FY20 Outlook
Commenting on the 2020 outlook, CFO Neel Dev said, “In 2019, we met all of our key financial outlook measures, highlighted by adjusted EBITDA growth and margin expansion. Our investments and initiatives position us well for 2020, and we expect full year adjusted EBITDA of $9.0 to $9.2 billion, capital expenditures of $3.6 to $3.9 billion and free cash flow of $3.1 to $3.4 billion.”
Other Updates
On January 31, the Monroe, LA based telecom company announced that it had completed an extension and repricing of its senior secured credit facilities originally entered into in June 2017.
In January, CenturyLink secured a task order, worth up to $1.6 billion, to provide secure network services and IT modernization solutions to the U.S. Department of the Interior (DOI). This order covers two areas and has a combined maximum value of $1.6 billion, with 11 one-year options that run through 2032.
CenturyLink stock had gained 2% in the past three months and 4% from this time last year.