Frontier Awarded More Than $23M In Grants To Expand Fiber Broadband Service To Unserved Communities In California
Portfolio Pulse from Benzinga Newsdesk
Frontier Communications (NASDAQ: FYBR) has been awarded over $23 million in grants to expand its fiber broadband service to unserved communities in California, specifically in Riverside and San Bernardino counties. This expansion aims to provide fast and reliable internet connectivity, enhancing economic and educational opportunities for residents.
August 29, 2024 | 1:04 pm
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Frontier Communications has received over $23 million in grants to expand its fiber broadband network in California, targeting unserved areas in Riverside and San Bernardino counties. This expansion is expected to enhance connectivity and provide economic and educational benefits to the region.
The $23 million grant will allow Frontier to expand its fiber broadband services, potentially increasing its customer base and revenue. The focus on unserved areas suggests a strategic move to capture new markets, which is likely to positively impact the company's stock price in the short term.
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