WideOpenWest Ramping Up Broadband Footprint Expansion Plans
WideOpenWest plans to spend $400 million as it expands its network footprint to pass an additional 400,000 homes by 2027, it said Monday. That's a doubling of its previous greenfield expansion plans. The ramp-up is driven by 28,000 additional homes…
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in Greenville County, South Carolina, plus other growth areas being identified in central Florida, CEO Teresa Elder said in a call with analysts as WOW announced its Q1 results. Revenue from continuing operations was $174.6 million, down $6.9 million year over year. It said increasing broadband revenue was more than offset by declines in video and telephony revenue. It said it ended the quarter with 515,000 broadband subscribers, up 10,000 year over year; 142,000 video subs, down 37,000; 97,300 telephony subs, down 10,700. Elder said its reselling of Reach mobile service will launch in a southern market this month. WOW said it's projecting broadband revenue for the year of $427 million-$430 million, total revenue of $708 million-$711 million, and 14,000-17,000 net high-speed data additions.