Frontier says $2.1 billion boost makes its fiber goal achievable

Frontier Communications CEO Nick Jeffery said the company's fiber securitization will give it funding through the end of its target year of 2025, and a “very clear path” to hit 10 million fiber passings. In August, Frontier closed its fiber securitization notes offering as part of a $2.1 billion financing, a significant jump from its initial goal of raising $1.05 billion. Frontier is the first publicly traded company in the US to secure funds backed by fiber-to-the-home (FTTH) assets. The securitization gives Frontier “a very attractive pool of financing into the future to complete our 10 million build,” said Jeffery.