Centurylink Inc (NYSE:CTL) Gets A Spot On The GSA EIS Program

CenturyLink Inc

Centurylink Inc (NYSE:CTL) recently won a spot on the GSA’s 15-year, Enterprise Infrastructure Solutions program worth $50 billion. It is a multiple-award deal vehicle for federal government agencies to buy information technology as well as telecommunications infrastructure services.

The details

EIS is an IDIQ plan that works as the follow on to Networx, WITS3 and regional telecomm services contracts. An existing Networx contract holder, CenturyLink’s Networx Enterprise and Universal deals were extended through the close of March 2020 and the close of May 2020, correspondingly, to offer federal agencies substantial time to transition services to EIS from Networx.

Erich Sanchack, the SVP and GM, Federal Solutions with Centurylink, reported that GSA’s selection of company as an EIS provider validates that they provide federal agencies good value and the perfect mix of secure cloud, IT, network and cybersecurity solutions. CenturyLink intends to support agencies in their journey of digital transformation as they update their IT infrastructure through EIS.

The EIS program is a key part of GSA’s Network Services 2020 plan, which intends to offer federal agencies the agility and flexibility to migrate to modern telecomm and IT services that fulfill government security standards.

By supplying cloud, managed hosting, IT and cybersecurity services on its carrier-class network, the company offers government agencies with the reliability and security they require to carry out their key missions.

In unrelated news, Centurylink reported that it expects growth in strategic revenues to counterbalance anticipated drops in legacy revenues in third quarter of 2017 as against Q2 2017 excluding around $50 million of colocation revenue posted in second quarter 2017. The firm anticipates a slight jump in Q3 2017 adjusted EBITDA as against second quarter 2017 report. In Q3 2017, adjusted free cash flow is expected to increase because of the timing of cash tax and cash interest payments, along with a projected drop in the level of capital expenditures in Q3 2017 versus second quarter of 2017.

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