CenturyLink, Inc. (CTL) - NYSE
  • Mon, Jul. 25, 6:48 PM
    • The telecom sector has usually offered investors some solid dividend payers, but a separation in network quality between the top and smaller competitors is putting some dividends at risk.
    • Three regional telecoms make Roger Conrad's "Endangered Dividends List" -- CenturyLink (NYSE:CTL), Windstream Holdings (NASDAQ:WIN) and Communications Sales & Leasing (NASDAQ:CSAL). They've got cash flow to cover payouts now, but profit margins keep shrinking.
    • Windstream had effectively slashed its dividend nearly a year ago with the spinoff of CSAL, he says, and CenturyLink gave investors a 25%-plus haircut three years ago.
    • Only five of 22 telecoms he looked at pay a higher dividend today than they did five years ago: AT&T (NYSE:T), Verizon (NYSE:VZ), Comcast (NASDAQ:CMCSA), Shenandoah Telecommunications (NASDAQ:SHEN), and Telephone & Data Systems (NYSE:TDS).
    • CenturyLink might be first to make a cut, he says, as it's rolling over $1.35B in debt this year and faces heavy annual maturities from 2020-2025.
    | Mon, Jul. 25, 6:48 PM | 12 Comments
  • Thu, Jul. 14, 1:40 PM
    • FCC Chairman Tom Wheeler says in a blog post that he won't offer up new rules regarding retransmission-rights negotiations between TV programmers and providers.
    • The stance comes alongside an increasing environment for disputes and lengthy blackouts of TV service as pay-TV companies and content creators tussle over the increasing costs of programming.
    • Based on staff review, "it is clear that more rules in this area are not what we need at this point ... So, today I announce that we will not proceed at this time to adopt additional rules governing good faith negotiations for retransmission consent."
    • Wheeler says Congress could yet expand the FCC's scope of authority which could provide for more action. But "What we need is not more rules, but for both sides in retransmission consent negotiations to take seriously their responsibility to consumers."
    • Dish Network (NASDAQ:DISH) and Tribune Media (NYSE:TRCO) are in the middle of an ongoing fight, including a blackout.
    • Pay TV players: CMCSA, TWC, CHTR, CVC/OTCPK:ATCEY, T, DISH, VZ, FTR, CTL
    | Thu, Jul. 14, 1:40 PM | 3 Comments
  • Wed, Jul. 13, 7:31 PM
    • House testimony today indicates that an FCC proposal to open the market for TV set-top boxes may be losing its majority.
    • FCC Commissioner Jessica Rosenworcel -- considered a swing vote here -- acknowledged under questioning that the proposal (voted to move forward on party lines in February) was flawed.
    • Asked by Rep. Marsha Blackburn to answer only yes/no, Rosenworcel and GOP commissioners Ajit Pai and Michael O'Rielly said "yes" to the question "Do you agree that the initial FCC set-top proposal is flawed?" Rosenworcel also said "yes" to "Do you agree that if the FCC is to move forward, it should follow a different approach than outlined in the NPRM?"
    • FCC Chairman Tom Wheeler admitted that a "Ditch the Box" counter-proposal from the TV industry, focused on using apps, showed "promise," but said "One page is not a proposal; it is a press release."
    • Pay TV players: CMCSA, TWC, CHTR, CVC/OTCPK:OTCPK:ATCEY, T, DISH, VZ, FTR, CTL
    | Wed, Jul. 13, 7:31 PM | 13 Comments
  • Wed, Jun. 29, 9:52 AM
    • CenturyLink (CTL +1.2%) has acquired some strategic assets of the company formerly called Active Broadband Networks, intended to aid CenturyLink's move into the cloud.
    • The assets use software-defined networking and network functions virtualization to provide edge services.
    • The move is a next step in CenturyLink's fall 2015 strategy for network virtualization
    | Wed, Jun. 29, 9:52 AM | 8 Comments
  • Tue, Jun. 14, 10:46 AM
    • 16 months after the FCC voted 3-2 to impose tough net neutrality rules through its Open Internet order, a federal appeals court has upheld the ruling.The lawsuit challenged the FCC's ability to classify Internet providers as common carriers under Title II regulations, as well as to govern wired and wireless services via the same rules.
    • The FCC's rules prohibit the blocking of legal content, the throttling of legal traffic based on content type, and the creation of "fast lanes" for certain types of content. The rules exclude services such as T-Mobile's BingeOn and Verizon's Go90, which don't count against a user's mobile data cap.
    • Shares of major U.S. ISPs haven't moved much (if at all) in response to the ruling.
    • The full ruling (.pdf)
    • U.S. ISPs/carriers: VZ, T, CMCSA, CVC, S, TMUS, WIN, CTL, FTR
    | Tue, Jun. 14, 10:46 AM | 21 Comments
  • Wed, May 18, 5:44 PM
    • CenturyLink (NYSE:CTL) declares $0.54/share quarterly dividend, in line with previous.
    • Forward yield 8.04%
    • Payable June 14; for shareholders of record May 31; ex-div May 26.
    | Wed, May 18, 5:44 PM | 1 Comment
  • Tue, May 17, 5:41 PM
    • Top gainers, as of 5.25 p.m.: ANDE +19.5%. AGIO +2.5%. CLDX +2.1%. DDD +2.0%. CTL +1.8%.
