Nick Jeffery: Yeah, on fixed wireless, I mean, it’s a subject we’ve talked about a number of times previously, but we haven’t really seen an impact of FWA in our fiber footprint. And that’s probably because FWA and full symmetrical high-speed fiber really do serve very different market segments. FWA is great for kind of mobile construction sites, you know early career apartment dwellers and so on, whereas full fiber is a fantastic service for house — for homes that with multiple mobile devices, PlayStations, 4K TVs, all of that stuff and of course for businesses. And actually if we step-back, in fact, our fiber broadband has gained share against every competitor in every geography and on our base fiber footprint, which as I said earlier, is our most mature where we have full competition of all sorts.
We actually do have a significant overlap with FWA. Yet our penetration has still systematically marched up over the last three and a bit years, now reaching our goal of at least 45% and it’s continuing to grow. Now, of course, we do see FWA nibble a little bit at our copper base, although not as much perhaps as you might expect, and that may be because a lot of our copper base is very, very rural. But if we step-back, we’ve consistently said that FWA is going to use a huge amount of network capacity from the FWA providers for a relatively insignificant amount of revenue and you can all do the simple math on how that flows through. And talking to someone who used to run a big cellular network, I would be asking very serious questions about the sustainability of the business case for FWA.
When you look at the kind of cost per gig, capacity limitations and the continued sort of exponential rise in data consumption as users hang more and more devices off individual connection, now what — at what point did the economics of FWA break-down, prices have to go up and geographic restrictions put in, and I think we’re beginning to see some of those moves now appear in the market and that is just physics and economics playing through. So we don’t think FWA networks were really engineered to serve the same market segment that Frontier is moving into. And with our typical usage of one terabyte and above and of course, at a top quartile much higher than that, really full symmetrical fiber is really the best solution for connecting homes and businesses and one that really will never be surpassed from a sort of physics and technology point-of-view.
And that’s one reason why we’re very, very confident that our fiber strategy is resonating in the market and will continue to do over the long-term. So perhaps, Spencer, back to you to close the call.
Spencer Kurn: Absolutely. Thanks, Rob, for your question, and thank you all for joining us. We’ll conclude our first quarter 2024 earnings call there and we’ll talk to you in 90 days. Thanks.
Operator: Thank you all for your participation. You may now disconnect your line.
