Kinetic by Windstream ended the first quarter with a net addition of approximately 13,000 broadband subscribers based on enabling about 129,000 customer locations, the company says.
The results are the first fruits of a $2 billion multiyear expansion by the service provider. The company says that the goal is to drive fiber deeper into the rural communities that it serves. By the end of the year, the company projects that it will reach more than 1 million homes and SMBs with fiber-based gigabit connections.
“Kinetic by Windstream is building the broadband network of the future. We are investing billions to bring fiber internet service to millions of houses across our 18-state footprint,” Kinetic president Jeff Small said in a press release about the additional Kinetic broadband subscribers. “Gigabit speeds are becoming increasingly important in an era when many are working remotely or accessing education or healthcare online. Kinetic is investing in its broadband network to meet the growing technology needs of its customers.”
The first quarter 2021 results follow on a net gain of 60,000 broadband customers in 589,000 locations last year. The company says it wants its gigabit service to reach half of its ILEC territory within ten years.
Windstream emerged from bankruptcy on September 21, 2020. The company had shed almost $4 billion debt and gained access to more than $2 billion for network investment under a restructuring plan that was announced in February 2019 and approved by the bankruptcy court in June, 2020.
Kinetic by Windstream, a business unit of Windstream Holdings, provides fiber and 5G fixed wireless services to customers and businesses primarily in rural areas of 18 states. In mid-April, Kinetic by Windstream announced two projects in a public-private partnership with Greene County, PA. The projects will bring gigabit speeds to about 7,300 homes in Bobtown, Carmichaels, Greensboro, Jefferson, Mount Morris and Waynesburg. The project received $1,284,549 in funding from the CARES Act. The money came through the Greene County Commissioners. Windstream also will provide funding.
Upgrades also are being performed for 1,000 customers in Brave, Graysville, Rogersville and Waynesburg.