Hints and tips:
...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....
...Under the terms of the deal, Embarq shareholders will get 1.37 CenturyTel shares for each Embarq share of common stock they own....
...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....
...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....
...Embarq, the spun-off local telephone business of Sprint, is expected to price a three- part $4.5bn deal later this week....
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