solidated munications (US:CNSL)2022-03-07 06:09Financial Performance - Q4 2021 revenue was $318.5 million, a decrease of 2.3% year-over-year[21] - Full year 2021 revenue was $1.282 billion, a decrease of 1.7% year-over-year[21] - Q4 2021 adjusted EBITDA was $126.2 million, a decrease of 4.6% year-over-year[21] - Full year 2021 adjusted EBITDA was $506.9 million, a decrease of 4.2% year-over-year[21] - Q4 2021 capital expenditures were $176.3 million, an increase of 169.9% year-over-year[21] - Full year 2021 capital expenditures were $515.8 million, an increase of 137.1% year-over-year[21] Fiber Expansion Plan - The company plans to upgrade 1.6 million passings to Gig+ fiber capable services by 2025, representing over 70% of its service area[15, 26] - In 2021, over 330,000 passings were upgraded to fiber[15, 23] - Fiber Gig+ capable passings reached 605,710 in Q4 2021, a 120% increase year-over-year[22] - Fiber Gig+ capable connections reached 86,122 in Q4 2021, a 22% increase year-over-year[22] Strategic Highlights - Broadband revenue grew 1.1% in Q4 2021 and 2.4% for the full year[21, 23]