Frontier Plans to Exceed Fiber Build Target in 2022
View the full release here: https://www.businesswire.com/news/home/20220518006160/en/
- View the full release here: https://www.businesswire.com/news/home/20220518006160/en/
Scott Beasley, EVP, Chief Financial Officer of Frontier (Photo: Business Wire)
Frontier Communications Parent, Inc. (NASDAQ: FYBR) announced that the company plans to exceed its target of 1 million fiber locations in 2022, according to Chief Financial Officer Scott Beasley speaking at the MoffettNathanson Media Communications Summit. - Relating to the fiber build, Beasley announced that:
Frontier plans to accelerate the fiber build, and now expects to exceed its 2022 build target of 1 million fiber locations by an additional 100,000-200,000 locations. - Frontier continues to expect a cost of $900-1000 per passing for its Wave 2 build plan and is gaining construction efficiencies and productivity enhancements as the build scales.
- The recent closing of $1.2 billion in additional debt puts Frontier in excellent position to accelerate its fiber build.