CenturyLink, the third-biggest “telco” fixed network services provider is "caught between a rock and a hard place,” according to Jennifer Fritzsche, Wells Fargo senior analyst for telecommunications services.
Basically, CenturyLink is not competitive with cable TV offers, so it either must step up investment or admit defeat and hope to make up revenue losses elsewhere.
Operating revenues for first quarter 2016 declined to $4.40 billion, compared to $4.45 billion in first quarter of 2015.
In its business customer segment, revenues of $1.58 billion declined 3.4 percent year over year. Total consumer segment revenues of $1.49 billion declined 0.5 percent, year over year.