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Lumen Technologies, Inc. (formerly CenturyLink) is an American telecommunications company headquartered in Monroe, Louisiana, which offers communications, network services, security, cloud solutions, voice and managed services through its fiber optic and copper networks, as well as its data centers and cloud computing services.
On April 22, 2010, CenturyLink announced it would acquire Qwest in a transaction of 0.1664 shares of CenturyLink common stock for each share of Qwest common stock. CenturyLink shareholders would hold a 50.5% share of ownership in the combined company, while Qwest shareholders would own the remaining 49.5%.
Qwest was a much smaller company in terms of employees and market capitalization when it obtained control of the Regional Bell Operating Company. Because Qwest's stock was trading at very high prices during the dot-com bubble, Qwest was able to purchase the larger firm, and the Bell Operating Company was renamed Qwest Corporation. [14]
Centurylink Inc (NYSE:CTL) reported its latest quarterly earnings results late Wednesday, which saw revenue rise compared to the year-ago quarter.
We can judge whether CenturyLink, Inc. (NYSE:CTL) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better ...
Shares of CenturyLink (CTL) plummeted 13% in Thursday's trading session after the telecommunication company said it would cut its dividend by more than half. While investors — who were certain ...
CenturyLink (CTL) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.
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