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Embarq Rejected Higher Offer
Ah, those wonderful synergies...
Centurytel recently acquired Sprint spinoff Embarq in an $5.8 billion dollar deal, though filings indicate that Embarq rejected a higher offer. CenturyTel’s offer valued Embarq at $40.42 per share, a 36% premium, while the other mystery bidder offered $40.86, a 37% premium. Embarq took the lower offer. Embarq justified the selection of the lower offer by saying it provided $400 million in "annual synergies," and CenturyTel’s use of 700 MHz spectrum makes integration easier. It's not certain who the other mystery bidder was, but a likely candidate is Frontier Communications. Considering Frontier plans to implement 5GB caps, Embarq customers may have dodged a bullet.
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Hazy Arc
join:2006-04-10
Greenwood, SC

Hazy Arc

Member

5GB?

Thank God Frontier (if they were indeed the suitor) didn't win the bid. 5GB???? Surely you jest. If I wanted to be restricted to 5GB caps, I'd just use a Verizon Wireless aircard.

Fox McCloud
Crazy like a fox.
join:2006-07-23

Fox McCloud

Member

hmmm

well, if frontier really was the top bidder, I'm glad Embarq went with CenturyTel--a 5GB cap is just as bad as EVDO...if not worse, considering that it's non-mobile.

MrMoody
Free range slave
Premium Member
join:2002-09-03
Smithfield, NC

MrMoody

Premium Member

Re: hmmm

No kidding, whoever's responsible for rejecting Frontier, thankyouthankyouthankyouthankyouthankyouthankyou ...
wvcaver
Premium Member
join:2005-04-17
Millersburg, OH

wvcaver

Premium Member

Re: hmmm

said by MrMoody:

No kidding, whoever's responsible for rejecting Frontier, thankyouthankyouthankyouthankyouthankyouthankyou ...
Diddo

tubbynet
reminds me of the danse russe
MVM
join:2008-01-16
Gilbert, AZ

tubbynet

MVM

could this be...?

if frontier communications was indeed the higher bidder, does this mean that a provider is actually looking out for the best interests of its customers...?

q.
Rob_
Premium Member
join:2008-07-16
Mary Esther, FL

Rob_

Premium Member

Re: could this be...?

get used to it, folks, caps are the future. (we already have them)

-Rob

Lowtarget
Premium Member
join:2003-12-22
Alger, OH

Lowtarget

Premium Member

Re: could this be...?

said by Rob_:

get used to it, folks, caps are the future. (we already have them)

-Rob
I agree with that. Its only matter of time befor more ISP's apply caps. Since few of them all ready took the step.