Description

Frontier Communications Builds 3,500 Fiber Passings a Day—Is This Hyper-Growth?

Frontier Communications recently reported its financial and operational results for the second quarter of 2024, highlighting its promising trajectory in fiber broadband expansion and ongoing improvement in company performance. The company recorded its second consecutive quarter of revenue growth, reaching $1.48 billion, marking the fastest organic growth in over a decade. This was primarily driven by a record addition of 92,000 new fiber broadband customers and a robust ARPU growth of 3.5% year-over-year, which indicates a continued demand for higher-speed internet and value-added services. Positively, Frontier’s strategic focus on expanding its fiber network is evident, having surpassed 7 million fiber passings and achieved substantial customer growth in its base fiber footprint, with penetration rates rising to over 45%. The company aims to pass 10 million locations, reinforcing its position in the fiber industry.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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