CenturyLink, Inc. (NYSE:CTL) Q4 2017 Earnings Conference Call - Final Transcript

Feb 14, 2018 • 05:00 pm ET


CenturyLink, Inc. (NYSE:CTL) Q4 2017 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to CenturyLink's Fourth Quarter 2017 Earnings Call. (Operator Instructions) As a reminder, this conference is being recorded Wednesday, February 14, 2018. I would now like to turn the call over to Mr. Tony Davis, Vice President of Investor Relations with CenturyLink. Please go ahead.

Tony Davis

Thank you, Ash, and good afternoon, everyone, and welcome to our call today to discuss CenturyLink's fourth quarter 2017 earnings results released earlier this afternoon. The slide presentation we will be reviewing during the prepared remarks portion of today's call is available in the Investor Relations section of our corporate website at ir.centurylink.com. At the conclusion of our prepared remarks today, we will open the call for Q&A. As you move to Slide 2, you will find our safe harbor language.

(Forward-looking Cautionary Statement) And now as we move to Slide 4, your host for today's call is Glen Post, CenturyLink's Chief Executive Officer. Joining Glen on today's call are Jeff Storey, CenturyLink President and Chief Operating Officer; and Sunit Patel, CenturyLink's Executive Vice President and Chief Financial Officer.

Our call today will be available for telephone replay and webcast replay through May 8, 2018. Anyone listening to a telephone or a webcast replay or reading a written transcript of this call should note that all information presented is current only as of today, February 14, 2018, and should be considered valid only as of this date regardless of the date heard or viewed.

And now as we move to Slide 5, I'll turn the call over to Glen Post. Glen?

Glen F. Post

Thank you, Tony, and thank you all for joining our call today as we discuss CenturyLink's fourth quarter 2017 results, our progress and the integration of CenturyLink and Level 3 and the 2018 outlook for our business. For the next few minutes, I will discuss CenturyLink's continued transformation to one of the world's leading network providers and will also make a few remarks about fourth quarter results and some of our plans for 2018.

I will then hand the call over to Sunit to review fourth quarter results in more detail and discuss our 2018 business outlook. And following Sunit, Jeff will provide an operations review of our business, including an update on our sales and operations integration and alignment to date and the opportunities and challenges he sees in the months ahead for our business.

As we move into our first full year of the combined operations of CenturyLink and Level 3, we'll talk for a minute about -- a look back basically. If you look into late 2016, we announced the sale of our data center and colocation businesses and the acquisition of Level 3, 2 milestone transactions that helped sharpen our focus on Core Network Services.

As you know, we successfully completed the sale of the data centers and colocation business effective May 1, 2017, and of course, the acquisition of Level 3 effective November 1 of last year. Both of these transactions