Frontier Communications said it will increase capital expenditures (Capex) to around $650 to $700 million in 2015 from $572 million in 2014 and $635 million in 2013.
The American telecom operator has spent $320 million for network related expenses for the fourth quarter of 2014 compared to $276 million in the third quarter of 2014 and $262 million in the fourth quarter of 2013.
Frontier Communications said its revenue rose 13 percent to $1,330 million for the fourth quarter of 2014 against $1,180 million in the fourth quarter of 2013 – mainly due to the additional revenue of $216 million as a result of the Connecticut operations acquired on October 24, 2014 and an increase in data services revenue.
“We are very pleased to report strong progress in our continuing business as well as an excellent start in Connecticut,” said Maggie Wilderotter, chairman and CEO.
Customer revenue grew 18 percent to $1,202 million for the fourth quarter of 2014 — primarily due to the additional revenue of $207 million as a result of the Connecticut Acquisition and the increase in data services revenue.
At December 31, 2014, the company had 3,214,800 residential customers, 304,700 business customers, 2,373,900 broadband customers and 586,600 video customers.