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Century Link

CenturyLink, Inc
Formerly called
Central Telephone and Electronics, Inc.
Century Telephone Enterprises, Inc.
CenturyTel, Inc.
Public
Traded as CTL
S&P 500 Component
Industry Telecommunications
Founded 1930
Headquarters Monroe, Louisiana,
United States
Area served
Worldwide
Key people
Glen F. Post, III (CEO)
William Owens, Chairman
Services Fixed-line telephony, Fiber-optic broadband and fixed-line internet services, digital television, network services, /Prism TV, and Internet hosting service
Revenue DecreaseUS$ 17.900 billion (2015)
IncreaseUS$ 2.605 billion (2015)
IncreaseUS$ 878 million (2015)
Total assets DecreaseUS$ 47.604 billion (2015)
Total equity DecreaseUS$ 14.060 billion (2015
Number of employees
Decrease 43,000 (2015)
Subsidiaries CenturyTel companies
Embarq
Qwest
Savvis
Website centurylink.com

CenturyLink, Inc. is an American telecommunications company, headquartered in Monroe, Louisiana, that provides communications and data services to residential, business, governmental, and wholesale customers in 37 states. A member of the S&P 500 index, the company operates as a local exchange carrier and Internet access provider in U.S. markets and is the third-largest telecommunications company in the United States in terms of lines served, behind AT&T and Verizon. It also provides long distance service.

The earliest predecessor of CenturyLink was the Oak Ridge Telephone Company in Oak Ridge, Louisiana, which was owned by F. E. Hogan, Sr. In 1930, Hogan sold the company, with 75 paid subscribers, to William Clarke and Marie Williams, for $500. They moved the switchboard to the Williams family front parlor. In 1946, the Williams' son, Clarke McRae Williams, received ownership of the family's telephone company as a wedding gift. In 1947, Clarke Williams learned the telephone company in Marion, Louisiana was for sale. With a loan from business associate Joe Sydney Carter, Clarke purchased the Marion Telephone Company and eventually made it his base of operation as he grew his company through more acquisitions. CenturyLink still maintains offices in the former headquarters building. The company remained as a family-operated business until it became incorporated in 1968.

By 1967, Oak Ridge Telephone Company served three states with 10,000 access lines. That year the company was incorporated as Central Telephone and Electronics. Clarke M. Williams served as president and chairman of the board. Between 1972 and 1975, Clarke gradually moved his headquarters from Marion to Monroe, Louisiana, to access the larger employee base and to be near the airport.


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