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Level 3 Communications Inc (LVLT.K)

LVLT.K on New York Consolidated

55.07USD
30 Nov 2016
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Latest Key Developments (Source: Significant Developments)

CenturyLink reaches agreement to sell data centers
Friday, 4 Nov 2016 08:30am EDT 

Centurylink Inc : Centurylink reaches agreement to sell data centers and colocation business to a consortium led by BC Partners and Medina Capital . Centurylink plans to use net proceeds from this sale to partly fund its acquisition of level 3 communications . Centurylink - will receive $2.15 billion in cash and minority stake valued at $150 million in consortium's newly-formed global secure infrastructure company . BC Partners/Medina-led consortium will assume ownership of Centurylink's portfolio of 57 data centers at closing .Centurylink reaches agreement to sell data centers and colocation business to a consortium led by bc partners and medina capital.  Full Article

Level 3 Communications Q2 earnings per share $0.42
Wednesday, 27 Jul 2016 06:50am EDT 

Level 3 Communications Inc : Q2 earnings per share $0.42 . Expect full year 2016 adjusted EBITDA growth of 10 to 12 percent . Sees FY free cash flow of $1.0 to $1.1 billion . Level 3 reports second quarter 2016 results . Q2 revenue $2.056 billion versus I/B/E/S view $2.08 billion . Qtrly diluted earnings per share of $0.41 . Expect full year 2016 adjusted EBITDA growth of 10 to 12 percent and free cash flow of $1.0 to $1.1 billion .Q2 earnings per share view $0.44 -- Thomson Reuters I/B/E/S.  Full Article

Level 3 Communications statement on FCC action to unlock $45 Billion Business Data Services
Thursday, 28 Apr 2016 05:00pm EDT 

Level 3 Communications:Issued the statement below in reaction to steps taken at today's Federal Communications Commission (FCC) meeting to unlock the market for business data services (formerly known as "special access" services).For more than a decade, the FCC has investigated the competitiveness of pricing and terms for business data services.  Full Article

Level 3 Communications Inc updates FY 2016 EBITDA outlook
Thursday, 28 Apr 2016 06:50am EDT 

Level 3 Communications Inc:Expects Fy 2016 adjusted EBITDA growth of 10 to 12 percent, compared to the company's previous outlook of 9 to 12 percent.  Full Article

Level 3 Communications Inc announces pricing of private offering of senior notes
Tuesday, 8 Mar 2016 05:22pm EST 

Level 3 Communications Inc:Says Level 3 Financing Inc, its wholly owned subsidiary has agreed to sell $775 million aggregate principal amount of its 5.25% Senior Notes due 2026.Notes were priced to investors at 100 percent of their principal amount and will mature on March 15, 2026.  Full Article

Level 3 Communications, Inc proposed private offering of senior notes
Tuesday, 8 Mar 2016 06:56am EST 

Level 3 Communications, Inc:Announces proposed private offering of senior notes.Level 3 financing, inc plans to offer $500 million aggregate principal amount of senior notes that will mature in 2026.Net proceeds with cash on hand, to be used to redeem $500 million amount of Level 3 financing, inc.'s 7% senior notes due 2020.  Full Article

Level 3 Communications Inc - Level 3 to pay over $8 mln to settle Massachusetts charges - Reuters
Monday, 7 Mar 2016 01:50pm EST 

Level 3 Communications Inc:To pay more than $8 million to settle false claims allegations in Massachusetts, state says.Settles allegations it improperly withheld rental payments under agreement to run fiber optic cable along state highways.Massachusetts ag says Level 3 to pay about $7 million to the state, and $1.2 million to state's department of transportation.  Full Article

Level 3 Communications, Inc says CEO to take medical leave of Absence
Wednesday, 24 Feb 2016 04:38pm EST 

Level 3 Communications, Inc:CEO to take medical leave of absence.Announced effective immediately, Jeff K. Storey, Level 3's CEO, will take a temporary medical leave of absence.Says sunit patel named as interim CEO.Says storey's leave of absence will be approximately two months.Jeff K. Storey will take a temporary medical leave of absence due to successful surgery for a recently diagnosed heart condition.Storey will return to duty on a limited basis after the 2 months; he is expected to make a full recovery.  Full Article

Level 3 Communications Inc gives FY 2016 guidance
Thursday, 4 Feb 2016 06:50am EST 

Level 3 Communications Inc:Expects both total revenue and Core Network Services revenue growth, excluding UK Government revenue, to be stronger in FY 2016 compared to FY 2015, on a constant currency basis.Expects FY 2016 adjusted EBITDA to grow 9 to 12 percent from a starting point of $2.592 billion, which excludes three quarters of adjusted EBITDA results from the company's Venezuelan subsidiary's operations.  Full Article

Level 3 Communications and Google reach settlement-free interconnection agreement
Friday, 15 Jan 2016 08:00am EST 

Level 3 Communications and Google:Says both have reached a new multi-year, settlement-free interconnection agreement between their global backbone networks that will help both companies meet their customers' needs into the next decade and beyond.Agreement will also facilitate the continued growth of interconnection locations between Level 3 and Google.  Full Article

BRIEF-Centurylink Inc - plans to use net cash proceeds from divestiture to partly fund acquisition of Level 3 Communications

* Centurylink Inc - currently projects that net cash proceeds from data centers and colocation divestiture will be approximately $1.5 billion to $1.7 billion