The FCC’s Universal Service Fund overhaul should be manageable for...
The FCC’s Universal Service Fund overhaul should be manageable for CenturyLink, though the company will have a better understanding after it sees the full order, CEO Glen Post said during the company’s Q3 earnings call Wednesday. In the long run,…
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the company would benefit from the revamp, he said. CenturyLink’s Q3 profit fell 40 percent year-over-year to $140 million on acquisition-related expenses, though the company posted higher revenue versus the same period last year. The most recent acquisition is cloud computing firm Savvis for $2.5 billion in cash and stock plus net debt of some $700 million. The cloud computing unit continued to expand its data centers, adding space in two cities in Q3, with plans to expand into three new cities in Q4. The company continued to shed access lines. It posted a reduction in line loss of over 20 percent versus the same period last year. As of the end of September, CenturyLink had 14.8 million access lines, down from more than 15 million at the end of Q2 2011. But the line loss was offset by a net increase of 57,000 in the number of high-speed Internet customers in the quarter. The company continued expanding its fiber to the tower initiative, adding some 1,000 fiber builds. It ended the quarter with some 8,900 fiber-connected towers and plans to complete some 900 additional sites by the end of the year. The fiber buildout is helping the company roll out its IPTV services, Post said. About 70 percent of CenturyLink’s IPTV customers subscribe to a triple-play voice, video and data bundle.