CenturyLink to sell Verizon Wireless services

Telecommunications service provider CenturyLink Inc. (CTL) said it has entered into an agreement with Verizon Wireless (VZ) under which CenturyLink will be an authorized agent of Verizon Wireless services. As such, CenturyLink will offer Verizon Wireless equipment and service plans to its residential and small business customers.
The deal takes on the previous agreement Qwest Communications International Inc. had with Verizon Wireless prior to CenturyLink’s acquisition of Qwest last year. Louisiana-based CenturyLink provides broadband, entertainment and voice services in 33 states.
Financial terms of the agreement are not being disclosed.
As part of the agreement CenturyLink customers will soon have access to Verizon Wireless’ full lineup of devices, including smart phones, feature phones, and Internet devices such as tablets, netbooks, mobile hotspots and USB modems. In addition, CenturyLink customers will have access to Verizon Wireless’ LTE service that is set to expand into its 39th market later this week.
“We believe this wireless agreement will benefit our customers by expanding the portfolio of communications products and services we offer,” said Glen Post, CenturyLink CEO and president. “With this addition, customers will soon have the convenience and advantages of one-stop shopping for their broadband, entertainment, voice and wireless services.”