CenturyLink (CenturyTel/EMBARQ) Reports Third Quarter Earnings

Thursday, November 5th, 2009
|
CenturyLink logo

MONROE, La. — CenturyLink (CenturyTel, Inc., NYSE: CTL) announces operating results for third quarter 2009, which include the effect of the Embarq acquisition completed July 1, 2009.

On the earnings conference call, Glen Post, CenturyLink CEO and President said:

“Total video subscribers as a percentage of primary residential lines is approximately 11%. We also continue to develop our IPTV capabilities in Columbia, Missouri and LaCrosse, Wisconsin. We launched IPTV service in Jefferson City, Missouri which is being served from our video head end in Colombia. We continue to see strong positive customer retention impact with our IPTV offering and we believe there’s also a strong customer relationship between our IPTV and high speed internet offerings. We [can] plan to continue leverage this relationship in future product and bundle offerings.”

Subscriber Data:

                                     Three months   Three months
                                            ended          ended    Increase
                               September 30, 2009  June 30, 2009  (decrease)
                               ------------------  -------------  ----------
Access lines                            7,185,000      7,355,000      (2.3%)
High-speed Internet lines               2,189,000      2,146,000        2.0%

More: Earnings Releases