What Are Frontier Communications’ Capex Plans for 2019?



Frontier’s capex plans for 2019

Frontier Communications (FTR) has been continuously spending on capex to improve its network. In the third quarter, the telecom company spent $329 million on capex with about 75% of its capex focused on productivity-enhancing and revenue-generating projects. Frontier spent $321 million on capex in the prior quarter and $268 million in the same period a year earlier. It has been spending to improve its network potential, expansion of gigabit broadband availability, as well as speed upgrades. For 2018, Frontier expects capex of $1.15 billion to $1.2 billion.

During the UBS Global Media and Communications Conference held earlier this month, Dan McCarthy, Frontier’s president and CEO, stated that the company expects capex to fall $50 million to $100 million in 2019.

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Expected capex investments in 2018

By comparison, Windstream Holdings (WIN) is projected to spend in the range of $750 million to $800 million on capital expenditures in 2018. In comparison, Verizon (VZ) is expected to spend in the range of $16.6 billion to $17.0 billion on capex, while AT&T (T) expects net capex of $22 billion in 2018.


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