The turf battle between IPTV provider CenturyLink and incumbent cable operator Comcast just got a bit bigger. The Minneapolis City Council approved CenturyLink's franchise agreement giving the company the go-ahead to launch IPTV service in Minneapolis with the goal of blanketing the entire city with IPTV coverage within five years.
CenturyLink may soon give Comcast a dose of new TV competition in Minneapolis if it gets final city council approval for its video franchise in May.
CenturyLink continued its aggressive expansion of video services in the fourth quarter, announcing Wednesday that it added 12,900 new Prism TV customers in the last three months of 2014.
CenturyLink currently offers a mix of broadband services that scale from as low as 10 Mbps up to 1 Gbps in some markets, but the service provider says the FCC's move to define broadband as 25 Mbps will not impact future or investments in its last mile network.
CenturyLink has made a plea to the U.S. House Energy and Commerce Committee to reform the 1992 Cable Act so new entrants in the video services race can more effectively negotiate prices for content.
CenturyLink is considering its own movement into the growing over-the-top (OTT) video market segment, a top company executive told investors.
CenturyLink is officially establishing itself as the new video provider in Portland, Ore., as the telco reached a deal for a new franchise agreement with city officials with plans to deliver service sometime in 2015, reports The Oregonian.
CenturyLink has reiterated its plans to bring its growing Prism IPTV service into new markets next year as it continues to work with various communities to establish new franchise agreements.
CenturyLink plans to pass an additional 300,000 homes with its Prism IPTV service this year. Speaking at the Goldman Sachs 23rd Annual Communacopia Conference, Stewart Ewing, CFO and EVP of CenturyLink, told investors he expects to end the year with a total of 2.2 million homes passed.
CenturyLink saw an uptick in Prism IPTV subscribers that drove up its second-quarter 2014 strategic consumer revenues to $1.5 billion, up sequentially over the first quarter.