Thread regarding CenturyLink layoffs

It is no secret Storey wants rid of copper and residential but there is just one really big problem.....there is no company stupid enough to buy it. The plant is in such horrible shape from being neglected the past 10 years, nobody in their right mind would buy it because they would never get their investment back.

So...they have to be creative and figure another way to get rid of it.

My neighbor works at VZ and hasn't heard any purchase rumors. Doesn't mean much, i know. Google took a pretty hard look at Lvl 3 around 2010ish and passed. They wanted more coverage than Lvl 3 had at the time. 3 acquisitions later, maybe the plant is finally large enough? I doubt Google wants to be a phone company though, so maybe after Storey cuts copper loose.

Anything to alleviate the pain of this awful organisation

I thought they said Amazon was looking at CTL a few months ago. I guess they are holding out for Google to make a bid.

Storey will still run CenturyLink. Verizon would just grab the residential fiber.

If there were any legs to this, cutting dividend and stock tanking makes it attractive, sell off copper like they did to Frontier, assets for 5G growth make it a long term win, short term high debt is the problem which Verizon may be able to absorb with yes, selling more buildings and the Copper if they can. Story gets a Golden Parachute like Mueller and a seat on the Board and laughs at everyone.

This is a money maker...they put up the fiber. Now we buy them for cheap after we sold high. VZ can only win.

There is nobody dumb enough to buy this loser.

Doubtful that Verizon would buy Frontier back after spinning them off in 2010.

A Verizon CLink merger wouldn't make it past regulatory review

Been hearing the Verizon rumor for almost 15 years. Each time there is hope someone like Qwest, CenturyLink or Level 3 comes in instead.