With its combination with Level 3 still working its way through the regulatory process, CenturyLink is still out there making inorganic moves. Today they acquired SEAL Consulting, which specializes in the implementation of SAP solutions.
CenturyLink already works with SAP, offering premium services to the SAP HANA Enterprise Cloud. The acquisition of SEAL Consulting will boost those capabilities, bringing in additional talent and customers and further filling out the company's IT solutions portfolio.
We have been watching CenturyLink make its choices lately regarding where it will seek future growth. The ILEC side is still there of course, but if 5G turns out to be a last mile alternative then they may face local competition from more than just cable when it comes to the consumer markets, even as it may boost their wholesale opportunities in cell backhaul. They've made plans to sell off their actual data centers, but are still adding to their IT and cloud solutions teams nonetheless. And of course, they are adding much more fiber and large enterprise/wholesale data to their diet with the Level 3 deal. So that's what it will be: network from fiber all the way up the stack, cloud/IT services rather than space and power, and a growing focus on larger enterprises with the necessary wholesale component.