centurylink inc (CTL) Key Developments
CenturyLink Expands Gigabit Service to La Crosse, Wisconsin
Apr 17 15
CenturyLink, Inc. has announced the launch of 1Gbps fiber-to-the-premises, or FTTP, service for residential and small business customers in La Crosse, Wisconsin. CenturyLink is using fiber-to-the-premises technology to provide access to some of the fastest upload and download Internet speeds currently available in the US Speeds up to 1 Gbps, equivalent to 1,000 Mbps, allow users to stream high-definition video content with little to no delays and download movies, songs and TV shows in seconds. Customers who have multiple devices connected to one Internet connection in the home will have more than enough capacity and speed to support other uses of broadband such as online gaming, home automation, and increasingly important cloud services. Gigabit speeds will help small businesses increase productivity and efficiency while working in the cloud, sharing multimedia files, streaming video content and backing-up data in real-time.
CenturyLink, Inc. Announces Executive Changes
Apr 2 15
CenturyLink, Inc. announced that John F. Jones has been named CenturyLink's senior vice president of public policy and government relations effective immediately. He succeeds Steve Davis, who is retiring. Jones previously served as CenturyLink's vice president of public policy and federal legislative affairs.
CenturyLink Plans to Expand Prism IPTV Service to Denver
Mar 28 15
CenturyLink plans to expand its Prism IPTV service to Denver residents following approval from the City Council for a ten-year video franchise agreement with the telco earlier. Presently, Colorado customers get access to Prism in other areas of the state, to include Jefferson County, Douglas County and Colorado Springs. Denver is one among few communities that can receive IPTV as well as CenturyLink's 1 Gbps fibre-to-the-home service.
CenturyLink, Inc. Officially Opens Technology Center of Excellence
Mar 24 15
CenturyLink, Inc. opened the CenturyLink Technology Center of Excellence at its corporate headquarters campus in Monroe, La. The CenturyLink Technology Center of Excellence includes a technology research and development lab, a network operations center and collaborative office and meeting space. In the Center, employees with network, cloud, information technology and other skills will work together to create innovative products and services for CenturyLink's customers. Technology Center included an open house of the three-story, 300,000-square-foot facility. Employees will begin moving into the Technology Center March 26. The design of the Technology Center included a master plan for the site, substantial utility relocations, a 300,000-square-foot facility, and a five-story parking structure to accommodate more than 1,000 vehicles. The process also yielded a 2.2 acre landscaped courtyard designed to unite the new Technology Center with the existing 365,000-square-foot headquarters building. The building also incorporates 37,000 square feet of View Dynamic Glass.
CenturyLink Plans Private Offering of Senior Notes
Mar 21 15
CenturyLink reported that it intends, subject to market and other conditions, to offer up to $500 million aggregate principal amount of fixed-rate senior
notes with a ten-year maturity through a private offering exempt from registration under the Securities Act of 1933, as amended. The actual amount and maturity of the debt securities, if any, sold by CenturyLink in connection with the offering will depend on market conditions. CenturyLink has not yet entered into a definitive purchase agreement with respect to the offering, and no assurance can be given that such offering will be completed. CenturyLink plans to use these net proceeds to repay a portion of the indebtedness outstanding under its revolving credit facility, a portion of which CenturyLink incurred to repay its senior notes that matured in mid-February 2015.