Raised $1.20 billion of debt in May, contributing to liquidity of approximately $3.70 billion Net cash from operations of $229 million, driven by healthy operating performance and increased focus on working capital management Revenue of $1.46 billion, net income of $101 million, and Adjusted EBITDA of $535 millionĬapital expenditures of $641 million, including $325 million of non-subsidy-related build capital expenditures Our team’s operational discipline over the last year has improved Frontier’s financial trajectory and positioned us as the preferred digital partner for customers across our footprint."īuilt fiber to a record 281,000 locationsĪdded 54,000 fiber broadband customer net additions, resulting in fiber broadband customer growth of 13.4% compared with the second quarter of 2021
Jeffery continued, “In the second quarter, we saw the impact of our operational success translate into financial growth, and we delivered sequential EBITDA growth ahead of schedule. “We have the second-largest fiber build in the country and this expansion is unlocking new opportunities to meet increased consumer demand for blazing-fast fiber broadband while driving efficiencies across our business." We are deploying fiber and connecting people to the digital society at a record pace,” said Nick Jeffery, President and Chief Executive Officer of Frontier. (NASDAQ: FYBR) (“Frontier”) reported second-quarter 2022 results today.
Reports Second-Quarter 2022 Financial Results and Raises Full-Year Guidanceįrontier Communications Parent, Inc.
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