It has been over a year since the former CenturyTel announced its intention to purchase the much larger Tier 2 telco EMBARQ, but it really wasn't until July that the new ILEC officially was minted with a new name and logo.
It appears that CenturyTel's creation of CenturyLink gave a lift in the third-quarter as the company reported that profits shot up to $280.8 million from $84.7 million, or 83 cents per share, in Q3 2008. What's more, CenturyLink's operating revenue climbed to $1.87 billion from $650.1 million in 2008. This figure includes $1.3 in revenue from the former EMBARQ.
Along with seeing an uptick in its profits, CenturyLink also fared well in expanding its broadband penetration and line loss improvements. Broadband continues to grow for CenturyLink. In the third quarter of 2009, CenturyLink added more than 43,500 new high-speed Internet customers, a 52 percent increase over the company's pro forma second quarter growth of 28,600 customers.
Access line erosion was also down with the achievement of 9 and 16 percent improvement in the third quarter compared to pro forma second quarter 2009 and pro forma Q3 2008 line losses, respectively.
The other question of course, is how is the integration of the former EMBARQ and CenturyLink going? Unlike the struggles of FairPoint, CenturyLink is actually making continued progress in integrating EMBARQ's operations into its own fold. To be fair, as one reader pointed out In October, the company said it completed financial and human resource system conversions, initial billing and customer care system conversion in addition to launching the CenturyLink brand in its 33-state territory.