(By Balaseshan) CenturyLink Inc. (NYSE:CTL), which provides range of communications services, said it has recently received two task orders from the Federal Communications Commission (FCC) that could be worth a total of $9.6 million over the next five years.
CenturyLink won a task order to provide Wide Area Network (WAN) services to the FCC, including private line services and Network-Based Internet Protocol Virtual Private Network Services.
The company said the WAN task order was evaluated at $6.99 million over the next five years -- $1.23 million for the first year and $5.76 million over the following four years if all four one-year options are exercised.
The company also won a task order to provide Managed Trusted Internet Protocol Services (MTIPS) to the FCC. The MTIPS task order was evaluated at $2.64 million over the next five years -- $472,000 for the first year and $2.17 million over the following four years if all four one-year options are exercised.
Both task orders were awarded under the General Services Administration's Networx Enterprise contract. GSA's Networx program is the largest telecommunications contract vehicle ever awarded by the federal government.
Both of these task orders will support the deployment of key FCC programs, including the National Broadband Plan, whose goals CenturyLink shares.
CTL is trading up 0.28% at $42.85 on Wednesday. The stock has been trading between $31.16 and $43.43 for the past 52 weeks.
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