Philip Cusick: Thanks, guys. Fiber ARPU has been growing pretty steadily. How should we think about that going forward? If you had a comment on your promotions, I wasn’t sure quite where you’re going with that. But maybe you can talk about what the pricing is looking like in your fiber markets and how you expect that to trend? And then following up a little bit on Brett’s question, I didn’t quite understand how you think about the attractiveness of edge out government opportunities, which do require capital, be it, which is coming and then all that versus Wave 3 and your current funding position. Maybe you can talk about that? Thank you.
Nick Jeffery: Yes. But perhaps should I start on ARPU and Scott, you can add some color then John will come to you for the bead funding. Look, when we think about ARPU, I mean, the first thing I want to draw everyone’s attention to is that as we’ve spun up our operational capability over the last 2 years to become the largest pure-play fiber builder in the states, we’ve obviously had to move extremely quickly. And in doing so, that means the company is making very conscious decisions about how we allocate our resources to our markets and to our various businesses. And one of the most pressing things over that period has been to scale up our sales and sales engines. And I think we’ve done that very successfully. Our customer fiber broadband revenue has grown by nearly 30% in the last 2 years.
But we’re now transitioning to a stage where we’re looking to optimize our go-to-market activities and help realize the full value that our superior offering, I think, delivers. And perhaps, Scott, I can now hand to you to talk a little bit about how we’re doing that and some of the pricing actions we’ve already taken.
Scott Beasley: Yes, that’s right. Thanks for the question, Phil. On ARPU, you saw it, it was basically flat down a little year-over-year in Q4. We’ve said we expect it to be flattish in Q1 and as we recently put in place new pricing actions. We’ve rationalized our use of gift cards, and we’re doing a lot better job targeting certain segments of the base, that should all flow through into really healthy ARPU growth in Q2, Q3 and Q4 such that by the end of this year, we will be flat for our roughly 4% a year ARPU growth year-over-year.
John Stratton: Yes. And Phil, I’ll just jump on the last part and maybe a bit more on the bead process, the broader government funding process, as you know very well. It looks to be about midyear that you’ll see sort of math settled in and the funding mechanism begins to gear up with federal funding allocated to say probably late in 2023 and then the states turning and making those funds available to companies, let’s call it, the beginning of €˜24 in sort of a meaningful way. But we’ve scaled up pretty significantly in terms of our internal resources as you would expect across the whole of it, engineering, planning, lobbying capabilities, grant coordination project management, the whole thing. It’s a big initiative. There are thousands are thousands of bids that will be required across the country for the program to be realized.
So Frontier does expect to participate quite significantly in that initiative. And we think it could be important to us. As we’ve mentioned, there are around 3 million to 4 million homes that sit within our $15 million overall footprint that today sort of on a stand-alone basis, absent subsidies, would not make economic sense to pass but with some level of economic subsidy could become more worthwhile and something we pursue. One of the things that’s maybe not as obvious, though, is as you think about where those clusters reside within our broader geography, there may well be homes that don’t require direct subsidization, but when you pass the long throw to get to those homes that would be part of a bead subsidized build, that they suddenly become more addressable.
