"In 2019, we are shifting our focus from integration to transformation," says CEO Jeff Storey. The company is cutting its leverage target to 2.75x from 3.25x.
Also announced is a plan to protect $7.3B of net operating loss carryforwards via a rights plan.
Shares down 11.35% after hours
Previously: CenturyLink beats by $0.05, revenue in-line (Feb. 13)
Now read: Singtel: A Growth Story »
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