In 1989, Century Telephone Enterprises acquired Universal Telephone, Inc. Earnings had steadily grown each year from their 1983 low, and by 1987 reached nearly US$20 million. In 1987, the stock price nearly doubled from its low that year, and from its old 1982 record high, before falling back by a third in the 1987 stock market crash. Century Telephone sold the operations of War Telephone and two other companies to Colonial Telephone for $4.66 million. But by then, the company had accumulated $206 million in long-term debt. In 1985, both earnings and the stock price had recovered to new record highs. However, the 1983 decline led to a loss of half the value of the company's stock in 1984. In 1982, Century Telephone's earnings peaked at $14 million, then declined in 1983 following the early 1980s recession, and finally began to recover in 1984. In 1981, Century Telephone acquired War Telephone in West Virginia.
The company provided telephone service in parts of 14 states by that time. Ĭentury Telephone performed well during the long bear market of the 1970s, as its stock rose over fourfold. On October 24, 1978, Century Telephone moved to the New York Stock Exchange for the first time and began to trade under the ticker symbol CTL. In 1972, Century Telephone acquired the La Crosse Telephone Corporation, of Wisconsin. In 1971, the company was renamed Century Telephone Enterprises, Inc. Between 19, Clarke gradually moved his headquarters from Marion to Monroe, Louisiana, to access the larger employee base and to be near the airport. Williams served as president and chairman of the board. That year, the company was incorporated as Central Telephone and Electronics.
1967–1999 īy 1967, Oak Ridge Telephone Company served three states with 10,000 access lines. The company remained as a family-operated business until it became incorporated in 1968. Lumen still maintains offices in the former headquarters building. With a loan from business associate Joe Sydney Carter, Clarke purchased the Marion Telephone Company and eventually made it his base of operation as he grew his company through more acquisitions. In 1947, Clarke Williams learned the telephone company in Marion, Louisiana was for sale. In 1946, the Williams' son, Clarke McRae Williams, received ownership of the family's telephone company as a wedding gift. They moved the switchboard to the Williams family front parlor. In 1930, Hogan sold the company, with 75 paid subscribers, to William Clarke and Marie Williams, for $500. The earliest predecessor of Lumen was the Oak Ridge Telephone Company in Oak Ridge, Louisiana, which was owned by F. Lumen also serves global enterprise customers across North America, Latin America, EMEA (Europe, Middle East, and Africa), and Asia Pacific. Its communications services include local and long-distance voice, broadband, Multi-Protocol Label Switching (MPLS), private line (including special access), Ethernet, hosting (including cloud hosting and managed hosting), data integration, video, network, public access, Voice over Internet Protocol (VoIP), information technology, and other ancillary services. The company is a member of the Fortune 500 and the S&P 500 index until 2023. (formerly CenturyLink) is an American telecommunications company headquartered in Monroe, Louisiana, that offers communications, network services, security, cloud solutions, voice, and managed services.
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