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CenturyLink (CTL) Launches Innovative Service Offerings

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In an attempt to provide enterprise customers with better control over their networks, CenturyLink, Inc. has unveiled Cloud Connect Dynamic Connections. This advanced solution enables organizations to seamlessly self-provision connections on-demand through a secure portal while connecting their locations and data centers to cloud service providers.

CenturyLink’s Cloud Connect Dynamic Connections solution is available across many locations in North America, Asia Pacific and Europe as well as on Amazon Web Services. It enables the company to provide real-time network connections between enterprise locations, public data centers and cloud service providers while enabling creation and deletion of private Ethernet connections.

CenturyLink's global network and hybrid cloud management solutions makes the cloud ecosystem easier for enterprises to leverage. Globally, customers can connect locations on the company’s strong fiber network spanning more than 2,200 public and private data centers and above 100,000 on-net enterprise buildings to cloud service providers. The company offers a complete portfolio of solutions for cloud connectivity. Its global access and extensive Wavelength, Ethernet and IP VPN connectivity options are designed to meet today’s hybrid cloud requirements.

CenturyLink expects its Managed Office and Managed Enterprise Solutions to continue gaining traction and drive revenue growth on the back of increasing demands from small and large business customers. It continues to expand its fiber-based backhaul services and focuses on establishing itself as a global leader in cloud infrastructure and hosted IT solutions space. The company’s strong network capabilities, integrated hosting and network solutions are likely to promote growth in the cloud business.

We believe that such coveted service offerings will continue to accelerate the revenue generating stream of the company that witnessed a compound annual growth rate of 20.9% from 2007 to 2017. For full-year 2018, CenturyLink has raised its adjusted EBITDA, free cash flow and free cash flow after dividends guidance on favorable growth dynamics. Adjusted EBITDA is anticipated in the range of $9.00-$9.15 billion, up from the previous view of $8.75-$8.95 billion. Free cash flow is expected in the range of $3.60-$3.80 billion, up from $3.15-$3.35 billion expected earlier. Free cash flow after dividends is projected between $1.30 billion and $1.50 billion, up from the previous expected range of $0.85-$1.05 billion.

Other players in the industry include United States Cellular Corporation (USM - Free Report) , Cogent Communications Holdings, Inc. (CCOI - Free Report) and ATN International, Inc. (ATNI - Free Report) .

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