$CTL (CenturyLink, Inc.)

$CTL {{ '2015-07-01T18:52:42+0000' | timeago}} • Announcement

$CTL Management Update: CenturyLink, Inc. announced the appointment of Jason Bobb as VP, Global Sales, for the U.S. East region. Bobb is responsible for increasing market share and selling hybrid IT solutions that address the technology needs of CenturyLink's large business customers.

$CTL {{ '2017-09-12T15:26:57+0000' | timeago}} • Announcement

$CTL updated closing timeframe for acquisition of $LVLT. Based on proposed decision filed by California Administrative Law Judge recognizing that the combination is in public interest and recommending the California Public Utilities Commission approve the deal at its Oct. 12 meeting, $CTL now sees it to close in mid-to-late October 2017.

$CTL {{ '2017-08-24T11:37:05+0000' | timeago}} • Announcement

The State of New Jersey has approved $CTL's pending acquisition of $LVLT. With the New Jersey approval, California is the only state that has yet to approve or clear the acquisition.

$CTL {{ '2017-08-02T16:58:38+0000' | timeago}} • Announcement

$CTL recently won a coveted spot on the General Services Administration's 15-year, $50Bil Enterprise Infrastructure Solutions (EIS) program, a multiple-award contract vehicle for federal government agencies to purchase information technology and telecommunications infrastructure services.

$CTL {{ '2017-08-02T16:04:06+0000' | timeago}} • Announcement

The states of Mississippi and Washington have approved $CTL’s pending acquisition of $LVLT. 21 other states and territories, including Alaska, Colorado, Georgia, New York, Ohio, Virginia, West Virginia and the District of Columbia, had given the nod for the acquisition, which is expected to be completed by Sept. 30, 2017.

$CTL {{ '2017-07-18T16:22:56+0000' | timeago}} • Announcement

$CTL added a Unified Communications-as-a-Service (UCaaS) platform powered by $BSFT’s Government Cloud to $CTL’s General Services Administration IT Schedule 70 contract. The UCaaS platform is designed to meet the specific requirements of government agencies with its secure, mobile, on-demand infrastructure that can enable multi-site workplaces.

$CTL {{ '2017-07-10T13:30:29+0000' | timeago}} • Announcement

The states of Alaska, Colorado, New York and Pennsylvania recently approved $CTL's acquisition of $LVLT. The two companies continue to expect to receive the remaining state, federal and international approvals in time to complete the merger by Sept. 30, 2017.

$CTL {{ '2017-06-01T14:44:16+0000' | timeago}} • Announcement

$CTL said that upon closing of its acquisition of $LVLT, Jeff Storey, the present CEO of Level 3 Communications, will join CenturyLink as president and COO. Storey is likely to succeed CEO Glen F Post effective Jan. 1, 2019. Then, Post will become executive chairman of the Board. The transaction is expected to be completed by Sept.  30, 2017.

$CTL {{ '2017-05-30T13:46:10+0000' | timeago}} • Announcement

The states of Minnesota and Virginia recently approved the merger of $CTL and $LVLT. The two companies continue to expect to receive the remaining state, federal and international approvals in time to complete the merger by Sept. 30, 2017.

$CTL {{ '2017-05-30T13:20:21+0000' | timeago}} • Announcement

The states of Minnesota and Virginia recently approved the merger of $CTL and $LVLT. Currently, over 15 states and territories have approved or cleared the merger. The two companies expect to receive the remaining state, federal and international approvals in time to complete the merger by Sept. 30, 2017.

$CTL {{ '2017-05-25T12:55:04+0000' | timeago}} • Announcement

$CTL's BoD voted to declare a regular quarterly cash dividend of $0.54 per share, which will be payable on June 16, 2017, to shareholders of record on June 5, 2017.

$CTL {{ '2017-05-03T20:58:09+0000' | timeago}} • Announcement

$CTL predicts 2Q17 operating cash flow of $1.40-1.46Bil, which is lower than 1Q17 due primarily to the impact of the sale of the colocation business, the decline in core revenue and higher seasonal cash expenses.

$CTL {{ '2017-05-03T20:57:54+0000' | timeago}} • Announcement

$CTL expects 2Q17 operating revenue of $4.07-4.13Bil, core revenue of $3.66-3.72Bil, and adjusted EPS of $0.46-0.52. As a result of the colocation sale on May 1, 2Q results are expected to have about $100MM lower operating and core revenues and $50-60MM lower cash expenses when compared to 1Q17.

$CTL {{ '2017-05-03T20:52:51+0000' | timeago}} • Announcement

$CTL reported a drop in 1Q17 earnings due to a decline in legacy revenue. Net income fell to $163MM or $0.30 per share from $236MM or $0.44 per share last year. Revenue declined to $4.21Bil from $4.4Bil. Adjusted EPS decreased to $0.52 from $0.71.

$LVLT {{ '2017-05-03T20:49:14+0000' | timeago}} • Announcement

$LVLT, which agreed to merge with $CTL, reported a 26% drop in its 1Q17 earnings, hurt by the $44MM pre-tax loss on the extinguishment and modification of debt. Net income was $95MM or $0.26 per share compared with $128MM or $0.36 per share in the year ago quarter. Revenue was flat at $2.048Bil versus a year ago.

$CTL {{ '2017-05-02T15:09:52+0000' | timeago}} • Announcement

$CTL closed sale of its data centers and colocation business on May 1 to funds advised by BC Partners, in a consortium including Medina Capital Advisors and Longview Asset Management. $CTL received about $1.86Bil of pre-tax net cash proceeds and about 10% equity stake in the consortium's new company, Cyxtera Technologies.

$CTL {{ '2017-04-28T17:20:25+0000' | timeago}} • Announcement

$CTL said shareholders of both companies as well as several states have already approved or cleared the company's acquisition of $LVLT. The company continues to anticipate closing the transaction by the end of 3Q17.

$CTL {{ '2017-04-28T17:19:38+0000' | timeago}} • Announcement

$CTL CEO Glen Post III announced the senior leadership team that will report to him effective at the time of closing of the company's acquisition of $LVLT. In addition, Post plans to name an EVP, chief marketing officer at a later date.

$CTL {{ '2017-04-19T12:31:44+0000' | timeago}} • Announcement

$CTL said its its subsidiary Qwest Corp. agreed to sell $575MM of 6.75% Notes due 2057. Qwest also granted the underwriters of this offering an option to buy up to an additional $86.25MM of these notes to cover any over-allotments. The closing of this offering is expected to occur on April 27, 2017.

$CTL {{ '2017-04-19T12:16:33+0000' | timeago}} • Announcement

$CTL's wholly-owned subsidiary, Qwest Corporation agreed to sell $575MM aggregate principal amount of 6.75% Notes due 2057. Qwest also granted the underwriters an option to acquire up to an additional $86.25MM principal amount of these notes to cover any over-allotments. The closing of this offering is expected to occur on April 27, 2017.

$CTL {{ '2017-04-12T14:20:41+0000' | timeago}} • Announcement

The merger of $CTL and $LVLT received approval from Delaware, Hawaii, Maryland and the District of Columbia. The merger also recently received regulatory clearance from Texas, Georgia, Ohio, Utah and West Virginia. The companies expect to receive the remaining state, federal and international approvals to complete the merger by Sept. 30, 2017.

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