Frontier Hits Halfway Point to 10 Million Fiber Locations

Rhea-AI Summary

Frontier (NASDAQ: FYBR) has announced a major milestone, reaching 5 million locations with its fiber-optic network, halfway to its goal of 10 million by 2025. Launched in 2020, this fiber-first initiative aims to enhance high-speed internet access nationwide. Frontier's strategy is designed to meet the increasing demand for reliable broadband, impacting both consumers and businesses positively. The company has consistently accelerated its fiber expansion over the past quarters, and its efforts are supported by significant demand for better connectivity.

Positive

• Reached 5 million locations with fiber-optic network.
• On track to meet the goal of 10 million locations by 2025.
• Consistent acceleration of fiber expansion over 8 consecutive quarters.

Negative

• None.

Expands fiber-optic network to 5 million homes and businesses

NORWALK, Conn.--(BUSINESS WIRE)-- Frontier (NASDAQ: FYBR):

TL;DR – The Byte-Size Download:

• Happening: Frontier announced today that it has hit the halfway point to its initial target of building blazing-fast fiber internet to 10 million locations by the end of 2025. The company started its current fiber build program in late 2020 and now reaches 5 million total locations.

• Why it Matters: Rallied around its purpose of Building Gigabit America, Frontier is building the digital infrastructure that the country needs to compete and lead. As the second largest fiber builder in the U.S., Frontier is delivering access to high-speed, reliable fiber internet connectivity to millions of consumers and businesses.

• Get stoked: “We are halfway to our initial goal of 10 million fiber locations passed, which means more of our schools, neighbors and business owners now have access to high-speed fiber internet,” said Veronica Bloodworth, Frontier’s Chief Network Officer. “We are delivering our fiber-first strategy at a record pace knowing the critical role that we play in connecting communities. It’s impressive to see our teams and external partners come together to accelerate our fiber build despite the challenging environment.”

What’s happening?

In 2021, Frontier’s new leadership team launched a fiber-first strategy driven by its purpose of Building Gigabit America. In August of that year, the company set a target to expand to 10 million fiber locations by the end of 2025.

Since then, Frontier has accelerated its fiber build in 8 consecutive quarters. Earlier this year, the company raised its target from 1 million to a range of 1.1 to 1.2 new fiber locations for 2022.

Today, the company announced that it reached the halfway mark and expanded its fiber-optic network to 5 million homes and businesses across the country.

Why does this matter?

Frontier’s fiber-first strategy is transforming its business and the lives of those in its fiber footprint. As the demand for high-speed broadband connectivity grows, Frontier is positioned to deliver the best possible internet connectivity to meet the needs of consumers and businesses.

With its fiber-optic technology, Frontier is giving people the reliable, high-speed service they need to discover the endless possibilities and benefits that come with being part of the digital society. This is the rationale behind Frontier’s new “Un-Cable Yourself” campaign, which highlights the advantages of fiber internet over legacy cable connections for consumers.

“Simply stated: Fiber does what cable can’t,” said John Harrobin, Frontier’s Consumer EVP. “Fiber is superior to cable by leaps and bounds and will be the internet standard for decades to come. This is a truth supported by troves of objective data and why we are positioning Frontier as the number one ‘un-cable’ option in the market.”

About Frontier Communications

Frontier is a leading communications provider offering gigabit speeds to empower and connect millions of consumers and businesses in 25 states. It is building critical digital infrastructure across the country with its fiber-optic network and cloud-based solutions, enabling connections today and future proofing for tomorrow. Rallied around a single purpose, Building Gigabit America™, the company is focused on supporting a digital society, closing the digital divide, and working toward a more sustainable environment. Frontier is preparing today for a better tomorrow. Visit frontier.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221201005378/en/

Media Contact

Chrissy Murray

VP, Corporate Communications

+1 504-952-4225

chrissy.murray@ftr.com

Source: Frontier Communications Parent, Inc.

FAQ

What is Frontier's fiber expansion target for 2025?

Frontier aims to expand its fiber-optic network to 10 million locations by the end of 2025.

How many locations has Frontier reached with its fiber network?

Frontier has currently reached 5 million locations with its fiber-optic network.

What is the significance of Frontier's fiber-first strategy?

The fiber-first strategy is designed to meet the growing demand for high-speed broadband connectivity among consumers and businesses.

How has Frontier's fiber expansion progressed?

Frontier has accelerated its fiber build in 8 consecutive quarters since launching its strategy.

What are the benefits of Frontier's fiber internet?

Fiber internet offers faster and more reliable service compared to legacy cable connections.