CenturyLink Channel Leader Wants Channel To Become Fastest Growing Unit

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Post referenced the closing of its Level 3 deal earlier in the week, saying that the combination will create a powerful, global network.

"Together, we have a compelling set of assets, the scale to compete globally and the opportunity to drive significant operational efficiencies. With more on-net capacity than ever before, a strong sales force and leading products, we are more confident than ever in our ability to gain market share in the months ahead," Post said.

Storey addressed shareholders and analysts by reminded the audience that the newly combined company would focus primarily on business services. The companies believe that together, CenturyLink's enterprise revenues will rebound.

"The indirect channel at Level 3 was the fastest growing enterprise business in the company," Miller said. "We want that same thing to happen on the CenturyLink side where we become the fastest growing piece of the overall business."

Consumer revenues also took a hit during the third quarter, falling 5.8 percent from $1.47 billion down to $1.39 billion during the quarter, due to declining legacy voice revenues and lower broadband and video revenues, according to the carrier.

For the quarter that ended Sept 30, operating revenues fell 8 percent to $4.03 billion during the third quarter compared to $4.38 billion in the year-ago quarter. The carrier earned a diluted $0.17 per share compared to $0.28 a share a year ago, representing a decline of 39 percent.

Net income for the quarter was $92 million, falling from $152 million in Q3 2017.

Storey also took to its earnings call to share Level 3's positive third-quarter results. The Broomfield, Colo.-based provider, reported total revenues of $2.059 billion for the quarter, up from its Q3 2016 result of $2.03 billion. Total Core Network Services (CNS) revenue was $1.963 billion in Q3, which was up 1.8 percent year-over-year, according to Storey.

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