Frontier Communications Accepts $283 Million in Annual Connect America Funding to Expand Broadband Service to 650,000 Unserve...
June 16 2015 - 8:33AM
Business Wire
Today, Frontier Communications (NASDAQ:FTR) accepted
offers from the Federal Communications Commission (FCC) totaling
more than $283 million in annual Connect America Fund (CAF) Phase
II support to deploy broadband to more than 650,000 high-cost rural
locations throughout its 28-state service area.
Dan McCarthy, Frontier Communications’ President and CEO, said
"Frontier is a broadband company focused on delivering the
life-changing benefits of broadband across our entire service area.
CAF Phase II is a critical next step in delivering broadband
service – and the major economic benefits associated with it – to
rural America. We have reviewed the FCC’s CAF Phase II rules and
offers and look forward to partnering with the FCC to achieve our
common goal of increased broadband access for rural America. We
have decided to accept the CAF Phase II funding more than two
months before the formal August 27 deadline because we are eager to
start building the infrastructure necessary to provide service to
these markets as soon as possible."
The FCC established the CAF in 2011 to facilitate broadband
deployment to the millions of American living in rural areas
without access to broadband infrastructure. In 2012 and 2013, the
FCC issued CAF Phase I, one-time interim support for deployment of
broadband access to unserved and underserved locations. Frontier
participated in that round of funding and invested $133 million of
CAF Phase I funding in addition to its own capital to deploy or
upgrade broadband service to nearly 200,000 locations. This
additional support will enable Frontier to continue accelerating
broadband deployment across its footprint.
Frontier Communications' investments over the past four years
have made broadband service available to more than 1.1 million new
households throughout the company's service areas. In addition to
enabling first-time broadband access to previously unserved
households, Frontier has made significant investments in broadband
speeds and services for all of its customers. Frontier has also
introduced simplified broadband offerings and bundled service
packages that provide customers with choice and affordable options.
CAF Phase II funding will enable Frontier to continue expanding
these offerings to additional areas in its markets.
About FRONTIER
COMMUNICATIONS
Frontier Communications Corporation (NASDAQ: FTR) offers
broadband, voice, video, wireless Internet data access, data
security solutions, bundled offerings, specialized bundles for
residential customers, small businesses and home offices and
advanced communications for medium and large businesses in 28
states. Frontier's approximately 17,800 employees are based
entirely in the United States. More information is available at
www.frontier.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150616006082/en/
Frontier CommunicationsSteve Crosby,
916-206-8198steven.crosby@ftr.com
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