CenturyLink 2014 Annual Report Download - page 5

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technology team, and establishing a single global
operations team to drive revenues, innovation and
operational excellence. Our new organization further
facilitates our transformation into an integrated
provider of network, cloud/hosting and IT services.
We expect our transformation to continue in 2015. In March,
we opened our Technology Center of Excellence in Monroe,
Louisiana, where employees will collaborate on innovative
solutions to enable new ways of living and working for our
customers. We are developing service bundles for health
care, finance and other specialized industry segments as
well as fully integrated solutions – a streamlined but very
robust, highly reliable portfolio. We are also working to
develop a new service delivery platform that is automated,
programmable and offers self-service for customers. We
anticipate it to enable automated activation of network
services, network simplification and product consolidation.
We received industry recognition in 2014 that further
validates our direction – specifically, the completeness
of our vision and our ability to execute. The analyst firm
Gartner, Inc. recognized CenturyLink as a visionary in the
Magic Quadrant for Cloud Infrastructure as a Service;
as a visionary in the Magic Quadrant for Cloud-Enabled
Managed Hosting, Asia Pacific; and as a leader in the Magic
Quadrant for Cloud-Enabled Managed Hosting, Europe.
CenturyLink also received five Wholesale Service Provider
Excellence Awards from ATLANTIC-ACM. It’s the ninth
consecutive year our network-related services have been
recognized by our wholesale customers.
With $6 billion in revenues, the consumer segment
represents a very important business for us, and here,
too, we are transforming our services. In 2014, we
increased network speeds, growing the number of
households enabled to receive 20 megabits and 40 megabits
by more than 45 percent each from 2013. We expanded
availability of our gigabit service to nearly 240,000 businesses
and residences, and we added 91,000 high-speed Internet
customers, ending 2014 with more than six million customers
in service.
We also added 67,000 CenturyLink® Prism® TV customers,
ending the year with more than 240,000 customers.
We expanded our Prism® TV footprint by approximately
385,000 addressable homes in 2014, bringing our total
addressable homes to 2.4 million at year-end, and we
anticipate adding more new households and markets in
2015. We continue to enhance our Video On Demand library
and TV Everywhere capabilities, and we are developing
over-the-top services to further enrich the customer
experience and improve profitability.
Glen F. Post, III
Chief Executive Officer and President
$31.61
$33.66
$30.82
$29.45
$26.42
Book Value
per share
10 11 12 13 14
2,349
5,655
5,851
5,991
6,082
Broadband Subscribers
in thousands
10 11 12 13 14