Frontier Communications Reaches Connect America Fund Milestone in Nine States
July 18 2017 - 11:55AM
Business Wire
40 percent Milestone Reached Well Ahead of
Schedule
Frontier Communications (NASDAQ:FTR) announced the company has
reached a milestone requirement of the Connect America Fund program
(CAF) well ahead of schedule. The Federal Communications
Commission’s (FCC) program rules associated with CAF require
companies that accepted the funds to deploy broadband to 40 percent
of the eligible locations by the end of 2017. As of June 30th,
Frontier had reached the 40 percent milestone in nine states:
Arizona, Connecticut, Georgia, Montana, New York, North Carolina,
Pennsylvania, Washington, and West Virginia.
Nationally, Frontier now provides broadband to approximately
238,000 households and small businesses in its CAF-eligible areas,
and has improved speeds to approximately 746,000 additional
locations. The deployments reflect a combination of Frontier
capital investment and resources that the FCC has made available
through the CAF program. The company is aggressively marketing
broadband offerings to households with new access or improved
speeds. Simplified broadband offerings and bundled service packages
that provide choice and affordable options are available with
speeds as fast as 115 Mbps, depending on the distance from
Frontier's nearest facilities. Many of the locations newly served
receive 25 Mbps and faster.
“We are very pleased to reach this important milestone,” said
Mark D. Nielsen, Frontier Executive Vice President and Chief Legal
Officer. “The combination of CAF and Frontier’s investments have
enabled new broadband connections that are vital to closing the
digital divide. Every day we see our customers benefiting from the
significant economic and educational benefits of broadband
connectivity.”
Through its partnership with the FCC, Frontier will turn $332M
in annual funding into broadband availability for 774,000
households and business of at least 10 Mbps over the life of the
program.
About Frontier Communications
Frontier Communications Corporation (NASDAQ:FTR) is a
leader in providing communications services to urban, suburban, and
rural communities in 29 states. Frontier offers a variety of
services to residential customers over its fiber-optic and copper
networks, including video, high-speed internet, advanced voice, and
Frontier Secure® digital protection solutions. Frontier
Business Edge™ offers communications solutions to small, medium,
and enterprise businesses. More information about Frontier is
available at www.frontier.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170718006096/en/
Frontier CommunicationsChristy Reap,
203-614-4703christine.reap@ftr.com
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