Mr. Chairman, Ranking Member Watt, and members of the Subcommittee, thank you for the opportunity to testify this morning before the Subcommittee regarding the Satellite Television Laws in Title 17. My name is Jim Campbell, Regional Vice President Public Policy for CenturyLink. As a relatively new entrant in the video arena, CenturyLink hopes to bring a unique, consumer-focused perspective to the Subcommittee on the fast evolving video market in which today's Satellite Television Extension and Localism Act (STELA) operates. I will address its context in the larger pay TV market, and the importance of enacting reauthorization legislation that addresses the disparities between today's video market and a Cable Act that was enacted under far different market and technological conditions.
On the issue of access to content, which for many who are following this proceeding today is a key topic, CenturyLink like others, does not seek to avoid paying reasonable rates for its broadcast content, but we do seek fair retransmission consent rules that will not be leveraged against consumers and competitive new entrants. This can be achieved by modernizing the existing regulatory structure to permit us to carry national programming from an alternative market during negotiation breakdowns.
CenturyLink background and entry into the video market
By way of background, CenturyLink is the third largest telecommunications company in the United States, offering advanced communications services to over 14 million homes; federal state and local governments; as well as businesses in all 50 states and select international markets. Services include voice, broadband, video entertainment and data services. In addition, we provide fiber backhaul and managed cybersercurity solutions. We offer cloud computing on a global basis as a result of our acquisition of Savvis, Inc., one of the largest cloud computing and hosting companies in the world. Today we are a global communications company that has evolved from a long and successful history of providing telephone service, which provides a variety of services including our more recent entry into the video services market.
Over the past five years, CenturyLink has significantly ramped up its entry into the competitive video market, launching its fully digital IPTV service in twelve markets, including Las Vegas, Phoenix, Orlando, Colorado Springs, Omaha, Tallahassee and central North Carolina. The service delivers high-quality video content, a broad range of on-demand content, and advanced technology and interactive features over a managed two-way IP network, bringing an additional competitive video option to over 1.5 million homes. In fact, we are generally the only facilities-based competitor to the local cable provider in markets we enter. Our company's unique and expansive network footprint provides great potential for our video product to reach a variety of rural and urban markets of all sizes.