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CenturyLink Inc (CTL.N)

CTL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Centurylink Reports Q1 EPS $0.11
Thursday, 10 May 2018 

May 9 (Reuters) - CenturyLink Inc ::CENTURYLINK REPORTS FIRST QUARTER 2018 RESULTS.Q1 EARNINGS PER SHARE $0.11.Q1 REVENUE $5.95 BILLION VERSUS I/B/E/S VIEW $5.97 BILLION.Q1 EARNINGS PER SHARE $0.25 EXCLUDING ITEMS.Q1 EARNINGS PER SHARE VIEW $0.19 -- THOMSON REUTERS I/B/E/S.REITERATED ADJUSTED EBITDA AND FREE CASH FLOW OUTLOOK FOR FULL YEAR 2018.SEES 2018 CAPITAL EXPENDITURES OF ABOUT 16% OF REVENUE.  Full Article

Globalstar To Merge With Metro Fiber Provider Fiberlight And Acquire Other Assets In Stock Transaction
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Globalstar Inc ::GLOBALSTAR TO MERGE WITH METRO FIBER PROVIDER FIBERLIGHT AND ACQUIRE OTHER ASSETS IN STOCK TRANSACTION.GLOBALSTAR INC - TO CONDUCT RIGHTS OFFERING FOR MINORITY SHAREHOLDERS FOLLOWING CLOSING ON MERGER.GLOBALSTAR - UPON COMPLETION OF MERGER, THERMO COMPANIES EXPECTS TO INITIATE A RIGHTS OFFERING OF UP TO $100 MILLION FOR MINORITY SHAREHOLDERS.GLOBALSTAR INC - SIGNED A MERGER AGREEMENT WITH THERMO ACQUISITIONS INC.GLOBALSTAR INC - DIFFERENT ASSETS WILL BE COMBINED WITH CO IN EXCHANGE FOR GLOBALSTAR COMMON STOCK VALUED AT APPROXIMATELY $1.65 BILLION.GLOBALSTAR - ASSETS TO BE COMBINED INCLUDE METRO FIBER PROVIDER FIBERLIGHT, 15.5 MILLION SHARES OF CENTURYLINK, $100 MILLION CASH & MINORITY INVESTMENTS IN COMPLEMENTARY BUSINESSES, $25 MILLION ASSETS.GLOBALSTAR INC - AT CLOSING PARENT COMPANY WILL BE RENAMED THERMO COMPANIES, INC., AND ITS STOCK WILL CONTINUE TO TRADE PUBLICLY.GLOBALSTAR INC - MANAGEMENT EXPECTS 2019 ADJUSTED EBITDA OF COMBINED ENTITY TO BE IN EXCESS OF $165 MILLION.GLOBALSTAR INC - MERGER TO ORGANIZE PRO FORMA CO INTO 4 PRINCIPAL OPERATING SUBSIDIARIES UNDER NAME THERMO COMPANIES INC AS PUBLIC COMPANY.GLOBALSTAR INC - AS A RESULT OF MOERGER, CO'S CEO TO INCREASE BENEFICIAL OWNERSHIP IN PRO FORMA COMPANY FROM ABOUT 58% TO 83%-87% AT CLOSING.GLOBALSTAR INC - THERMO, AFFILIATES WHO OWN CO'S STOCK SIGNED VOTING AGREEMENT TO VOTE IN FAVOR OF DEAL AT ANY MEETING OF STOCKHOLDERS.  Full Article

Temasek Says May Be Deemed To Own 118.1 Mln Centurylink's Shares As Of April 4
Thursday, 5 Apr 2018 

April 5 (Reuters) - Temasek Holdings (Private) Ltd::TEMASEK HOLDINGS SAYS AS OF APRIL 4, IT MAY BE DEEMED TO OWN 118.1 MILLION CENTURYLINK'S SHARES BENEFICIALLY OWNED BY UNITS.  Full Article

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

BRIEF-Centurylink Reports Q1 EPS $0.11

* Q1 EARNINGS PER SHARE VIEW $0.19 -- THOMSON REUTERS I/B/E/S