CenturyLink to accept USD 54 mln from Connect America Fund [Global Data Point]
(Global Data Point Via Acquire Media NewsEdge) US telecommunications company, CenturyLink has announced it will accept USD 54 million from the Federal Communication Commission's Connect America Fund (CAF) in 2013 to bring broadband to more than 92,000 rural homes and businesses in unserved high-cost areas. When combined with its copayment, CenturyLink will invest more than USD 108 million over the next three years to bring broadband speeds of 4 Mbps downstream and 1 Mbps upstream to rural households and businesses in 33 of the 37 states where it offers residential broadband service. The company's investment of its own capital will exceed the amount of CAF phase one, round two funding it accepts. The USD 54 million is in addition to USD 35 million in CAF phase one, round one money that CenturyLink accepted in 2012 to deploy broadband service to 45,000 homes and businesses in unserved rural areas. Through the CAF one programme, CenturyLink is deploying broadband to nearly 140,000 unserved rural consumers.
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