Frontier sees fiber broadband additions in first quarter of 2022

Frontier Communications reported its first quarter 2022 financial results. The company added 54,000 fiber broadband customers in the quarter, resulting in growth of 10.4 percent from the first quarter of 2021. Frontier also built fiber to 211,000 locations. Ultimately, the company saw total revenue of $1.45 billion, down 10.7 percent from first quarter 2021. According to the company, its fiber broadband growth in 2022 has been offset by declines in subsidy, video, voice, and wholesale. Consolidated revenue was particularly impacted by the expiration of Connect America Fund II funding at the end of fourth quarter 2021. In total, the company is aiming to build fiber to 1 million new locations in 2022.