WOW! to spend $40 million to build fiber network in Orange County, Florida
WideOpenWest (WOW!) unveiled plans to invest $215 million in capital expenditures this year, including $80 million in expansion efforts, and named Orange County (FL) as its second greenfield target market. CEO Teresa Elder said the company expects to spend $40 million over the next two to three years to build fiber to more than 40,000 homes in Orange County. The project is the second greenfield market the company has announced in the state. It named Seminole County (FL) as its first target earlier in February, outlining plans to reach 60,000 locations there. Together, the two builds will get WOW! halfway to a previously announced goal of expanding fiber to 200,000 locations by 2025. WOW! CFO John Rego said the greenfield work will contribute to an expected $80 million in expansion capex in 2020, with edge outs and commercial activity also included in this tally. While greenfield work has already begun, Rego noted the bulk of greenfield capex will really start to come into play in the back half of the year.
WOW! pumps $40M into second greenfield market in Florida