Company History

Company History

The 1990s

1990

Clarke M. Williams, Jr., resigned from Century after suffering a stroke. (He died in 1994, following a lengthy illness.)

1992

Century paid $135 million for Central Telephone Company of Ohio, a Centel subsidiary serving more than 65,000 access lines. This acquisition increased Century's access line total by 20 percent.

Glen F. Post, III, was named Vice Chairman of the Board and Chief Executive Officer of Century.

1996

The company surpassed the half million-customer mark in its local exchange operations, and the 100,000-customer mark in its long distance operations.

1997

Century acquired Delta Security Alarm Co., Inc., of Monroe, Louisiana, providing full-service security systems to a customer base of nearly 4,000 residential, commercial and industrial customers in north central Louisiana, southern Arkansas and northwestern Mississippi.

Century completed its largest acquisition to date with the $2.2 billion purchase of Pacific Telecom, Inc. (PTI), gaining about 660,000 telephone access lines in 12 states and doubling its size.

1998

Century announced a three-for-two stock split affected as a 50 percent dividend.

The company acquired Louisiana-based Century Protection Systems, providing full-service security systems to residential, commercial and industrial customers in northeastern Louisiana.

Century added about 89,000 access lines with the $221 million purchase of Ameritech's telephone and directory publishing operations in 19 exchanges in 21 northern and central Wisconsin communities.

1999

Century announced a three-for-two stock split affected as a 50 percent dividend.

The company was admitted to the Standard & Poor's (S&P) 500 Index.

Shareholders voted to change the company's name to CenturyTel, Inc.

Contacts

News media inquiries about CenturyLink should be sent to News.Media@CenturyLink.com

 

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