Lumen Technologies
Lumen Technologies offers communications, network services, security, cloud solutions, voice, and managed services. The company is a member of the S&P 500 index and the Fortune 500. Lumen also serves global enterprise customers across North America, Latin America, EMEA, and Asia Pacific.
About Lumen Technologies in brief
Lumen Technologies offers communications, network services, security, cloud solutions, voice, and managed services. The company is a member of the S&P 500 index and the Fortune 500. Lumen also serves global enterprise customers across North America, Latin America, EMEA, and Asia Pacific. The earliest predecessor of Lumen was the Oak Ridge Telephone Company in Oak Ridge, Louisiana, which was owned by F. E. Hogan, Sr. In 1930, Hogan sold the company, with 75 paid subscribers, to William Clarke and Marie Williams, for USD 500. In 1946, the Williams’ son, Clarke McRae Williams, received ownership of the family’s telephone company as a wedding gift. In 1947, Clarke Williams learned the telephone company in Marion, Louisiana was for sale. 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 1971, the company was renamed as Century Telephone Enterprises, Inc. In 1981, Century Telephone acquired War Telephone in West Virginia. 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. Earnings had steadily grown each year from their 1983 low, and by 1987 reached nearly US$20 million. In 1989, Century telephone Enterprises acquired Universal Telephone, Inc for US$90 million in cash.
By 1995, CenturyTelephone Enterprises had accumulated USD 206 million in long-term debt. But the company continued to grow as well, reaching US$623 million that year. In 1997, Century Telephone acquired Delta Security Co. Inc of Monroe, Louisiana, its largest acquisition until that time, until its acquisition of Alarm Inc of Louisiana, the largest acquisition of that year until its biggest acquisition of all time, in 2008. In 2009, the Lumen board named Glen F. Post III Chief Executive Officer and, named Vice Chairman of the Board of Century Telephone. In 2010, the board named Clarke M. Williams as president and chairman of the board. In 2011, Clarke moved the company’s headquarters from Marion to Monroe, Louisiana to access the larger employee base and to be near the airport. In 2012, Clarke gradually moved his headquarters to Monroe. In 2013, Clarke and his wife moved the headquarters from Monroe to New Orleans. In 2014, Clarke became the president and CEO of the company. In 2015, Clarke was named the president of the Century Telephone Board of Directors. In 2016, Clarke served as president of Century Television and Chairman of the Century Telecom Entertainment Board of Executives and served as the chairman of the Centre Telecommunications Board of Governors of the Lumen Corporation of Lumen until the end of the year. The company was incorporated as Central Telephone and Electronics in 1968.
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