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It did business as US West, Qwest and CenturyLink and now does so as Lumen Technologies. [7] Pacific Northwest Bell was created on July 1, 1961, when the Bell telephone operations in northern Idaho, Oregon, and Washington state were split off from Pacific Telephone & Telegraph. Prior to 1984, AT&T held an 89.3% stake in Pacific Northwest Bell.
CenturyLink shareholders would hold a 50.5% share of ownership in the combined company, while Qwest shareholders would own the remaining 49.5%. The valuation of CenturyLink's purchase as of April 21, 2010, was $22.4 billion, including the assumption of $11.8 billion of outstanding debt held by Qwest as of December 31, 2009.
CenturyTel/CenturyLink/Lumen: Website: ... CenturyTel acquired the company in 2000, adding 62,650 lines at a cost of $170 million. [3] Proposed sale
CenturyLink ended 2017 with $1.3 billion in net income. [47] By the end of 2018, CenturyLink had $35 billion in long term debt. It determined it had overestimated the value of its goodwill and wrote down a $2.7 billion loss. This resulted in a $1.7 billion loss in net income for 2018. [47]
CenturyLink grew as Century Telephone and later CenturyTel through acquiring many small and mid-size telephone companies. These include: CenturyTel of Adamsville, Inc. d/b/a CenturyLink Adamsville (Mississippi, Tennessee) CenturyTel of Alabama, LLC - formerly part of Contel of the South and Verizon South; CenturyTel of Arkansas, Inc.
CenturyLink of Florida, Inc. is a telephone operating company providing local telephone services in Florida owned by Lumen Technologies. The company was established in 1925, later changing its name to United Telephone Company of Florida upon expansion of the United Telephone System.
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