From AT&T to Verizon: Sizing up Q4 Broadband 2020 Earnings 

The fourth-quarter 2020 earnings reporting season has begun, and Broadband Communities is tracking how key players in the wireline broadband industry performed. Check here throughout the reporting season for updates on providers, vendors and integrators in this segment.

  • earnings update

Jan. 26

Verizon
Verizon sees Fios internet subscribers rise as more customers work from home and conduct home schooling during the COVID-19 pandemic. 
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Jan. 27

AT&T

AT&T adds 1 million fiber broadband subscribers in 2020. As AT&T hits FTTH milestone, the provider sets plans to deepen penetration in existing and new markets. 
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Corning
Corning’s Optical Business revenues rise 7 percent on strong carrier and enterprise sales. Fiber manufacturer expects segment to grow in 2021 as customers increase optical network investments.
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Jan. 28

Comcast
Comcast added 538,000 net new broadband customers and delivered Adjusted EBITDA growth of over 12 percent. For the year, Comcast added 2 million new high-speed internet customer net customers.
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Jan. 29

Charter
Charter sees broadband gains again, adding 246,000 subscribers in the fourth quarter and 2.2 million for the year. 

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Feb. 4

ADTRAN
ADTRAN sees growth in its Tier-2 and Tier-3 service provider segments in the U.S. and a solid increase in fiber deployments in Europe. 

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Feb.9

Cisco
Cisco’s saw its mission to transform itself into a software and service subscriptions with an increase in security and software revenue continue to take hold in its second-quarter. But its core infrastructure business continued to see struggles.
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Ting/Tucows
Ting Fiber adds 2,800 new addresses and 5,100 serviceable addresses with FTTH during the fourth quarter.
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Feb. 10

Altice USA 
Altice USA covered nearly 1 million homes with FTTH technology available for service during the fourth quarter. 
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Lumen
Lumen passed an additional 400,000 homes with fiber to now reach 2.4 million homes, up from 2 million at the end of 2019. 
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Feb. 17

CommScope
CommScope saw mixed results in the fourth quarter. While Broadband Networks sales rose 17.3 percent year-over-year to $789.3 million, it saw softer results in its Home Networks and Outdoor Wireless Networks segments.

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Feb. 19

TDS Telecom
TDS Telecom reported revenues increased 1 percent to $173 million, largely driven by the strong growth in residential revenues, which increased 8 percent due to growth from broadband and video connections.

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Feb. 25

Consolidated Communications
Consolidated reported during the fourth quarter that it grew broadband revenue 2.8 percent, representing the seventh consecutive quarter of year-over-year broadband revenue growth.

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Shentel
Driven by 31 percent growth in its tower business and 5.4 percent in Broadband, Shentel’s total revenue grew 6.7 percent to $220.8 million.

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Feb. 26

MasTec
MasTec reported fourth quarter 2020 revenue was $1.6 billion, down from $1.7 billion for the fourth quarter of 2019.In the communications segment, MasTec’s revenue was $568 million.

March 1

Uniti
Uniti saw the fruits of its fiber build outs continue to take shape in the fourth quarter as the company reported $275.3 million in fourth quarter and $1.1 billion for the full year.

March 3

Dycom
Dycom reported that contract revenues for the fourth quarter and fiscal year were $750.7 million, down from $737.6 million for the quarter ended January 25, 2020. Contract revenues decreased 6.2 percent on an organic basis after excluding $5.7 million in contract revenues from storm restoration services and adjusting for the additional week of operations during the quarter ended January 30, 2021 as a result of the Company’s 52/53 week fiscal year.

March 8

Frontier Communications
Frontier reaches goal to upgrade over 60,000 existing Frontier-served copper locations to fiber. The telco ended the fourth quarter with $1.7 million in total revenues and a net loss of $50 million, which included $136 million in reorganization costs related to balance sheet restructuring and $72 million on debt extinguishment costs related to refinancing.  



 

 

 

 

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