CenturyLink, Inc. is an American telecommunications company, headquartered in Monroe, Louisiana, providing communications and data services for residential, business, government and wholesale customers in 37 states. As a member of the S & amp; P 500, the company operates as a local exchange operator and Internet access provider in the US market and is the third largest telecommunications company in the United States in terms of lines presented, behind AT & amp; T and Verizon. It also provides remote services.
Video CenturyLink
History
Its predecessor CenturyLink is the Oak Ridge Telephone Company in Oak Ridge, Louisiana, owned by F. E. Hogan, Sr. In 1930, Hogan sold the company, with 75 paid subscribers, to William Clarke and Marie Williams, for $ 500. They moved the switchboard into the Williams family's front room. In 1946, Williams's son, Clarke McRae Williams, received ownership of the family phone company as a wedding gift. In 1947, Clarke Williams knew the telephone company in Marion, Louisiana was sold. With loans from business associates Joe Sydney Carter, Clarke bought Marion Telephone Company and eventually became his base of operations as he expanded his company through more acquisitions. CenturyLink still maintains an office in the former headquarters building. The company remained as a family-operated business until it became established in 1968.
Telephone and Electronic Central
In 1967, Oak Ridge Telephone Company served three states with 10,000 access points. That year, the company was founded as Central Telephone and Electronics. Clarke M. Williams served as president and chairman of the board. Between 1972 and 1975, Clarke gradually moved its headquarters from Marion to Monroe, Louisiana, to access a larger employee base and was near the airport.
Century Telephone Enterprises
In 1971, the company was renamed Century Telephone Enterprises, Inc. In 1972, Century Telephone acquired La Crosse Telephone Corporation, Wisconsin.
On October 24, 1978, Century Telephone moved to the New York Stock Exchange for the first time and began trading with the ticker CTL symbol.
Century Telephone performed well during the long bear market of the 1970s, as its stock rose more than fourfold. The company provided telephone service in parts of 14 countries at that time.
In 1981, Century Telephone acquired War Telephone in West Virginia.
In 1982, Century Telephone's revenue reached $ 14 million, then declined in 1983 after the early 1980s recession, and finally began to recover in 1984. However, the 1983 decline resulted in the loss of half the value of the company's shares in 1984.
In 1985, earnings and stock prices have rebounded to new record highs. But by then, the company had raised $ 206 million in long-term debt. Century Telephone sells War Telephone operations and two other companies to Colonial Telephone for $ 4.66 million.
In 1987, stock prices almost doubled from a low year, and from a record high in 1982, before falling back by a third on the 1987 stock market crash. Income continued to increase each year from the low of 1983, and in 1987 it reached nearly US $ 20 million.
In 1989, Century Telephone Enterprises acquired Universal Telephone, Inc. worth US $ 90 million in cash. During the late 1980s the company started a long trend where its performance was excellent. The stock split three-for-two twice in this period, as revenues continued to grow, through the 1990-1991 recession, and by the end of 1991, they reached nearly US $ 40 million, twice what they had in 1987.
In 1992, Century Telephone acquired Central Telephone Company of Ohio, a subsidiary of Centel, for $ 135 million. The acquisition serves more than 65,000 access points, and adds 20% to the total of Century access points. Also that year Glen F. Post III became Chief Executive Officer and, named Deputy Chairman of the Century Telephone Board.
In 1993, Century Telephone revenues were more than $ 425 million, up from about $ 350 million in 1992. Revenue in 1993 was nearly $ 80 million, up from about $ 70 million in 1992, excluding the cost of nearly $ 16 million in 1992 because the cumulative effect of accounting changed that year. Also in 1993 the company split its shares three-for-two again. However, at that time, the company has collected nearly $ 520 million of long-term debt.
In 1995, Century Telephone Enterprises was added to the S & amp; P MidCap 400. Earnings continued their growth trend through soft landings in 1994, and in 1995 they totaled over US $ 115 million. But long-term debt continued to grow as well, reaching US $ 623 million that year.
In 1997, Century Telephone acquired Delta Security Alarm Co., Inc. of Monroe, Louisiana, and the largest acquisition up to that date, Pacific Telecom, doubled its size with 660,000 additional phone access lines in 12 states. Pacific Telecom, Inc., will continue to exist and be renamed CenturyTel of the Northwest, Inc.
In 1998, Century Telephone split its shares three-for-two once again. The company acquired another security company Monroe, Louisiana, Century Protection Systems, and also acquired 89,000 access points and 19 exchanges in 21 northern Wisconsin communities from Ameritech. The previously affected customers have been served by Wisconsin Bell. Ameritech directory publishing operations serving customers are also obtained.
CenturyTel
In 1999, the company was renamed CenturyTel, Inc. It splits its shares three-for-two once more, and is added to Standard & amp; Poor's 500 Index that year.
In 2000, CenturyTel acquired 230,500 GTE lines in Arkansas, and also purchased 127,000 GTE connections in Missouri in partnership with Spectra Communications. In Wisconsin, it acquired 133,000 additional lines, and 70,500 access points for US $ 195 million from Verizon. That year, CenturyTel also purchased 62,650 lines for US $ 170 million in partnership with the USA Phone from Wisconsin, LLC.
