Embarq
From Wikipedia, the free encyclopedia
Embarq Corporation | |
Type | Public (NYSE: EQ) |
---|---|
Founded | May 17, 2006 |
Headquarters | Overland Park, Kansas, USA |
Key people | Daniel R. Hesse, Chairman & CEO |
Industry | Telecommunications |
Products | Landline Telephone Service |
Revenue | $6.254 billion USD (2006) |
Net income | $878.0 million USD (2006) |
Employees | 14,500 (2005) |
Website | Embarq |
Embarq Corporation, or EMBARQ, was formerly the local telephone division (LTD) of Sprint Nextel. It is traded on the New York Stock Exchange under the symbol EQ.
The company is the fourth largest local exchange carrier in the United States (below the Baby Bells) and the largest independent local provider, serving customers in 18 states and providing local, long distance and high-speed data services to residential and business customers. The Las Vegas, Nevada metropolitan area is its largest market. [1] The company consists of approximately 20,000 employees.
Telephone directories for EMBARQ customers are published by R.H. Donnelley.
Approximately $3 billion in debt incurred from the Sprint Nextel merger was transferred to the new company. The company is estimated to have approximately $6 billion in revenues.
EMBARQ trademarks are the property of a subsidiary named Embarq Holdings Company LLC, commonly mistaken as the actual name of the publicly traded holding company, Embarq Corporation.
It began trading on the NYSE on May 18, 2006.
[edit] Coverage
EMBARQ's coverage territory includes that of the former ILEC companies of Carolina Telephone & Telegraph, United Telephone Company, and Centel (Central Telephone Company), which combined were part of Sprint Local prior to the spinoff of ILEC assets into EMBARQ. While the EMBARQ corporation was recently established, the company's heritage goes back to 1899. At that time, the genesis company was named Browns Local Telephone company.
Embarq provides its local service through operating companies. The states that it provides service to include:
- Florida
- Indiana
- Kansas
- Minnesota
- Missouri
- Nebraska
- Nevada
- New Jersey
- North Carolina
- Ohio
- Oregon
- Pennsylvania
- South Carolina
- Tennessee
- Texas
- Virginia
- Washington
- Wyoming
[edit] Official Sites
- Embarq Corporation
- Embarq Logistics (Formerly Sprint North Supply)
- Embarq Wholesale Services
[edit] Competitors
- AT&T
- Verizon Communications
- Cox Communications
- Qwest
- Time Warner Cable
- Vonage
- Windstream Communications (formerly Alltel, which spun off its landline division with Valor Telecom)
ACS · AT&T · CenturyTel · Cincinnati Bell · Deltacom · Embarq · FairPoint · Frontier · Hawaiian Telcom · Qwest · TDS · Verizon · Windstream
Embarq Corporation |
---|
Corporate Directors: Peter C. Brown | Steven A. Davis | Daniel R. Hesse - Chairman & CEO | John P. Mullen | William A. Owens | Dinesh C. Paliwal | Stephanie M. Shern | Laurie A. Siegel |
Assets |
Annual Revenue: $6.7 billion USD ( FY 2005) | Employees: 20,000 | Stock Symbol: NYSE: EQ | Website: www.embarq.com |
Categories: Telecommunications companies of the United States | Sprint Nextel | Embarq | Companies established in 2006 | 2006 establishments | Companies based in Kansas | Companies listed on the New York Stock Exchange | Kansas City metropolitan area | Internet service providers of the United States