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. | ||||