CenturyTel's Sale of Alaska Operations Nears Close.MONROE, La.--(BUSINESS WIRE)--May 11, 1999-- CenturyTel, Inc. (NYSE NYSE See: New York Stock Exchange : CTL See control key. 1. CTL - Checkout Test language. 2. CTL - Compiler Target Language. 3. CTL - Computational Tree Logic ) expects to close the sale of substantially all of its Alaska-based operations to Fox Paine Capital Fund L.P. on Friday, May 14. Due to cross-ownership issues in the area surrounding Fairbanks, CenturyTel will retain the operation of the Alaska RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. No.1 cellular market, which encompasses Fairbanks. The value of Alaska RSA No.1 is not material to the overall transaction. CenturyTel is pleased that the U. S. Department of Justice has cleared the sale of substantially all of these assets and is committed to maintaining service levels in the Fairbanks market. CenturyTel provides integrated communications services including local exchange, wireless, long distance, Internet access See how to access the Internet. and security monitoring services to more than two million customers in 21 states. The company, headquartered in Monroe, Louisiana, is publicly traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CTL. CenturyTel is the 9th largest local exchange telephone company, based on access lines, and the 10th largest cellular company, based on population equivalents owned, in the United States. Visit CenturyTel's corporate website at www.centurytel.com |
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