Is 5G the Key to CenturyLink's Turnaround?

Is 5G the Key to CenturyLink's Turnaround?

When many people think of CenturyLink (NYSE: CTL), they think of an old-school regional U.S. telephone company. As landlines and low-bandwidth copper internet are going the way of the dinosaur, these people probably think CenturyLink will follow suit. Certainly, CenturyLink's 15% dividend is telling market participants that there is danger ahead. In addition, CenturyLink recently reported an ugly 7.9% decline in revenue and a 12.5% decline in adjusted EBITDA last quarter, though that was partially (though not completely) affected by the sale of its co-location business earlier this year. 

Yet one analyst, Gabelli's Sergey Dluzhevskiy, thinks the company is misunderstood. Thanks to years of investment and the recent acquisition of Level 3 Communications, the company now has an asset that may prove valuable for future 5G LTE networks -- a global fiber-optic footprint.

Can CenturyLink ever grow again? Image source: Getty Images.

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Source: Fool.com