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Company History 4/1/11 2011 CenturyL lnk- On April 1, 2011, CenturyLink completed its acquisition of Qwest Communications in a tax free, stock -for- stock transaction, creating the third largest telecommunications provider — based on access lines — in the United States, with Admiral William A. Owens as Chairman of the Board and Glen F. Post III as Chief Executive Officer and President. With the completion of the transaction, CenturyLink became a national, industry - leading communications company. The combination created a company with proforma combined revenues of more than $18 billion, a robust national 180,000 route mile fiber network and a strong employee base committed to providing quality service to our customers. 2010 On April 22, CenturyLink and Qwest Communications announced that their boards of directors approved a definitive agreement under which CenturyLink will acquire Qwest in a tax -free, stock - for -stock transaction. Qwest's origins date to 1988 when Southern Pacific Telecom was established as a subsidiary of Southern Pacific Railroad to lay telecommunications cable. The company began offering limited long - distance services in 1991, changed its name to Qwest Communications in 1995 and incorporated in 1997 when it began construction of its nationwide fiber optic network. Qwest Communications (NYSE: Q) became a publicly -held company with its successful initial public offering in June 1997. In June 2000, Qwest became a company rich in history that dates back more than 120 years when the company merged with U S WEST, one of the original regional bell operating companies (aka Baby Bells) that resulted from the divestiture of AT &T in 1984. 2009 On July 1, 2009, CenturyTel completed its acquisition of Embarq Corporation ( "EMBARQ ") in a tax free, stock - for -stock transaction, creating one of the leading communications companies in the United States. Simultaneously, the company began operating under the name CenturyLink (NYSE: CTL), with Admiral William A. Owens as Chairman of the Board and Glen F. Post III as Chief Executive Officer and President. The benefits of consolidating these two successful companies include the creation of an industry - leading communications provider; an expanded suite of products and solutions for our communities; enhanced employee opportunities over time from a larger company; greater financial strength and stability; and the uniting of an experienced, capable leadership team. This acquisition positions the combined company as the largest Independent Telecommunications Provider and fourth largest telecommunications provider — based on access lines — in the United States. 100 CenturyLink Drive Monroe, LA 71203 Tel: 318.388.9000 Fax: 318.340.5520 www.centurylink.com