CenturyLink Reports First Quarter 2020 Results

CenturyLink CEO Jeff Storey said the companies' fiber-rich network was well suited to handle the increased demand for the company's services during the coronavirus pandemic. Overall, CenturyLink has seen a 30% to 40% growth in its backbone during the pandemic, and "a correspondingly significant increase in average usage across our CDN, end-user IP, voice and conferencing platforms," Storey said.  CenturyLink saw a net loss of 11,000 total broadband subscribers in the first quarter. In speeds of 100 Mbps and above, it added 60,000 subscribers. Revenue for consumer broadband was flat year over year.