Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Centurylink Inc    CTL

Delayed Quote. Delayed  - 10/25 10:01:12 pm
28.45 USD   +0.46%
10/25 VERIZON COMMUNI : seeks to save Sprint from paying $12.5 million to ..
10/21 CENTURYLINK : Broadband providers, lawmakers discuss obstacles to ex..
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Verizon Communications : seeks to save Sprint from paying $12.5 million to CenturyLink

share with twitter share with LinkedIn share with facebook
share via e-mail
10/25/2016 | 06:31pm CEST

Sprint Communications Co. has found an ally in Verizon Communications Inc. as the latter calls for an appellate court to nullify the decision of a lower court in relation to the case brought by CenturyLink Inc.

Verizon has filed a motion seeking leave to file an amicus brief to back up allegations of Sprint, pressing the Fifth Circuit to invalidate the $12.5 million fees imposed by the lower court in favor of CenturyLink. In its statement, Verizon noted that Sprint committed no violation or breach of the Communications Act. This means that CenturyLink had no right to seek an order or file complaints to the Federal Communications Commission (FCC), Verizon argued.

According to the guideline of FCC, clients who fail to pay fees incurred under a carriers tariff are not punishable under the provisions of the Communications Act. Hence, CenturyLink erred in its move to involve the FCC in the dispute with Sprint. With this in mind, Verizon is putting forward the opinion that the lower court should not have granted a $12.5 million fee in relation to the case between Sprint and CenturyLink.

The brief from Verizon came after U.S. District Judge Robert G. James issued a ruling siding with CenturyLink and ordered Sprint to pay up $12.5 million in fees to the local units of the telecommunications company. In his decision, the Louisiana federal judge declared Sprints assertions in its refusal to for the fees charged in connecting Voice Over Internet Protocol (VOIP) calls to local networks to be invalid.

James ruled Sprint was required by law to fulfill his obligations in its agreement with CenturyLink by paying federal and state telecommunications tariffs. Since Sprint benefited from the use of the local units telephone network facilities in completing long distance calls, they are obligated to compensate for the services.

In their brief, however, Verizon said the district courts ruling failed to follow the guidelines set forth by FCC. Cases of similar nature filed and decided upon prior to this one also showed a different application of the rules, according to Verizon. In effect, this latest ruling on the matter, which it labelled as inconsistent with FCC precedent, would undoubtedly cause confusion in future disputes or concerns in the communication industry.

The district courts contrary ruling is inconsistent with FCC precedent and, by extending the narrow attorney-fee-shifting provision in the Communications Act, would dramatically alter well-accepted practices in the communications industry, Verizon stated in the amicus brief it submitted, according to Law 360.

In response to the brief from Verizon, the plaintiffs noted the company failed to produce any substantial evidence to prove their claims. CenturyLink also alleged that Verizons interest in the matter stemmed from their fear of getting penalized under the same situation. That is, CenturyLink alleged Verizon to be committing the same practices as Sprint.

Apparently, recognizing that an appeal is not the time and place to supplement the trial record as to just how `standard` this industry practice really is, Verizon cites no evidence in support of this assertion, said CenturyLink in their brief via Law 360. "The record on which the district court based its decision, however, does include trial testimony by one of Sprints witnesses that Verizon has engaged in the same type of self-help of which CenturyLink complained.

(c) 2016 Emirates News Agency (WAM) Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on CENTURYLINK INC
10/25 VERIZON COMMUNICATIONS : seeks to save Sprint from paying $12.5 million to Centu..
10/21 CENTURYLINK : Broadband providers, lawmakers discuss obstacles to expanding inte..
10/19 CENTURYLINK : Miscommunication puts big delays on major road construction
10/14 Tata Communications appoints James Parker as president of global sales
10/12 CENTURYLINK : Democrats Press the FCC to Recognize New Competitors in BDS Rulema..
10/12 CENTURYLINK : Broadband Forum focuses on the business end of NFV at SDN World Co..
10/11 CENTURYLINK : offers Gigabit broadband to 14,000 MTUs in 600 cities
10/10 CENTURYLINK : announces gigabit service now available to 14,000 MTUs in its foot..
10/08 AT&T : Enters CenturyLink Market with Competitive AT&T Broadband Wireless Servic..
More news
Sector news : Integrated Telecommunications Services - NEC
10/25 EU to investigate Czech telecoms operators' network-sharing deal
10/25DJStocks Fall on Mixed Earnings Reports
10/25DJORANGE : Profit Up as International Sales Grow -- 2nd Update
10/25DJORANGE : Profit Up as International Sales Grow -- Update
10/23 AT&T-Time Warner may signal start of new media industry consolidation
More sector news : Integrated Telecommunications Services - NEC
News from SeekingAlpha
07:40a Portfolio Update Heading Into Q3
10/25 Renewed Focus On Telecom Infrastructure Should Help Some Players
10/25 It's No Sin To Gain 22% Additional Profit From The Reynolds/BAT Merger
10/21 Dividend Growth Investing To Fill-The-Gap
10/18 Why Bother Monitoring Your Portfolio If You're Not Going To Manage It?
Financials ($)
Sales 2016 17 551 M
EBIT 2016 2 885 M
Net income 2016 818 M
Debt 2016 19 419 M
Yield 2016 7,55%
P/E ratio 2016 19,12
P/E ratio 2017 19,63
EV / Sales 2016 1,99x
EV / Sales 2017 1,99x
Capitalization 15 533 M
More Financials
Duration : Period :
Centurylink Inc Technical Analysis Chart | CTL | US1567001060 | 4-Traders
Full-screen chart
Technical analysis trends CENTURYLINK INC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 16
Average target price 29,8 $
Spread / Average Target 4,6%
Consensus details
EPS Revisions
More Estimates Revisions
Glen F. Post President, Chief Executive Officer & Director
William Arthur Owens Non-Executive Chairman
R. Stewart Ewing Chief Financial Officer & Executive Vice President
William E. Bradley Chief Information Officer & Senior Vice President
Aamir Hussain Chief Technology Officer & Executive VP
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TELEFONICA SA-9.83%49 240
More Results