Hints and tips:
...Key to its rapid transformation was the 2008 acquisition of Embarq, Sprint’s former landline business, for $5.8bn to create one of the largest regional players in the US....
...In Rio, this will allow a throughput of about 56,000 passengers per hour, per direction, says Dario Hidalgo, senior transport engineer at Embarq, the World Resources Institute’s sustainable transport initiative...
...But Amit Bhatt, head of urban transport strategy at Embarq India, told beyondbrics that three-wheelers are actually just fine....
...A smaller deal in 2008 to acquire competitor Embarq that closed last summer has gone well. Mr Post is somewhat less convincing in citing Qwest’s long-distance unit as a key attraction....
...CenturyLink, in the process of changing its name from CenturyTel after the $5.8bn acquisition of rural carrier Embarq, will also assume $11.8bn in Qwest net debt as part of the deal....
...It will be the third largest rural carrier after Qwest and Embarq/CenturyTel and will see ebitda to net debt shrink to a manageable 2.6 times from 3.8 times....
...Frontier had lost in the bidding for Embarq, which was spun off by Sprint following the 2005 Sprint Nextel merger, and was looking for other rural phone properties....
...Hence the reason to cheer Monday’s agreed takeover of rural telecom provider Embarq by smaller peer CenturyTel, in an all-stock deal valuing Embarq at $11.6bn....
...Under the terms of the deal, Embarq shareholders will get 1.37 CenturyTel shares for each Embarq share of common stock they own....
...Merger partners CenturyTel and Embarq also tightened. American Express rallied despite a 79% drop in fourth-quarter net profit after the close yesterday....
...These included seven companies where the drop was more than 25 per cent of book value: Unisys, Qwest, Embarq, Ford, Western Union, Dean Foods and Pactiv Corp....
...At Embarq he earned a solid reputation for brand building and financial discipline, cutting 1,000 jobs and closing call centres as customers abandoned fixed lines....
...“The recent spin-offs (Embarq and Windstream), combined with an existing list of bidders, including CenturyTel, Citizens and private equity interest, makes this an opportune time for some of the smaller...
...Within a few months Alltel also plans to spin out its local-phone business, ranking it as number two behind Embarq....
...Deals included $4bn from healthcare group Abbott Laboratories and $4.5bn issue from Embarq, the telecoms company spun off from Sprint....
...Abbott Laboratories sold $4bn of paper in the US last week, surpassed by a $4.5bn issue from Embarq, the local telephone business spin-off from Sprint....
...this week for a further US rate rise – which came on Wednesday – investors devoured a bumper $4bn issue from Abbott Laboratories, while bankers are preparing to sell another huge $4.5bn offering – from Embarq...
...Embarq, the spun-off local telephone business of Sprint, is expected to price a three- part $4.5bn deal later this week....
...Last week, Abbott Laboratories conducted a $4bn issue in the US, followed by a $4.5bn issue from Embarq, the telephone business spin-off from Sprint....
...Sprint rose 3.4 per cent to $22.92 after spinning off its fixed-line service Embarq to Sprint shareholders. Burger King made a strong stock market debut....
...Healthcare company Abbott Laboratories priced a $4bn issue and Embarq, the telecommunications spin-off from Sprint, priced a bumper $4.5bn offering....
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