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Frontier Frontier Communications Delivers Record New Fiber Locations and Fiber Broadband Customer Growth Reports Third - Quarter 2021 Financial Results ● ● ● ● Built fiber to a record 185,000 locations in the third quarter , bringing total fiber passings to 3.8 million by the end of the third quarter Added a record 29,000 new fiber broadband customers during the quarter Delivered third - quarter revenue of $ 1.58 billion , net income of $ 126 million , and Adjusted EBITDA of $ 587 million Raised $ 1 billion of debt in October , contributing to liquidity of approximately $ 2.7 billion Continued to enhance leadership team with Melissa Pint , Chief Digital Information Officer , and Charlon McIntosh , Chief Customer Operations Officer NORWALK , Conn . Frontier Communications Parent , Inc. ( NASDAQ : FYBR ) ( " Frontier " or the " Company " ) reported third quarter 2021 results today , delivering record new fiber locations and fiber broadband customer growth . " We gained strong momentum in the quarter and delivered record results on two of the most important drivers of our transformation - building and selling fiber . The team's diligent operational execution and relentless focus on improving the customer experience are beginning to show in our results " , said Nick Jeffery , President and Chief Executive Officer of Frontier . " We continued to attract world - class talent to our organization , and the new billion - dollar debt raise in October will help us continue to accelerate our fiber build . It's still early days , but I'm encouraged by the numbers and the progress we're making in our plans to Build Gigabit America . " Consolidated Financial Results¹ Frontier reported consolidated revenue for the third quarter ended September 30 , 2021 of $ 1.58 billion , a 6.1 % decline from consolidated revenue reported in the third quarter of 2020 , as growth in consumer fiber broadband was more than offset by declines in video , voice , and wholesale services . Consumer fiber broadband revenue increased 14.6 % over the third quarter of 2020 to $ 243 million in the third quarter , driven by strong growth in fiber broadband customers and average revenue per customer ( ARPU ) . Consumer fiber broadband net adds were approximately 29,000 in the third quarter , the ninth consecutive quarter of positive consumer fiber net adds , resulting in fiber broadband customer growth of 5.1 % . Third quarter 2021 operating income was $ 284 million and net income was $ 126 million . ¹ Prior year comparisons are adjusted for Disposal of Northwest Operations . See Schedule C and Schedule E for a reconciliation of reported results to the results adjusted for the Disposal of Northwest Operations . Upon emergence from bankruptcy , Frontier adopted fresh start accounting in accordance with ASC 852. As a result , Frontier's consolidated financial statements after April 30 , 2021 are not comparable to prior periods.- All figures and growth rates in this release have been normalized to reflect the impact of fresh start accounting . See Frontier's Form 8 - K filed with the SEC on July 30 , 2021 , for further details on the impact of fresh start accounting . See Frontier's supplemental trending schedules , available at www.frontier.com/ir , for information regarding adjustments to revenue , expense and certain non - GAAP measures reflecting the impact of fresh start accounting for periods presented .