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CenturyLink raises FY outlook after strong synergies in H1 from Level 3 merger

Thursday 9 August 2018 | 10:43 CET | News
CenturyLink increased its outlook for full-year adjusted EBITDA and free cash flow, driven by synergies achieved in the first half from its merger with Level 3. Revenues were still down in the second quarter, due in part to accounting changes, by 2.3 percent on a pro forma basis to USD 5.90 billion. Adjusted EBITDA for the quarter rose 5.3 percent to USD 5.11 billion, and free cash flow jumped to USD 811 million from USD 82 million. The company's net profit rose to USD 292 million from USD 69 million.

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Categories: Fixed
Companies: CenturyLink
Countries: United States / World
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