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4-Traders Homepage  >  Equities  >  Nyse  >  Level 3 Communications, Inc.    LVLT

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Level 3 Vet Edward Morche to Serve as CenturyLink Federal Unit President After Merger

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06/24/2017 | 12:26pm CEST

Edward Morche, a 16-year Level 3 Communications (NYSE: LVLT) veteran, will serve as president of strategic enterprise, federal government and state government business unit at CenturyLink (NYSE: CTL) once the Monroe, Louisiana-based telecommunications firm completes its pending $34 billion acquisition of Level 3.

Morche will directly report to Jeff Storey, recently appointed president and chief operating officer at CenturyLink, and oversee accounts related to federal and state government, research networks and educational institutions, CenturyLink said Thursday.

Morche worked at communications infrastructure services provider Zayo Group (NYSE: ZAYO) as head of sales and resigned after a month in the role to rejoin Level 3 on July 5.

He previously served as senior vice president for East region enterprise sales and government markets at Level 3 between 2013 and 2015 prior to his promotion to group VP for the firms regional and government enterprise sales in North America.

Prior to Level 3, Morche held senior leadership positions at Igaea Communications, Teleglobe, Global One, Sprint International and Sprint Corp.

Morche is one of the presidents of five business units that will report to Storey and those other units include global accounts management and international; small and midsize business, local government and education; wholesale and indirect; and consumer.

Shareholders at both companies separately approved the planned merger in March and the firms expect to complete the transaction by the end of September.

(c) 2017 | NMH Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 8 270 M
EBIT 2017 1 407 M
Net income 2017 517 M
Debt 2017 5 855 M
Yield 2017 -
P/E ratio 2017 42,45
P/E ratio 2018 34,36
EV / Sales 2017 3,33x
EV / Sales 2018 3,16x
Capitalization 21 705 M
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Level 3 Communications, In Technical Analysis Chart | LVLT | US52729N3089 | 4-Traders
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Consensus
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Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 62,3 $
Spread / Average Target 3,7%
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Managers
NameTitle
Jeffrey K. Storey President, Chief Executive Officer & Director
James Oren Ellis Chairman
Sunit S. Patel Chief Financial Officer & Executive Vice President
Atilla Tinic Chief Information Officer
Andrew Dugan Chief Technology Officer
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