CenturyLink reports fourth quarter gains

26 Feb 2010

US-based broadband and fixed line operator CenturyLink has reported net profit of USD286.7 million for the three month period ended 31 December 2009, up from USD269.3 million in the previous quarter. The operator, which was formed in July 2009 through the merger of CenturyTel and EMBARQ, also reported a slight decline in revenues in the fourth quarter, down to USD1.84 billion from USD1.87 billion in 3Q09. The company ended the year with 7.04 million access lines in service and a broadband customer base of 2.24 million, compared to 7.19 million and 2.19 million three months earlier respectively. Glen Post, CenturyLink chief executive officer and president, said: ‘CenturyLink continued to make solid progress with the Embarq integration and the implementation of our local-focused regional operating model as access line loss improved to an 8.6% annualised rate in the second half of 2009 compared to a 9.8% pro forma annualised rate in the second half of 2008.’

United States, Lumen Technologies (incl. CenturyLink)