Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  CenturyLink Inc.    CTL

CENTURYLINK INC.

(CTL)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations
The feature you requested does not exist. However, we suggest the following feature:

Cable One : Payson council votes to support reliable broadband

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/19/2019 | 06:38am EDT

The Payson Town Council Thursday unanimously voted to reserve $90,000 in its budget to support the building of reliable internet.

The unanimous vote reversed the split vote on the same motion two weeks earlier after members of the Broadband Consortium, the MHA Foundation and Cable One first sought support.

So, what changed?

Information.

After that first meeting, the volunteer Broadband Consortium met with the mayor, two other council members, town staff, business owners and concerned citizens. The consortium has been working on finding a solution to Paysons broadband issues for some five years.

Nick Robinson, a consultant with the broadband industry, along with Mac Feezor, a retired engineer and Greg Friestad, a retired broadband engineer, made a presentation at a June 7 meeting on why reliability matters more than speed.

Today it is not about capacity, its about redundancy and resiliency, said Robinson. I could get a 1 gig fiber circuit from CenturyLink, but if its not resilient, it has much less value.

That June 7 meeting changed the minds

of the mayor and the other councilors who had voted against the $90,000 placeholder on May 30.

All of my questions were answered last Friday, said Mayor Tom Morrissey.

Councilor Suzy Tubbs-Avakian agreed.

I would like to thank the gentlemen from the Broadband Consortium who were there last week for answering questions ... to clarify a lot of things above my pay grade, she said. Im just not personally going to make a decision on something I am not clear on.

The vote two weeks ago spawned comments from the audience during the June 13 meeting.

Maia Crespin, executive director for the Rim Country Regional Chamber of Commerce, spoke on behalf of the businesses in town.

As the executive director, I am speaking on behalf of my members for them the internet is vitally important, she said. Even if it is out for only an hour, it is thousands of dollars in lost revenue.

Jolynn Schinstock, a contractor with U.S. defense agencies, had a hard time explaining to the government why she could not be reached either by email or phone when Rim Country experienced internet outages.

I am just this little bitty person working and the internet is super important, she said.

With a catch in her throat, Councilor Barbara Underwood explained why she supported the proposal.

For me the biggest thing is there was actually a death, she said. He lost his life when he went down to communicate for his job. When he had an accident, you couldnt even communicate with emergency services. For me, its just a no-brainer to move forward.

Consortium members said contributions by town and perhaps Gila County could trigger matching grants from the state as well.

Representatives from Cable One as well as MHA Foundation President Kenny Evans both attended the meeting to answer questions.

The MHA Foundation has pledged $2 million to help Cable One string a new broadband cable from Show Low to Payson. The additional money from Payson as well as hoped-for support from Gila County would create another high-speed, high-capacity line from Phoenix to Payson at an estimated cost of $8 million.

This would create a new, high-speed loop from Phoenix to Show Low and back to Phoenix again by a different loop. The new link to Phoenix could also eliminate the outages that have plagued communities in the White Mountains area.

If Cable One also strikes a deal to connect its loop to the existing CenturyLink trunk line from Camp Verde, it would provide a resilient system, while also boosting potential speed and capacity.

Putting in the two new lines would not immediately affect the speed or capacity of internet service for homeowners. Most get their service through Suddenlink, which has a contract with CenturyLink to tap into the existing line. Businesses along the route of the cable could contract for service with Cable One. But homeowners wont see the benefit unless CenturyLink, Suddenlink and businesses like Verizon also contract with Cable One to tap into the new line.

Cable One has offered to provide the town with 2 gigabytes of high-speed, high-capacity, interruption proof internet service through the new line for the next 20 years, in return for $90,000 a year for the next 10 years.

The councils action last week authorizes the town staff to negotiate that the council would still need to approve.

Broadband Consortium members have said that Gila County has also set aside $2 million to help resolve the regions internet reliability problems.

Meanwhile, the federal government also recently announced it would spend $17 million to boost internet access for schools and libraries throughout the county.

Its unclear how much of that grant could go to connecting Payson to Phoenix, since the E-rate grant rules require a strict separation between the money spent on schools and any other internet service. However, the E-rate grant adds to the complexity of the negotiations. Cable One is also the contractor for the E-rate expansion for schools.

In its motion, the council specifically did not indicate any particular company in order to keep options open.

I just wanted to verify ... we were not committing to anyone at this time, said Councilor Chris Higgins. We were just committing to a placeholder to be used for a redundant internet system.

I would support that, said Town Manager LaRon Garrett.

(c) All KUNA right are reserved 2019. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CENTURYLINK INC.
06:38aCABLE ONE : Payson council votes to support reliable broadband
AQ
05:30aEVERBRIDGE : David Meredith Appointed as Everbridge Chief Executive Officer
AQ
06/13CENTURYLINK, INC : Submission of Matters to a Vote of Security Holders, Other Ev..
AQ
06/13CENTURYLINK : Announces Expiration of Tender Offers and Consent Solicitations
PR
06/11CENTURYLINK : Launches SD-WAN Solutions for Customers in Latin America Broad Con..
AQ
06/10CENTURYLINK : Launches SD-WAN Solutions for Customers in Latin America
PU
05/31CENTURYLINK, INC : Entry into a Material Definitive Agreement, Submission of Mat..
AQ
05/31CENTURYLINK INC. : Ex-dividend day for
FA
05/30CENTURYLINK : Recognized by Frost & Sullivan for Its Portfolio of Full-featured ..
AQ
05/30CENTURYLINK : Announces Successful Early Tender Results
PR
More news
Financials ($)
Sales 2019 22 391 M
EBIT 2019 3 964 M
Net income 2019 -3 284 M
Debt 2019 33 559 M
Yield 2019 10,4%
P/E ratio 2019 -
P/E ratio 2020 8,71
EV / Sales 2019 2,01x
EV / Sales 2020 1,99x
Capitalization 11 492 M
Chart CENTURYLINK INC.
Duration : Period :
CenturyLink Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CENTURYLINK INC.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 12,9 $
Spread / Average Target 23%
EPS Revisions
Managers
NameTitle
Jeffrey K. Storey President, Chief Executive Officer & Director
Harvey P. Perry Non-Executive Chairman
Glen F. Post Director
Virginia Boulet Independent Director
Peter C. Brown Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CENTURYLINK INC.-25.68%11 274
VERIZON COMMUNICATIONS2.51%233 171
NIPPON TELEGRAPH AND TELEPHONE CORP11.89%88 436
DEUTSCHE TELEKOM AG5.11%81 568
SAUDI TELECOM COMPANY SJSC--.--%53 656
ORANGE-0.32%42 354