WOW to Spend $100M Next 2-3 Years Expanding Florida Fiber Footprint

WideOpenWest will spend $40 million over the next two to three years on extending its fiber network to parts of Orange County, Florida, CEO Teresa Elder said during a call Thursday announcing its latest quarterly results, in addition to $60 million it will spend over the next two to three years on fiber expansion to greenfield areas of Seminole County, Florida, announced earlier this month. Elder said the Orange County focus will be on the northern suburbs rather than the Orlando metro area. Chief Financial Officer John Rego said construction should start in the second half of this year, with the first Greenfield customers expected to come in early 2023. He said the two projects combined will take its network past 100,000 new homes. WOW said it ended 2021 with revenue from continuing operations of $725.7 million, down $45 million. It said it finished the year with 511,700 high-speed data subscribers, up 12,900 year over year. It said broadband generated $399.1 million for the year, up $40.1 million from 2020. Rego said that partially offset year-over-year declines in video and telephony revenue of 13% and 12.1%, respectively. WOW stock closed at $16.96, down 3.8%.