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CenturyLink secures spot on Bloomberg's Tech100 list
Fierce Telecom
By Sean Buckley
June 2, 2010
By being named to Bloomberg
BusinessWeek's Tech 100,
CenturyLink's (NYSE: CTL)
profile has risen above its small independent ILEC roots.
Bloomberg's designation comes only two months after
CenturyLink gained a spot on Fortune 500's
largest
CenturyLink, which just
officially changed its name two weeks
ago, is ranked No. 7 and is No. 4 among
A series of key acquisitions has enabled CenturyLink to
transform itself from small town telco and into a major U.S.
ILEC player. While the service provider continually bought out
smaller independent ILECs since current CEO Glen Post took the
helm in the late 1990s, its first big move came in late 2008
when it
acquired the former EMBARQ. Then in
April,
CenturyLink announced it would acquire Qwest
Communications (NYSE: Q).
These acquisitions have immediately expanded CenturyLink's size
and revenue potential. When the former CenturyTel bought EMBARQ,
it tripled its size. And when it wraps its acquisition of Qwest
early next year, CenturyLink will not only double its size, but
it could generate $20 billion in annual revenue.
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