CenturyLink to accept FCC Connect America Funds
Company committed to deploying broadband in Colorado
COLORADO SPRINGS, Colo., July 26, 2012
COLORADO SPRINGS, Colo., July 26, 2012 /PRNewswire/ --CenturyLink, Inc.
(NYSE: CTL) announced today that it will accept $35 million from the Federal
Communications Commission's Connect America Fund (CAF) to deploy broadband
service to 45,000 homes in unserved rural areas in multiple states. In
Colorado, the company will receive more than $6 million in CAF Phase I funding
to bring broadband service to more than 8,000 homes.
CenturyLink was eligible for nearly $90 million in CAF Phase I funding.
However, restrictions on the use of the CAF 1 funds made further deployment
"CenturyLink is excited to be able to work with the FCC to bring broadband
services to thousands of homes for the first time. In addition to the
incremental CAF funding, we are investing millions of dollars of our own money
to bring robust broadband services to more customers because we believe these
services will bring essential educational and economic opportunities to
high-cost, rural areas of the country," said Steve Davis, CenturyLink
executive vice president for public policy and government relations.
"We are disappointed that restrictions on the use of these funds will not
allow us to deploy rural broadband services to the extent we had originally
anticipated," Davis said. "However, we share the FCC's overall goal of
deploying needed facilities in high-cost areas where reliable and affordable
broadband service is not available. Therefore, we will continue working with
the FCC to find ways to efficiently and effectively use additional CAF 1 funds
to provide broadband services to our rural customers."
"CenturyLink is a broadband leader in Colorado and we've made significant
investments here within the last several years. However, we still face
deployment challenges in some of our unserved, high-cost areas," said Kenny
Wyatt, CenturyLink's region president for the Mountain Region. "We are excited
that if the FCC waiver is granted, we will be able to invest a total of $14
million over the next three years in Colorado. This investment reflects not
only the federal support, but also a significant matching investment from
CenturyLink for unserved markets in Colorado. We believe this funding will
enable us to bring broadband to as many as 18,000 households in unserved,
rural areas of Colorado. This investment will play a significant role in
Colorado's broadband future. CenturyLink shares the FCC's goal of bringing
broadband services to consumers, businesses and anchor institutions that will
improve education, telemedicine and economic development in our local
CenturyLink has filed a waiver application which, if granted, would allow it
to deploy broadband services to approximately 60,000 more homes nationally in
high-cost areas where reliable and affordable service is currently not
available. This waiver has been supported by the Washington Public Service
Commission, the Minnesota Department of Commerce and other state agencies.
CenturyLink is the third largest telecommunications company in the United
States. The company provides broadband, voice, wireless and managed services
to consumers and businesses across the country. It also offers advanced
entertainment services under the CenturyLink^TM Prism^TM TV and DIRECTV®
brands. In addition, the company provides data, voice and managed services to
enterprise, government and wholesale customers in local, national and select
international markets through its high-quality advanced fiber optic network
and multiple data centers. CenturyLink is recognized as a leader in the
network services market by key technology industry analyst firms, and is a
global leader in cloud infrastructure and hosted IT solutions for enterprises
through Savvis, a CenturyLink company. CenturyLink's customers range from
Fortune 500 companies in some of the country's largest cities to families
living in rural America. Headquartered in Monroe, La., CenturyLink is an S&P
500 company and is included among the Fortune 500 list of America's largest
corporations. For more information, visit www.centurylink.com.
SOURCE CenturyLink, Inc.
Contact: Mark Bittle, 1-719-313-1070, email@example.com
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