TDS Telecom’s SVP of Corporate Affairs Andrew Petersen shed some light on the company’s strategy as it races to lock in its fair share of growth from fiber deployments.
“We see just tremendous opportunity, and we feel like it’s a bit of a land grab,” he said of the fiber landscape. “Internally, we always describe our growth like we’re playing the game of Risk, where you need to amass more territories fast so you can deliver that kind of competitive choice quickly and change customers’ behaviors rapidly.”
He added, “There’s an opportunity window here where fiber’s become the sort of flavor of the month, and communities that don’t have fiber feel like it’s a competitive advantage to get it.”
TDS is already spreading its pieces across the board. As of the end of 2020, it had deployed fiber to 307,000 addressable locations. In February, it outlined plans to more than double that figure to 625,000 by 2024, with Petersen noting it is pushing to add 150,000 new addresses in 2021 alone.
To fuel its expansion, Petersen said TDS is cranking up its capex spending, planning to pump around $450 million into the network in 2021. He added, “We have no plans to slow that down over the planning horizon, which for us is five years.” Put into perspective, the 2021 figure represents a 42% boost from the $316 million it spent in the full year 2019 and a 22% increase over the $368 million it dropped in 2020.
So where is that money going?
Petersen said TDS has already deployed fiber in five states – Idaho, Montana, North Carolina, Washington and Wisconsin – and plans to expand both within and outside of those areas.
“We’re selecting markets we see as fast growing, great demographics, good household formations,” he explained. ……. Continue Reading……..