In 2001, CenturyTel acquired CSW Net, Inc. from Russellville, Arkansas, and repelled hostile attempts by ALLTEL, Inc.
In 2002, the original founding son of the company and Clarke M. Williams Board Chairman died. He was replaced by Vice Chairman as Glen F. Post III. The company sells its wireless business to ALLTEL, to become a pure local rural exchange operator. Also in that year CenturyTel acquired 300,000 Verizon access points in Alabama, and 354,000 Verizon access points in Missouri, bringing its total operations to 22 countries with 2.5 million access points.
In 2003, CenturyTel acquired half-ownership of SkyComm International, Inc. in Houston, Texas, in March, to set up a satellite teleport for its global Network Access Point (NAP) system. In June, CenturyTel also acquired a fiber network from Digital Teleport, Inc., a 5,700 mile (9,200 km) route from Illinois to Texas, and adjacent states. CenturyTel was renamed LightCore networking company. Closing year, in December CenturyTel acquired Midwest Fiber Optic Network (MFON) from Level 3 Communications, Inc. in December, a stand-alone system in the same core state center as LightCore.
In August 2004, he partnered with EchoStar Communications Corporation for DISH Network's multi-channel digital TV. In September, CenturyTel started a relationship with Cingular Wireless.
In 2005, CenturyTel started wireless voice and data services, and purchased a number of fiber networks in the central United States, from KMC Telecom Holdings, Inc.
In 2006, CenturyTel sold its Arizona assets to Hopi Telecommunications, Inc., bringing total operations to 23 states.
In May 2007, CenturyTel acquired Madison River Communications, based in Mebane, NC and holding company for four LECs (AL, GA, IL, and NC) and CLEC operations in IL, LA, and NC. LECs include Mebtel Communications, a telephone company serving Alamance County, North Carolina; GulfTel Communications, based in Foley, AL and serving Baldwin and surrounding counties; Coastal Communications, based in Hinesville, GA; and Gallatin River Communications, serving the Dixon, Galesburg, and Pekin regions of IL.
At the end of 2007, the Customer Respect Group, an international research and consulting firm that focuses on how corporations treat their online customers, puts CenturyTel among the top six leading communications providers.
Acquisition of Embarq
On October 27, 2008, Embarq announced that it would be acquired by CenturyTel, Inc. in an entire stock transaction worth about $ 6 billion. CenturyTel CEO Glen Post will remain the CEO of the joint venture after the acquisition, and will remain CEO by 2015. Embarq is a former Sprint ground business and serves cities in 18 states, including Nevada, Florida, North Carolina and Ohio. The deal makes CenturyTel the third largest landline phone provider in Pennsylvania behind Verizon (via Verizon Pennsylvania and Verizon North) and Comcast.
Rename it to CenturyLink
On June 2, 2009, a press release announced that the combined CenturyTel/Embarq entity would be called CenturyLink. Denver-based Monigle Associates are retained to formulate a brand new strategy. The acquisition was completed on July 1, 2009.
On October 19, 2009, the CenturyTel and Embarq brands were retired, and all businesses were officially carried out under the banner of CenturyLink, continuing to trade on the NYSE under CTT CenturyTel stock ticker. The new company name, CenturyLink, Inc., did not become official until May 2010.
Qwest acquisition
On April 22, 2010, CenturyLink (at this point still legally known as CenturyTel, Inc.) announces it will acquire Qwest in a share-to-share transaction. Under the agreement, CenturyLink will exchange 0.1664 shares for each Qwest share; as a result, CenturyLink's shareholders before the merger ended with a 50.5% stake in the joint venture, while the former Qwest shareholder earned 49.5% of the remaining shares. The purchase valuation of CenturyLink is $ 12 billion. Merger is completed on April 1, 2011.
The Qwest additions allow CenturyLink to become the third largest telecommunications company in the United States, and the largest landline provider in the state of Colorado. The new company has 17 million access points, 5 million broadband subscribers, and 1.4 million video subscribers in 37 states. This merger also made CenturyLink the owner of one called Baby Bells: Qwest incorporated what was once West West, Baby Bell for much of the western United States.
Acquisition of Savvis
On July 15, 2011, CenturyLink acquired Savvis, Inc., a global provider of cloud infrastructure and IT solutions awarded for $ 2 billion, representing all ordinary shares of Savvis's outstanding shares at $ 40 per share. This acquisition allows CenturyLink to provide managed hosting and expanded cloud services.
On December 4, 2012, CenturyLink launched an integrated cloud services package called savvisdirect. Savvisdirect is an expansion of CenturyLink's portfolio of cloud savvis services and includes cloud hosting applications, cloud servers, cloud storage, and private cloud for small businesses, admin and IT developers. CenturyLink then closes its savvisdirect subsidiary, consolidating their cloud services offer internally.
On October 16, 2012, Savvis acquired ITO's Business Division from Ciber thus adding managed services into the portfolio.
