Dialing Into CenturyLink
AT&T (T) and Verizon (VZ) get most of the press and all of the fuss. Judging by their performances this year, it's easy to understand why the top two domestic telecom carriers get most of the focus. But it looks like there is room for a third competitor. I am a proponent of owning either T or VZ, and I opt for T. I also believe, however, one of these two should be paired with the current No. 3 carrier, CenturyLink (CTL).
CTL has not exactly been sneaking up on No. 1 and No. 2. Major acquisitions over the past few years, including Qwest and Savvis, have kept it in the headlines; however, it's still off the screen of many yield-seeking investors. I do not believe T or VZ view CTL as a huge threat. In other words, I don't believe there is any near-term possibility of CTL moving up from its No. 3 spot. Still, a five- year, $233 million deal from the Social Security Administration and the move to acquire Savvis will garner attention....228 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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