Acquisition boosts CenturyTel

18 Feb 2008

The US wireline and broadband operator CenturyTel has reported revenues of USD2.66 billion for the full year 2007, up from USD2.6 billion in 2006. Net income increased from USD354.3 million to USD418.4 million. For the fourth quarter of 2007, sales reached USD657.8 million, up from USD607.7 million in Q4 2006, while net profits were up 13.1% to USD89.8 million. The firm had 2.14 million access lines in service at the end of December, up 2% year-on-year thanks to the acquisition of networks in Alabama, Georgia, Illinois and South Carolina from Madison River Communications Corp. The number of ADSL broadband subscribers grew from 369,000 to 555,000 during 2007.

‘CenturyTel achieved strong fourth quarter and full year 2007 results driven by solid demand for broadband services, the acquisition of the Madison River properties and our success in aligning our costs with the changing landscape of our business,’ said Glen F Post, chairman and chief executive officer. ‘We remain focused on our goal of being the premier broadband company in our markets, as high-speed internet customers and data revenues increased 50% and 31% respectively during 2007.’

United States, Lumen Technologies (formerly CenturyLink)