Frontier Communications Corp (NASDAQ:FTR) advances its rural broadband surge, surpassing 2017 milestone needs of the Connect America Fund (CAF) program in eight additional states. Illinois, Indiana, Florida, Idaho, Texas, Wisconsin, Michigan and Tennessee join the list of states where company is ahead of schedule in deploying rural broadband.
The details
The Federal Communications Commission’s program rules related with CAF require firms that accepted the funds to implement broadband to 40% of the eligible sites by the close of 2017. The newly reported states join Georgia, Montana, Arizona, Connecticut, Pennsylvania, Washington, West Virginia, New York and North Carolina as having touched the 40% milestone.
Nationally, Frontier Communications now offers broadband to cover around 331,000 and small operations in its CAF-eligible regions, and has improved speeds to more than nearly 875,000 additional businesses and homes. The deployments exhibit a combination of company’s resources and capital investment that the FCC has made accessible through the CAF plan. The firm is marketing broadband solutions to households with improved speeds or new access. Many of the sites newly served are capable of getting speeds of 25 Mbps and faster.
Mark D. Nielsen, the EVP and Chief Legal Officer of Frontier, reported that they are piling up broadband objectives as they record a strong broadband execution push to end 2017. The combination of Frontier’s investments and CAF have allowed new broadband connections that are important to closing the digital divide. With each passing day, they see their consumers gaining from the significant educational and economic advantages of broadband connectivity.
Through its association with the FCC, Frontier Communications will turn $332 million in yearly capital into broadband availability for 774,000 business and households of at least 10 Mbps during the life course of the program. As it is known, Frontier is a leading firm in providing communications services to different communities in 29 states.
