David Zalubowski, Associated Press
The company logo is displayed on the sign leading to the campus of Level 3 Communications in the northwest Denver suburb of Broomfield on Wednesday, Feb. 7, 2007. Getting your player ready...
Revenue at Broomfield-based Level 3 dipped slightly for the year as the telecom firm readies for its $24 billion takeover by Louisiana’s Century Link.
Level 3 reported 2016 revenue of $8.17 billion, compared to $8.23 billion in 2015. The fourth quarter brought in $2.03 billion, down just a hair from $2.05 billion the previous year.
“With integration planning well underway, we continue to gain excitement about the combination with CenturyLink,” said Jeff Storey, president and CEO of Level 3, in a Wednesday conference call.
Yearly earnings of $677 million were down substantially from a year ago, when they were $3.4 billion. That figure was artificially inflated by a one-time, $3.3 billion tax gain.
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