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CenturyLink cuts dividend, plans more cost-cutting to accelerate debt reduction

Thursday 14 February 2019 | 10:51 CET | News
CenturyLink has cut its dividend in order to focus more on reducing its debt. The company also reported a net loss of USD 1.73 billion for the fourth quarter of 2018 after writing down the value of its consumer business. CenturyLink said it achieved the synergies from the Level 3 takeover and integration two years earlier than planned in 2018 and from this year will focus on transforming the business for profitable growth. 

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Categories: Fixed
Companies: CenturyLink
Countries: United States
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