CenturyLink Q4 profit declined 16 percent to $867 million from...
CenturyLink Q4 profit declined 16 percent to $867 million from a year ago, the company said. With the implementation of the FCC’s Universal Service Fund and intercarrier compensation order, the company’s access revenue will decline over the next few years,…
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Chief Financial Officer Stewart Ewing said during a conference call. But the company’s hopeful of some broadband-related USF revenues, he said. Broadband subscriptions are a bright spot: Subscribers rose 4.5 percent to 5.55 million. The company is on track with its integration of Qwest and Savvis this year, Ewing said. Helped by growth in wireless backhaul and wholesale Ethernet, the wholesale unit reported $564 million in strategic revenue, up 5.4 percent. The company expects operating revenue between $18.2 billion and $18.4 billion for 2012.