Broadband Coalition Blasts CenturyLink for Crying “Crocodile Tears” as Their Own BDS Profits Increased 47 Percent
WASHINGTON DC (Sept 22, 2016) – Broadband Coalition member, Windstream, submitted a filling today with the FCC pointing out a contradiction in arguments being made by CenturyLink, who has been critical of the FCC’s proposal to bring more competition and savings to the business data service (BDS) marketplace.
For months, CenturyLink has been telling policy makers they are losing money on business data services. But the Windstream filing uses CenturyLink’s own data to show the opposite is true, with the company’s net operating income per BDS circuit increasing by 47 percent over the past four-year period, from $5,994 in 2011 to $8,807 in 2015.
A copy of the Windstream filing is attached.
In addition to the Windstream filing, the Broadband Coalition released the following statement:
“CenturyLink is crying a river of crocodile tears in hopes it can continue floating its boatload of BDS profits. CenturyLink’s own data shows a 47 percent increase in profits per business data circuit over the last five years. In the same period a leading consumer economist estimates business customers, schools and libraries were sacked with $150 billion dollars in overcharges.
“CenturyLink’s own CFO must have been looking at these numbers when he suggested on a recent investor call that their BDS market was a “high margin” cash cow.
“Business customers want real reform, more choice and lower prices. It’s time for the FCC to take action and help bring more competition and investment necessary for building a better broadband future.”
About the Broadband Coalition:
The Broadband Coalition: Competitive broadband providers united to preserve innovation, competition and connection for future networks.
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