Glo Fiber Milestone Achievement
Glo Fiber reached 400,000 total passings, with a year-over-year growth of 81,000. The Glo Fiber data revenue-generating units grew 39.5% year-over-year, and Glo Fiber revenues increased by 41.1% to $21.3 million.
Consolidated Revenue and EBITDA Growth
Consolidated revenues reached $89.8 million, a 2.5% increase year-over-year. Adjusted EBITDA grew 11.7% to $29.7 million, with margins expanding 300 basis points to 33%.
Fiber Network Expansion
The company constructed over 1,700 route miles of fiber in the last year and completed construction on 89% of the planned 22,000 government-subsidized unserved passings.
Low Churn and High ARPU
Monthly broadband data churn remained steady at 1.17%, and the broadband data average revenue per user (ARPU) was strong at roughly $77.