EX-99.4 17 centurytel8kex994.htm centurytel8kex994.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 99.4

Filed by CenturyTel, Inc.
Pursuant to Rule 425 under the Securities Act of 1933 and
Deemed filed under Rule 14a-12 of the Exchange Act of 1934
Subject Company: CenturyTel, Inc., File #1-7784

    FINAL    10.27.08 
    CenturyTel Employee Letter     
 
       
         
         
    Dear CenturyTel Employee:     
         
    I am pleased to announce that earlier today CenturyTel and EMBARQ reached an agreement where 
    CenturyTel will acquire EMBARQ in a tax free, stock-for-stock transaction that will create one of the 
    leading communications companies in the United States. Together, we will have an operating presence in 
    33 states with approximately eight million access lines, two million broadband customers and 250,000 
    video subscribers.     
         
    This transaction combines two communications companies with customer-focused, industry-leading 
    capabilities. Bringing CenturyTel and EMBARQ together diversifies our revenues and provides us with 
    expanded networks, talent and financial resources. In this currently difficult economic environment, we 
    are truly excited to have this opportunity to create a stronger, more diverse company with the ability to 
    deliver an expanded range of products and services to our customers.     
         
    We know EMBARQ well, and we have worked alongside them to address matters of importance to our 
    industry. Its complete suite of communications services includes reliable voice, high-speed Internet, 
    wireless and satellite television services. We also share with EMBARQ and its dedicated employees a 
    strong commitment to serving our customers and communities.     
         
    The key to the success of our business has been – and will continue to be – you, our valued employees. I 
    believe this transaction enhances the long-term stability of the combined company and will result in 
    enhanced opportunities for many employees from both CenturyTel and EMBARQ. I look forward to 
    working with you and, following the closing, our new colleagues from EMBARQ as we continue to 
    deliver industry leading results.     
         
    We anticipate closing this transaction in mid-year 2009, subject to receipt of the necessary approvals from 
    both companies’ shareholders and regulators. In the interim, I am sure you will have many questions and 
    we are committed to making every effort to keep you up-to-date on important developments. Attached is 
    a copy of the press release we issued this morning that will provide further details about the transaction. 
         
    Many of the key decisions about how we will integrate CenturyTel and EMBARQ have not yet been 
    made, but we expect a smooth transition. I can tell you that our corporate headquarters will remain in 
    Monroe and I will continue to serve as Chief Executive Officer. Stewart Ewing will continue to serve as 
    Chief Financial Officer and Karen Puckett will continue to serve as Chief Operating Officer.     
         
    This transaction will likely create some interest by the media and other third parties. As always, it is 
    important for us to speak with one voice. If you receive any inquiries from the media or other questions 
    from outside CenturyTel, please forward them to Tony Davis at 318-388-9525.     
         


 

 
  I hope you share my enthusiasm about this exciting transaction. I want to thank all of you for your 
    continued diligence, support and focus on providing our customers with the world class service that they 
    have come to expect.