CenturyLink Board OKs 2-Year, $1B Share Buyback Plan

CenturyLink
CenturyLink‘s (NYSE: CTL) board of directors has approved a plan to repurchase up to $1 billion of the company’s common stock over the next two years. The company intends to fund the purchases with free cash flow generated by the business and start the new initiative after completing its current share buyback initiative in the second quarter of its 2014 fiscal year, CenturyLink said Monday. Additionally,...

CenturyLink Joins Dell Cloud Partner Network; Jeremy Ford, Suku Krishnaraj Comment

Cloud
CenturyLink (NYSE: CTL) has joined a Dell partner ecosystem to offer a range of cloud-based computing, storage and networking services to government and other enterprise clients. CenturyLink will deliver infrastructure-as-a-service and platform-as-a-service offerings from its data centers through Dell’s cloud network program, Dell said Thursday. Suku Krishnaraj, vice president and general manager...

CenturyLink Buys Cloud Platform Provider Tier 3; Jared Wray, Jeff Von Deylen Comment

Cloud
Jared Wray CenturyLink (NYSE: CTL) has moved to bolster its cloud computing portfolio by acquiring Seattle area-based public cloud services provider Tier 3 for an undisclosed sum. Jared Wray, founder and chief technology officer for Tier 3, has joined CenturyLink as CTO for the company’s cloud organization and will lead the cloud development center in Seattle, CenturyLink said Tuesday. Jeff...

CenturyLink Wins Potential $750M DISA Fiber Optic Net IDIQ; Diana Gowen Comments

DianaGowen
Diana Gowen CenturyLink (NYSE: CTL) has won a potential $750 million contract from the Defense Information Systems Agency to install a fiber-optic network for connecting the Defense Department‘s supercomputers and researchers. DISA’s defense information technology contracting organization awarded the Defense Research and Engineering Network III contract as a potential 10-year indefinite-delivery/indefinite-quantity...

Jim Ousley Retiring As Savvis CEO; Glen Post Comments

Jeff Von Deylen
Jeff Von Deylen Jim Ousley will be retire CEO of CenturyLink‘s Savvis subsidiary on April 1 and Jeff Von Deylen will assume Ousley’s role as senior leader of CenturyLink’s data hosting segment, comprising primarily of Savvis operations. Von Deylen, who joined Savvis in 2003 as chief financial officer and board member, will report to CEO Glen Post and continue to hold the title of...

Kevin McCarter Promoted To CenturyLink Region President

KevinMcCarter
Kevin McCarter Kevin McCarter, a vice president and general manager for two CenturyLink (NYSE: CTL) markets, has been promoted to president of the company’s central region. In his new role, McCarter will lead operational, financial and customer experience performance in the territory covering eight states and oversee six market-level VPs and GMs, the company said Thursday. State markets under his...

CenturyLink 4Q Enterprise Network Revenue Up 6%

centurylink logo
CenturyLink (NYSE: CTL) has announced both fourth quarter and full-year financial results to conclude its 2012 fiscal year. Revenue in the enterprise markets-network segment, which works with enterprise and government customers, grew 5.7 percent over the prior year period to $671 million. Recurring revenue grew 4.5 percent year-over-year, representing the fourth straight sequential quarter of recurring...

CenturyLink Promotes Jeff Von Deylen to Lead Savvis; Jim Ousley Comments

Jeff Von Deylen CenturyLink (NYSE: CTL) has promoted Jeff Von Deylen, current senior vice president of global operations and client services for its Savvis subsidiary, to lead the subsidiary as president, effective Wednesday. Jim Ousley CenturyLink said Von Deylen, who joined Savvis in 2003 as chief financial officer and board member, will succeed Bill Fathers, who is leaving the company in March 2013...

Savvis Completes Acquisition of Ciber’s Global IT Outsourcing Business

Savvis, a CenturyLink company (NYSE: CTL), has completed its purchase of client and vendor relationships, infrastructure, technology and facilities assets of Ciber’s (NYSE:CBR) IT Outsourcing business in North America, Europe and India for $6 million in cash. “Savvis’ acquisition of Ciber’s ITO assets enhances and expands our capabilities in areas such as application-management services and...

CenturyLink Subsidiary to Buy Ciber IT Outsourcing Assets; Ousley, Peterschmidt Comment

Savvis, a subsidiary of CenturyLink (NYSE: CTL), has agreed to acquire information technology outsourcing assets from Ciber (NYSE: CBR) for $7 million cash. Savvis said the total transaction price will include additional future consideration in the form of a cash earn-out payment based on results through December 2013. The transaction is expected to close in the fourth quarter of 2012. Savvis intends...

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