In separate first quarter earnings reports Wednesday, Qwest Communications International said its profits plunged 81%, but CenturyTel, which is in the process of acquiring Qwest for $10.6 billion, reported that its net profits more than tripled.
CenturyTel Profits Triple, Qwest's Plunge
The first quarter earnings reports were released as CenturyTel is in the process of acquiring Qwest.
May 5, 2010