Acquisition AppFog
On June 14, 2013, CenturyLink announced the acquisition of AppFog, Portland-based Platform as a Service used by over 100,000 developers to automate the deployment of software on public clouds such as Amazon Web Services and OpenStack.
Acquisition of Tier 3
On November 19, 2013, CenturyLink announced the acquisition of Tier 3, a Seattle-based infrastructure as an advanced IaaS service, platform, and cloud management company based on Cloud Foundry.
DataGardens Acquisition
On December 8, 2014, CenturyLink announced the acquisition of DataGardens, Inc., a provider of Disaster Recovery as-a-Service (DRaaS) based in Edmondton, Alberta, Canada.
Cognilytics acquisition
On December 11, 2014, CenturyLink announced the acquisition of Cognilytics, predictive analytics and big data solution providers.
Acquisition netAura
On March 30, 2016, CenturyLink announced the acquisition of netAura, a security services company focusing on cybersecurity, event security and information management (SIEM), vulnerability analysis and management.
Acquisition of SEAL Consulting
On January 9, 2017, CenturyLink announced the acquisition of Edison, New Jersey based SEAL Consulting, a leading provider of SAP solutions. This extends SAP's existing capabilities in CenturyLink for managed hosting and services to incorporate software integration and implementation.
Acquisition Level 3
On October 31, 2016, CenturyLink announced its intention to acquire Level 3 Communications in a deal worth approximately $ 25 billion. After securing necessary regulatory approvals, CenturyLink closed its deal on November 1, 2017.
Maps CenturyLink
Services offered
CenturyLink offers voice and data communications, as well as television and home security services. Local and remote voice communication of CenturyLink is POTS. The data communication of CenturyLink is done through DSL, Metro Ethernet, MPLS, ATM, and Frame Relay through fiber optic and copper DS-3 and T-1 lines. The company also offers bundling with Verizon Wireless.
Availability by country
Television
CenturyLink offers fiber-optic IPTV service called Prism TV in selected markets. In areas where Prism TV is not available, CenturyLink partnered with DirecTV. CenturyLink previously offered Dish Network bundles to their customers, the rest of the company's days before the Qwest acquisition. In May 2014, CenturyLink reported that they have nearly 200,000 Prism TV subscribers.
Television market
Fiber
CenturyLink Fiber is a fiber for location services in the United States, providing broadband Internet and Prism TV to a small number and very slow number of locations. The service was first introduced to Omaha, Nebraska, and later launched into Las Vegas, Nevada, with plans for expansion into several other markets. Unlike the company's existing high-speed Internet usage, which utilizes fiber-to-node/environments to increase ADSL2 speeds up to 20/2 Mbit/s, VDSL2 speeds of up to 140/10Mbit/s, in these markets CenturyLink is now installing fiber cables optics to home or business at speeds up to 1,000 Mbit/s and 1,000 Mbit/s upload using Calix Optical Network Terminal. On February 2, 2014, CenturyLink announced the availability of Gigabit fiber services to multi-tenant businesses in Salt Lake City and surrounding communities. On August 5, 2014, CenturyLink announced the expansion of gigabit fiber services to 16 additional markets. On Sep 15, 2015, CenturyLink announced the expansion of gigabit fiber services to residential and business customers in six additional countries, increasing the company's service coverage to select 17 states.
Gigabit Fiber markets
Data center
On May 2, 2017, CenturyLink, Inc. completed the previously announced sale of data centers and colocation businesses to the funds recommended by BC Partners, in a consortium including Medina Capital Advisors and Longview Asset Management. The deal is worth about $ 1.86 billion with CenturyLink maintaining a 10% equity stake in Cyxtera Technologies' new global secure infrastructure consortium.
Organizational structure
The combined service area of ​​37 countries is divided into five regions and headed by stake presidents. The stake president is responsible for revenue, customer retention, customer satisfaction, and service delivery across their local markets. Territory, stake president, regional headquarters location, and state in each region are:
Name rights and sponsors
Venues
- CenturyLink Arena Boise - Boise, Idaho (formerly Bank of America Center and Qwest Arena )
- CenturyLink Center - Bossier City, Louisiana (formerly Bossier City Arena and CenturyTel Center )
- CenturyLink Center Omaha - Omaha, Nebraska (formerly Qwest Center )
- CenturyLink Field - Seattle, Washington (formerly Qwest Field )
- CenturyLink Sports Complex and Hammond Stadium - Fort Myers, Florida (Spring Training for Minnesota Twins)
Sponsors
- Denver Broncos
- Colorado College Tigers
- Orlando Magic
- Creighton Bluejays
- Idaho Steelheads
- Minnesota Twins
- National Western Stock Show and Rodeo
- Phoenix Mercury
- Phoenix Suns
- Seattle Seahawks
- Utah Jazz
- Broadmoor World Arena
- New Mexico State Aggies
- Mustang New Mexico
Criticism and controversy
The Federal Communications Commission ordered CenturyLink to pay a record $ 16 million for failing to alert authorities about preventable programming errors that caused nearly 11 million people in seven countries without access to emergency services for six hours by 2014.
See also
- List of US phone companies
References
External links
- Official website
Source of the article : Wikipedia
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