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4-Traders Homepage  >  Equities  >  Nyse  >  CenturyLink    CTL

CENTURYLINK (CTL)
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CenturyLink : Agreement step in bringing high-speed internet to La Push

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06/19/2018 | 02:18pm CEST

LA PUSH — An $800,000 project will bring broadband internet to La Push, Gov. Jay Inslee has announced.

A memorandum of understanding with the Quileute Tribe, the state's Utilities and Transportation Commission, and CenturyLink will lead to high-speed internet being brought to the tribe's Lower Village, as well as to property outlined in the tribe's Move to Higher Ground project — which moves key parts of the community, including the tribal school and senior center, out of the tsunami risk zone.

The agreement came into effect with its signing Friday and will remain in force for five years. It can be renewed or amended with the consent of the signatories. Inslee visited La Push on Friday.

"Broadband in our area will benefit many, including police officers, first responders, health clinics, our administration, schools, families and the Coast Guard," said Quileute Chairman Doug Woodruff Jr. at Friday's signing ceremony, according to a news release from the governor's office.

The new broadband facilities will be capable of providing at least 25 megabits per second to the remote area, although internet speeds may vary due to conditions outside of network control, the memorandum said.

The Utilities and Transportation Commission is providing $800,000 of Qwest Performance Assurance Plan payment funding in the 2018 operating budget to supplement funds committed by telecommunications companies for rural broadband construction purposes, the release said.

"CenturyLink thanks the Washington Utilities and Transportation Commission for identifying an opportunity for us to bring high-speed internet access to the Quileute Tribal villages," said Mark Reynolds, regional vice president for state government relations for CenturyLink's northwest region.

A lack of quality broadband affects children trying to do their homework, entrepreneurs hoping to launch a startup, or rural employees who work remotely for companies in bigger cities, the governor's office said.

"Rapid technological innovation is transforming every school, every hospital, every company and every industry in Washington," Inslee said in a news release.

"Broadband service that allows citizens to create and connect to this innovation has become the critical infrastructure need of the 21st century," he added.

"Broadband is the single most important economic development tool we have, and will ensure more equitable access to education, jobs and health care throughout the state."

Inslee visited rural communities across the state to discuss broadband needs and solutions. His three-day tour, which began Wednesday, also included stops in the Eastern Washington communities of Pomeroy, Pullman and Chewelah and the Central Washington communities of Quincy and Wenatchee.

© 2018 Peninsula Daily News. All rights reserved., source Newspapers

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Financials ($)
Sales 2018 23 679 M
EBIT 2018 3 328 M
Net income 2018 720 M
Debt 2018 36 808 M
Yield 2018 11,9%
P/E ratio 2018 26,44
P/E ratio 2019 21,80
EV / Sales 2018 2,38x
EV / Sales 2019 2,38x
Capitalization 19 441 M
Chart CENTURYLINK
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CenturyLink Technical Analysis Chart | CTL | US1567001060 | 4-Traders
Technical analysis trends CENTURYLINK
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TrendsBearishBullishNeutral
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 18
Average target price 19,9 $
Spread / Average Target 9,7%
EPS Revisions
Managers
NameTitle
Jeffrey K. Storey President, Chief Executive Officer & Director
Harvey P. Perry Non-Executive Chairman
Sunit S. Patel Chief Financial Officer & Executive Vice President
Aamir Hussain Chief Technology Officer & Executive VP
Glen F. Post Director
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