    • Top losers, as of 5.25p.m.: VIPS -9.8%. AYA -2.1%. FSM -1.9%. LC -1.4%. TVIX -1.2%.
    | Tue, May 17, 5:41 PM | 4 Comments
  • Thu, May 5, 9:12 AM
    | Thu, May 5, 9:12 AM | 2 Comments
  • Wed, May 4, 4:49 PM
    • CenturyLink (NYSE:CTL) managed to beat profit expectations with its Q1 results though revenues declined slightly and guidance was on the light side.
    • Share have fallen 3.1% after hours.
    • Breaking out operating revenues (as reported): Strategic, $2.35B (up 1.5%); Legacy, $1.62B (down 6.4%); Data integration, $116M (down 17.1%); other, $308M (up 19.8%).
    • Revenues by segment: Business, $2.6B (down 3.4%); Consumer, $1.49B (down 0.5%).
    • Operating cash flow of almost $1.7B; free cash flow of $824M.
    • It's guiding to Q2 operating revenues of $4.38B-$4.43B (vs. consensus for $4.42B) and EPS of $0.57-$0.62 (light of an expected $0.63). Operating cash flow is forecast at $1.59B-$1.64B.
    • Conference call to come at 5 p.m. ET.
    • Press Release
    | Wed, May 4, 4:49 PM | 3 Comments
  • Wed, May 4, 4:29 PM
    • CenturyLink (NYSE:CTL): Q1 EPS of $0.71 beats by $0.03.
    • Revenue of $4.4B (-1.1% Y/Y) misses by $30M.
    • Shares -2%.
    • Press Release
    | Wed, May 4, 4:29 PM | 5 Comments
  • Tue, May 3, 5:35 PM
  • Wed, Mar. 30, 10:18 AM
    • CenturyLink (CTL +0.7%) has acquired netAura, a firm specializing in managed security technologies, to shore up its offerings for business and government.
    • Virginia-based NetAura has worked extensively with government agencies and businesses on cybersecurity, security information and event management (SIEM), analytics and vulnerability management, the company says.
    • The move also echoes last month's launch of CenturyLink's Managed Security Services suite, an IT services offering intended to act as the backbone of a customer's security approach.
    | Wed, Mar. 30, 10:18 AM | 2 Comments
  • Tue, Mar. 22, 5:48 PM
    • CenturyLink (NYSE:CTL) will sell $1B of newly issued debt.
    • The offering of unsecured eight-year senior notes is priced at par, with a coupon of 7.5%.
    • The company plans to use proceeds, along with a revolving facility and cash, to fully retire $1.184B in 7.082% bonds issued by its Embarq unit, maturing on June 1.
    • The sale is expected to wrap by April 6.
    | Tue, Mar. 22, 5:48 PM | 3 Comments
  • Thu, Mar. 10, 3:23 PM
    • The FCC has launched a proposal on data privacy that doesn't ban data collection practices, but does require a broad opt-in from consumers.
    • The agency's plan, in the works since it reclassified many providers under net neutrality regulation last year, calls for consumer consent -- many broadband providers collect data without consent -- and for them to disclose their data collection, work to protect personal information and report data breaches.
    • The move stops largely at Internet providers and doesn't extend to sites with broad consumer data collections, including Twitter, Google or Facebook.
    • The move comes a few days after Verizon (NYSE:VZ) settled an FCC privacy probe by agreeing to get consumer consent and pay $1.35M, an amount that suggests the FCC is more concerned about the opt-in than about data collection in general.
    • The proposal goes to an initial March 31 open meeting vote.
    • FCC fact sheet
    • Related tickers: T, VZ, TMUS, S, CMCSA, CHTR, TWC, CVC, CTL, FTR, CCOI, DISH
    • Previously: Verizon paying $1.35M, allowing data opt-outs in privacy probe (Mar. 07 2016)
    | Thu, Mar. 10, 3:23 PM | 15 Comments
  • Mon, Feb. 29, 7:23 PM
    • CenturyLink (CTL +1.4%) today secured a three-year extension of its Networx contract with the government's General Services Administration.
    • The Networx program has the largest telecom contract vehicles ever awarded by the government. CenturyLink's deals tied to the contract were set to expire next spring; but the Networx Universal pact is now extended through March 2020 and Networx Enterprise contract through May 2020.
    • The extension should help ensure a smooth transition for federal agencies into the government's new Enterprise Infrastructure Services contract vehicle, CenturyLink said.
    | Mon, Feb. 29, 7:23 PM
  • Wed, Feb. 24, 8:14 PM
    • Conservative network Newsmax TV has come to carriage deals with CenturyLink (CTL +2.6%) and Alaskan cableco GCI, it says.
    • Terms weren't disclosed. Those deals put Newsmax into a total of nearly 45M homes, combined with its existing agreements with Dish Network and DirecTV.
    • Newsmax -- which competes with Fox News (FOX +1.2%, FOXA +1.4%) and One America for conservative viewers -- struck a launch deal with DirecTV in May 2014.
    | Wed, Feb. 24, 8:14 PM
Company Description
CenturyLink, Inc. is an integrated communications company engaged primarily in providing an array of communications services to residential, business, governmental and wholesale customers. Its communications services include local and long-distance, broadband, private line (including special... More
Sector: Technology
Industry: Telecom Services - Domestic
Country: United States