Benzinga | Jan 5, 2022 04:32PM EST

Frontier Says Co Delivered 45K Fiber Broadband Customer Net Additions In Q4 2021

Frontier Communications Parent, Inc. (NASDAQ:FYBR) announced the net addition of 45,000 fiber broadband customers in the fourth quarter of 2021, the largest quarterly increase to date, according to Chief Financial Officer Scott Beasley, speaking at the Citi AppsEconomy Conference today.

Beasley's prepared remarks in the webcast presentation included the following points about customer growth:

* The Company delivered 45,000 fiber broadband customer net additions in the fourth quarter of 2021, over 50 percent more than the company's prior record of 29,000 net additions in the third quarter of 2021.

* Fiber broadband customer additions significantly outpaced copper broadband customer losses in the fourth quarter.

* The result was an increase in total broadband customers of 9,000 in the fourth quarter of 2021. This marked the first time in more than five years that the Company has posted total broadband customer growth in a quarter.

* The Company expects to continue growing the total broadband customer base as its fiber build accelerates.

Customer results for the fourth quarter of 2021 are preliminary and subject to change pending completion of year-end closing review procedures.

An audio webcast link for the replay of the presentation is available in the Webcasts & Events section of Frontier's Investor Relations website investor.frontier.com.