Boston, MA 04/25/2014 (wallstreetpr) – Frontier Communications Corp (NASDAQ:FTR) feels proud to announce that its three years of capital expenditures in Pennsylvania exceeded $75 million. It was inclusive of $23 million in 2013. The additional fund of $1.5 million coming from the Federal Communications Commission’s Connect America Fund (CAF) will benefit the core business of Frontier in all the regions. The funding will be used to enhance the broadband speeds in the rural Pennsylvania markets.
The services of company
Frontier Communications Corp (NASDAQ:FTR) provides its services in various sectors including broadband, satellite television, FTR Energy, digital phone service, Frontier satellite broadband, customer premises equipment, Ethernet, commercial cloud based voice solutions, web security, data center, and dedicated internet access through Frontier Secure.
The objectives of expenditure
The huge capital expenditure in the last three of $75.2 million is invested by the Frontier from its own capital. The aim of the company was to enhance the reach of broadband connectivity across the Company’s eastern Pennsylvania territory. Frontier Communications Corp (NASDAQ:FTR) wants to put specialized efforts to improve network infrastructure in the same region. Investment is the key to work for economic development and enhance the opportunities for the consumers. Investment is the medium to support all types and sizes of businesses in the state. Investment is a way to bring in the next-generation technology.
The next step
The impact of investment was very much visible in the region. The good news is that Frontier succeeded in making broadband services available to 1005 of its Pennsylvania clients. The people of Pennsylvania use the internet for many purposes like playing games, watching videos and many others. The company made all the required efforts and brought-in the technology to provide the customers with faster broadband speeds. For the coming year, Frontier Communications will focus on the Ethernet Service which holds significant importance for the commercial customers. Frontier Communications Corp (NASDAQ:FTR) is moving slowly and steadily towards the fulfillment of its objectives.
