CenturyLink Capex pegged at around $3 billion for 2013

CenturyLink Capex (capital expenditure) for 2013 will be around $3 billion.

The U.S. telecom service provider on Wednesday said its second quarter operating revenues declined to $4.53 billion from $4.61 billion.

The dip in revenues was driven by lower legacy services revenues primarily due to the impact of access line losses and lower access revenues.

“Our cross-selling initiatives in our managed hosting segment are gaining traction and driving results,” said Glen F. Post III, chief executive officer and president.


CenturyLink added 12,200 CenturyLink Prism TV subscribers during second quarter, ending the quarter with more than 132,000 customers.

It has 5.913 million high-speed Internet subscribers in service, a decline of approximately 8,400 subscribers in second quarter 2013 due to seasonality and weaker than expected indirect sales.

CenturyLink’s adjusted net income for second quarter 2013 increased to $417 million from adjusted net income of $403 million in second quarter 2012.

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