Big city data guy takes over from rural telco guy. Louisiana Senators John Kennedy and Bill Cassidy didn't even try to protect jobs by blocking the Century - Level 3 merger. Century, Louisiana's largest company and America's third largest telco, will now be managed by Jeff Storey from Colorado. Predictably, executive jobs will migrate to Denver. Storey never moved from Colorado.
Just a few months ago, Century wrote, "Glen F. Post III will remain CEO until Jan. 1, 2019; then expected to become executive chairman." Century stock has lost one-third of its value over the last nine months, so Storey probably had little trouble convincing the board to make the move early. They also blocked Post from the promised chairmanship.
In a parting shot, the official photos have Storey looking sleek and Post badly in need of a shave.
Century has a goal of 40 megabits to most by 2020. That's probably "up to 40 megabits" and actually less. Their fiber and G.fast plans, modest already, have been cut. They simply aren't competitive with cable, which by 2020 will have a gigabit to 90%.