CenturyLink Execs Got Post-Level 3 Payouts, Then Cut Bonuses, Raises
Last month, CenturyLink told workers that it wouldn’t be offering a holiday bonus as it has before because of reductions in operating cash flow.
Last month, CenturyLink told workers that it wouldn’t be offering a holiday bonus as it has before because of reductions in operating cash flow.
An independent committee interviewed more than 200 current and former CenturyLink employees.
CenturyLink CEO Glen Post says allegations that his company defrauded its customers “go against everything we stand for as a company.”
The new product is available in 35 markets.
The transaction increases CenturyLink’s network by 200,000 route miles of fiber, which includes 64,000 route miles in 350 metropolitan areas and 33,000 subsea route miles connecting multiple continents.
Communications giant CenturyLink this week reported that profit rose 2.6 percent – to $239 million – in the fourth quarter of 2014, but a decline in legacy services contributed to the company’s sixth consecutive quarter of falling revenue. After the earnings news released, the company’s stock price slipped about 5 percent on Thursday, but has […]
Several class action lawsuits have been filed claiming that the company made "false and misleading" statements concerning its dividend cuts.
Particularly strong was the Enterprise Markets-Network segment, which saw revenues climb by 7.2 percent over Q3 2011, driven by high-bandwidth offerings such as MPLS and Ethernet services.
Last fall, CenturyTel (CTL) announced it would buy Embarq (EQ) in a $5.8 billion stock swap. The merger is expected to close at the end of the second quarter, but the companies have not yet detailed their intentions for indirect channel operations. “We haven’t finalized the strategy for alternate channels for the new, combined company simply because […]
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