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Purchase Zyxel Wireless Modem Rather than Lease from Century Link?

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I would like to stop paying Century Link a monthly wireless modem/router lease. If I purchase a Century Link same brand and model that is currently running my home network (Zyxel PK5001z) on eBay, will I have to do anything more than just plug it in and connect my Ethernet cables? Will I have to configure it or do any other programming sort of task to get it to work? I want to know what I may be getting myself into before substituting one for the other. Thanks for any advice.

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