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CenturyLink Inc (CTL.N)

CTL.N on New York Stock Exchange

17.90USD
21 Feb 2018
Change (% chg)

$-0.57 (-3.09%)
Prev Close
$18.47
Open
$18.47
Day's High
$18.60
Day's Low
$17.89
Volume
2,817,889
Avg. Vol
3,564,067
52-wk High
$27.61
52-wk Low
$13.17

Latest Key Developments (Source: Significant Developments)

CenturyLink Announces Conclusion Of Special Committee Investigation
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - CenturyLink Inc ::CENTURYLINK ANNOUNCES CONCLUSION OF SPECIAL COMMITTEE INVESTIGATION.CENTURYLINK - SPECIAL COMMITTEE REPORTED FINDINGS OF REVIEW OF POLICIES, PROCEDURES, PRACTICES RELATED TO CONSUMER SALES, SERVICE, BILLING.CENTURYLINK - INVESTIGATION DID NOT REVEAL EVIDENCE TO CONCLUDE ANY MEMBER OF MANAGEMENT TEAM ENGAGED IN FRAUD OR WRONGDOING.CENTURYLINK - FINDINGS SHOWED SOME PRODUCTS, PRICING, PROMOTIONS CAUSED CONFUSION, RESULTING BILLS SOMETIMES FAILED TO MEET CUSTOMER EXPECTATIONS.CENTURYLINK INC - FINDINGS SHOWED SYSTEMS AND HUMAN ERRORS LED TO CERTAIN CUSTOMERS NOT RECEIVING AN OFFERED POINT-OF-SALE DISCOUNT.CENTURYLINK INC - "COMPANY ACCEPTS SPECIAL COMMITTEE'S FINDINGS AND CONCLUSIONS".  Full Article

Temasek Holdings (Private) Limited reports 8.7 pct stake in CenturyLink Inc. as on Nov. 1 ‍​
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Centurylink Inc ::Temasek Holdings (Private) Limited reports 8.7 percent stake in CenturyLink Inc. as on November 1, 2017 - SEC filing ‍​.  Full Article

CenturyLink acquisition of Level 3 receives approval from Federal Communications Commission
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - CenturyLink Inc ::CenturyLink acquisition of Level 3 receives approval from Federal Communications Commission.CenturyLink​ says ‍anticipates closing transaction with Level 3 Communications effective November 1, 2017.  Full Article

Data#3 ‍signs partner agreement with Centurylink​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Data#3 Ltd ::‍Signed partner agreement with Centurylink .‍Partnership to provide Centurylink customers with complementary enterprise-grade cloud options from Data#3​.  Full Article

U.S. Department Of Justice clears CenturyLink's acquisition of Level 3
Tuesday, 3 Oct 2017 

Oct 2 (Reuters) - Level 3 Communications Inc :U.S. Department of Justice clears CenturyLink's acquisition of level 3.CenturyLink Inc - ‍under consent decree, combined company is required to divest Level 3 metro network assets in three metro areas​.CenturyLink Inc - ‍divestitures are not expected to have material impact on pro-forma operating revenue and operating cash flows of combined company..CenturyLink Inc - ‍consent decree also provides that combined company will divest 24 strands of dark fiber connecting 30 specified city-pairs.  Full Article

Centurylink says Centurylink Escrow LLC entered into a credit agreement
Wednesday, 21 Jun 2017 

June 20 (Reuters) - Centurylink Inc :Centurylink says on June 19, Centurylink Escrow LLC entered into a credit agreement in connection with pending acquisition of level 3 communications.New term loan facilities consist of $1.575 billion term loan a tranche, a $0.370 billion term loan A-1 tranche and a $6.0 billion term loan B tranche - SEC filing​.Intends to use proceeds to finance cash portion of consideration payable in connection with acquisition​.New revolving credit facility and borrowings under term loan A and A-1 facilities will mature five years after closing of acquisition​.Borrowings under term loan B facility will mature on January 31, 2025​.Agreement providing for $9.945 billion in senior secured credit facilities, consisting of a $2.0 billion revolving credit facility.Agreement providing for $9.945 billion in senior secured credit facilities, also consisting of $7.945 billion of new term loan facilities.New revolving credit facility is designed to replace company's current revolving credit facility.A portion of new revolving credit facility in an amount not to exceed $100 million will be available for swingline loans.A portion of new revolving credit facility in an amount not to exceed $400 million will be available for issuance of letters of credit.  Full Article

Qwest Corp agrees to sell debt securities
Wednesday, 19 Apr 2017 

April 18 (Reuters) - Centurylink Inc ::Qwest Corporation agrees to sell debt securities.Centurylink Inc - co's subisidary Qwest corporation agreed to sell $575 million aggregate principal amount of 6.75 pct notes due 2057.  Full Article

Ohio, Utah approve merger of Centurylink and Level 3 Communications
Tuesday, 14 Feb 2017 

Centurylink Inc : Centurylink - Ohio, Utah approve the merger of Centurylink and Level 3 Communications; merger also received regulatory clearance from State of Nevada .Centurylink - companies anticipate closing the transaction by the end of third quarter 2017.  Full Article

CenturyLink reaches agreement to sell data centers
Friday, 4 Nov 2016 

Centurylink Inc : Centurylink reaches agreement to sell data centers and colocation business to a consortium led by BC Partners and Medina Capital . Centurylink plans to use net proceeds from this sale to partly fund its acquisition of level 3 communications . Centurylink - will receive $2.15 billion in cash and minority stake valued at $150 million in consortium's newly-formed global secure infrastructure company . BC Partners/Medina-led consortium will assume ownership of Centurylink's portfolio of 57 data centers at closing .Centurylink reaches agreement to sell data centers and colocation business to a consortium led by bc partners and medina capital.  Full Article

Centurylink says unit Qwest Corp to sell $850 mln aggregate principal amount notes
Friday, 12 Aug 2016 

Centurylink Inc :Unit qwest corporation agreed to sell $850 million aggregate principal amount of 6.5% notes due 2056 - sec filing.  Full Article

BRIEF-CenturyLink Reports Q4 Earnings Per Share $1.26

* CENTURYLINK REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS