MONROE, La., Aug. 4 /PRNewswire-FirstCall/ — CenturyLink, Inc. (NYSE: CTL) announces operating results for second quarter 2010, which include the effect of the Embarq acquisition completed July 1, 2009. Increased operating revenues more than 179% to $1.772 billion as a result of the Embarq acquisition.Generated free cash flow of more than $428 million in second [...]
Qwest Communications reports a decline in sales and incurs sizable merger-related expenses.
As CenturyLink Inc. and Qwest Communications International Inc. shareholders mull whether to approve the carriers’ pending, $22 billion merger , the Federal Trade Commission (FTC) has given the combination the go-ahead.
CenturyLink (NYSE: CTL ) has cleared another hurdle to move forward with its acquisition of Qwest (NYSE: Q ) by gaining U.S. antitrust approval of the deal. Although the $10.6 billion transformational deal still needs the approval of the FCC and Qwest’s shareholders, the deal, when complete, will transform CenturyLink–which is still in the process [...]
With only three days until Frontier (NYSE: FTR ) officially takes over Verizon’s (NYSE: VZ ) rural lines in 14 states, Fitch Ratings has upgraded the service provider’s rating. Fitch said it upgraded Frontier’s rating to BB+, the brink of investment-grade territory, because the deal enhances the service provider’s size and cash flow. While Fitch [...]
Since announcement of the merger with Qwest, CenturyTel has worked to determine the organizational leaders and structure for the combined company.
By being named to Bloomberg BusinessWeek ’s Tech 100, CenturyLink’s ( NYSE: CTL ) profile has risen above its small independent ILEC roots. Bloomberg’s designation comes only two months after CenturyLink gained a spot on Fortune 500’s largest U.S. companies list. Â CenturyLink, which just officially changed its name two weeks ago, is ranked No. [...]
CenturyTel Inc., the phone company that is buying Qwest, on Wednesday reported sharply higher net income for the first quarter, topping Wall Street estimates, and said it added more broadband customers while losing fewer phone subscribers.
CenturyTel ( NYSE: CTL ) made it official today that it has changed its legal name to CenturyLink. Already established as a brand since the second half of 2009, CenturyLink will continue to trade on the New York Stock Exchange under the current CTL symbol. CenturyLink is a rising consolidation star in the Tier 2 [...]
We are upgrading our recommendation for CenturyTel to Neutral based on solid first-quarter 2010 results and management’s upbeat guidance.