CenturyLink's Level 3 acquisition kills jobs at Infinera [telecom]

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CenturyLink's completion of its Level 3 acquisition is affecting
Infinera, which is going to reduce its workforce by 10% as capex
spending remains in limbo.

Tom Fallon, CEO of Infinera, told investors during its third-quarter
earnings call that the overall consolidation of the service provider
market, including CenturyLink acquiring Level 3, is posing near-term
challenges for the optical networking company.

https://www.fiercetelecom.com/telecom/centurylink-level-3-combination-kills-jobs-at-infinera

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Bill Horne
(Remove QRM from my email address to write to me directly)

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