This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Access To Broadband Is The Central Issue In Rural Communications Today





WASHINGTON, April 9, 2013 /PRNewswire/ -- Consumer access to broadband in high-cost markets is the central issue in rural communications today, CenturyLink, Inc. (NYSE: CTL) Executive Vice President for Public Policy and Government Relations Steve Davis told a U.S. Senate subcommittee today at a hearing on the state of rural communications.

(Logo: http://photos.prnewswire.com/prnh/20090602/DA26511LOGO)

CenturyLink recommended that the Federal Communications Commission (FCC) release additional Connect America Fund (CAF) Phase I monies right away to help carriers meet the high costs of bringing broadband to unserved areas.

"In the 21st century economy, being connected has become an integral part of nearly everything we do—in work, education, medicine, agriculture and numerous other pursuits," Davis told the U.S. Senate Committee on Commerce, Science and Transportation Subcommittee on Communications, Technology and the Internet. "And for rural communities seeking economic development, a robust broadband infrastructure is often a prerequisite before any business, large or small, will consider moving to that area."  

Over the past five years, CenturyLink has invested more than $4 billion to bring broadband access to every corner of our service territory where it is economically feasible.  "And despite the rural nature of our markets, we are making high-speed Internet service available to more than 91 percent of the homes and businesses in our local service areas," he said.  

"In the last several years, broadband availability has definitely increased, but more must be done," Davis explained. "In the near term, the challenge is to keep reaching unserved households and bring more consumers and communities into the broadband economy." 

As the FCC and rural providers have worked together, several guiding principles have emerged over time: 

  • We must target support on a granular basis to places where market forces would not otherwise make it available.
  • We must ensure that support goes only to those uneconomic places and where there is not an unsubsidized competitor providing adequate service.
  • We must ensure that supported services are reasonably equivalent to those available in urban markets, in features, quality and price. 
  • We must match support and obligations to serve—obligations cannot exceed the available support and those obligations should be limited to the supported areas.

CAF I is a critical feature of the FCC's broadband deployment plan. This program is intended to jumpstart the unserved deployment process by allocating money annually to the deployment of broadband services in high-cost, unserved areas. 

Stock quotes in this article: CTL 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs