Immediate boost to the top line
American telecommunications provider CenturyLink (CTL) completed its acquisition of Level 3 in November 2017. The Level 3 acquisition deal is expected to provide CenturyLink meaningful scale in the enterprise space and could give an immediate boost to its top line. The other two leading players in this arena are Verizon (VZ) and AT&T (T).
CenturyLink’s total operating revenues fell ~1.7% YoY (year-over-year) to reach $5.9 billion in the first quarter on a pro forma basis.
Business and Consumer segments: Revenues
CenturyLink (CTL) reported Business segment revenues of $4.38 billion in the first quarter, down from $4.43 billion in the first quarter of 2017 on a pro forma basis. Within the Business segment, the medium and small business revenues decreased to $860.0 million from $901.0 million.
CenturyLink reported gains in its Enterprise as well as International and Global Accounts segments, which rose to ~$1.3 billion and $937.0 million, respectively. Its Wholesale and Indirect segment’s revenues fell to ~$1.3 billion in the first quarter from ~$1.4 billion reported in the first quarter of 2017.
CenturyLink reported Consumer segment revenues of ~$1.4 billion in the first quarter, down from ~$1.5 billion reported in the first quarter of 2017 on a pro forma basis. Its Regulatory segment’s revenues rose YoY to $183.0 million in the first quarter, up from $174.0 million in the first quarter of 2017.
Verizon’s total revenues rose ~6.6% YoY to reach $31.8 billion in the first quarter. AT&T’s total revenues fell ~3.4% YoY to reach $38.0 billion in the first quarter.
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