CenturyLink says its FTTH is eating cable's lunch

CenturyLink (NYSE: CTL) says its 1 Gbps FTTH services are pulling market share away from cable in the areas in which it's available. 

Speaking to investors during the Citi 2016 Global Internet, Media & Telecommunications Conference, Stewart Ewing, CFO of CenturyLink, said the company saw this phenomenon in Omaha, Neb., one of its first markets where it launched 1 Gbps-capable FTTH service in May 2013.

Leveraging an existing FTTH network that predecessor company Qwest built in the 1990s, the service provider upgraded it with next-gen GPON technology to serve 45,000 homes.

FierceTelecom has a complete summary of Ewing's appearance here. 

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