The company's broadband subscriber growth has been missing internal estimates.
The company's broadband subscriber growth has been missing internal estimates.
Nearly 9,000 satellites now deliver broadband service worldwide
The company pointed to promotional roll offs and a billing system migration, plus stiff industry competition.
CEO said on quarterly earnings call that competition from fixed wireless and fiber providers was fierce.
Shareholders will be compensated $5.20 a share, as telecommunications provider posts revenue of $144.2 million
The Northwest ISP is expected to hit 2 million fiber passings by 2028.
The company was optimistic losses would stabilize.
The company also added 212,000 mobile subscribers in the second quarter.
The cable operator lost 13,500 broadband subscribers in the second quarter.
Some investors panic even as most losses come from special items.
The company posted its highest mobile gains ever with 378,000 new lines.
That's more losses than Wall Street had expected.
CEO Mike Sievert said the carrier wasn't interested in a consumer MVNO deal with the cable giants.
Fiber base also grows by 243K as company ramps up investments
The carrier's 278,000 fixed wireless additions were its lowest since 2022.