Edward McKay
Executive VP & COO at Shenandoah Telecommunications
For 2025, we are projecting capital spending in the $250,000,000 to $280,000,000 range as we continue to expand our fiber networks. This includes gross capital investments of approximately $80,000,000 to $90,000,000 in government grant projects and we expect to receive twenty twenty five reimbursements in the $60,000,000 to $70,000,000 range. Our planned Global Fiber investment of $175,000,000 to $190,000,000 will extend fiber to approximately 95,000 new passings and connect new customers. In our incumbent broadband business, we plan to invest $40,000,000 to $50,000,000 in capital projects, including extending broadband service to approximately 9,000 government subsidized unserved homes and upgrading networks in competitive markets to support multi gigabit speeds. Our planned commercial fiber investments are expected to be in the $35,000,000 to $40,000,000 range for success based spending for new revenue and upgrades to the former Horizon network, including the government grant project to expand our middle mile network and upgrade to 400 gig capable core network.