CenturyLink Model Is Working Well In Former Qwest Internet Territory
Thursday, December 1st, 2011Urban markets appear to be responding favourably to former Qwest internet territories where the new CenturyLink operating model is now in place. The company’s model involves decision-making on a local level. In some areas, it is those in mid-level management positions who are making key product decisions and basing them on local competition. It was in April of this year when CenturyLink acquired Qwest for $24 billion in assumed debt and stock. The company now owns 14.8 million land lines in 37 states. There was some concern with its recently-released third-quarter profit reports, which showed a drop of 40%. But the company says that the profit decline was due to increased operating expenses after its Qwest and network operator Savvis acquisitions. And it appears that this decline in profit doesn’t have investors worried, as the company’s stock was up almost 4% the day after the profit report release.