Assuming Century Link is your local exchange carrier:

They probably meet in the CL central office.  CL owns the last mile of 
facilities to you.  You would have to find another company that actually owns 
fiber facilities near you to be able to have an option.  Maybe I have it 
backwards, but whoever is the local exchange carrier, they probably hand off to 
the other company at their (ILEC/RBOC) central office.  

Are there any regional fiber companies in your area?

From: TJ Trout 
Sent: Wednesday, February 25, 2015 11:10 PM
To: [email protected] 
Subject: [AFMUG] "Local loop"

So I'm looking over a upstream quote from century link for 1 gig dia and they 
are using att as the local loop, where exactly does att and century link meet 
so that CL picks up the local loop and gives me ip transit ? Just some common 
exchange where they both have facilities ?

Would be a lot cheaper if I could just get the same local loop price to some 
internet exchange (same exchange as this quote? Who knows) where I could pickup 
some cheap transit...

My only option at this location is att, anyone have any feedback on some 
arrangement that isn't uber expensive ?

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