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  2. February 2024

February 2024

Frontier Reports Fourth-Quarter and Full-Year 2023 Results

Frontier Communications released its fourth-quarter and full-year 2023 results. Fourth-quarter highlights included:

  • Passed 333,000 new fiber locations
  • Added 84,000 fiber broadband customers
  • Revenue of $1.43 billion decreased 0.8% year-over-year as growth in fiber-based products was offset by declines in copper-based products
  • Operating income of $120 million and net income of $17 million

Full-year highlights included:

Gigapower fiber joint venture sets expansion into Minneapolis-St. Paul

Gigapower, the AT&T-BlackRock joint venture, has identified several towns in the southern Minneapolis-St. Paul area as expansion targets for a multi-gigabit fiber network that will be underpinned by an "open access" framework. Gigapower's expansion there will include Bloomington, Eden Prairie, Eagan, Savage, Apple Valley, Burnsville, Farmington, Lakeville, Rosemont and Shakopee.

President Biden gave $90 billion to red America. The thank-you went to spam.

Poor infrastructure, small number of customers, bottom of the list: That is the story of rural broadband in the United States. The situation is much more than an annoyance for the 7 million U.S. households that still do not have access to broadband internet — 90 percent of them in rural areas. Many times that number are “underserved,” with speeds below 100 mbps, or have high-speed broadband infrastructure but can’t afford service.

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