CenturyLink said it has no near-term plans to sell off or trade any of its existing assets.
Level 3 Communications CEO Jeff Storey is confident that with the tw telecom acquisition firmly under the company's belt, it can now be a more formidable competitor against his main competitors--AT&T and Verizon--in the business services race. While AT&T and Verizon are still two of the largest enterprise service providers, Level 3 could become an even bigger threat to these carriers for five main reasons.
AT&T and Verizon may be still growing their video service bases, accounting for 11.6 million U.S. pay-TV homes. However, according to a new Leichtman Research Group report, in 2014 that growth slowed to just under 1.1 million from just over 1.4 million in 2013.
A group of the largest telcos, including AT&T, Verizon and CenturyLink, will soon be turning their attention to the General Service Administration's (GSA) Enterprise Infrastructure Solutions (EIS) contract, the follow-on to the multi-billion dollar Networx telecom contract.
While the open-source Android operating system dominates the mobile device market--holding an 80 percent share--Apple's iOS is far and away the preferred device for online video streaming. According to data provided by Verizon Digital Media Services, 64 percent of mobile viewers use iOS to stream video.
Frontier Communications CEO Maggie Wilderotter is going to step down as CEO and is transitioning to an executive chair role in April. Taking over the CEO role is Dan McCarthy, who currently serves as Frontier's president and COO.
Level 3 Communications CEO Jeff Storey has indicated that the strategy by incumbent telcos, namely AT&T and Verizon, to increase their focus on their wireless businesses is helping Level 3 win more deals in the enterprise services space.
Verizon's future growth will come from things like the Internet of Things and over-the-top mobile video--things that some other companies are not even investing in today, the company's CFO Fran Shammo said during an investment conference on Monday.
Verizon recently confirmed that it would sell off its wireline assets in three markets to Frontier, but it appears that the telco would be happy to make similar deals if it found a buyer that would offer the right terms.
The FCC is putting place strident new regulation on wireless and wireline networks in order to stop such practices as throttling traffic and coercing video programmers to make interconnection agreements. However, telco giants AT&T and Verizon say the FCC's new net neutrality rules will merely drive up consumer costs and stifle private investment into networks.