“We expect that we're going to spend a little over $1 billion this year in 2023 on high split, which leaves a substantial a substantial amount of spend in the project and a large portion of which if we continue at our current pace would hit inside of next year.”

In context

“passings timing isn't perfectly aligned with spend. So it's not a perfect guide. But if you put that at the net cost per passing, the $3,800 that we've talked about for RDOF, it would put the run rate next year on the order of $500 million higher than where we are inside of this year, assuming that all of the other components of line extensions remain the same, which there is a little variability there. But I think it's a good way to think about the issue overall. I think you have to couple that on the other side, with an understanding that network evolution spend sort of like our rural construction, is front loaded. There's a lot of costly preparation and inventory building work that needs to be done before you make it into the field to actually do the high slip or to replace equipment. We expect that we're going to spend a little over $1 billion this year in 2023 on high split, which leaves a substantial a substantial amount of spend in the project and a large portion of which if we continue at our current pace would hit inside of next year. So adjusting the timing of high split won't be enough probably to fully offset the additional line extension spend, but it can help. And as Chris said, we are looking at it sort of in the context of a total package to say, what's an appropriate amount of capital expense load to put against the business given where we sit. No, you're right. I want to say one more thing about it, though. So as we think about all of this investment that we're making in rural, I think it's probably -- we need to drive additional visibility around sort of the value that's related to having sort of unique one-time capital investments like that. We're taking a look at a lot of different ways we could think about that. We consider it a JV, but the returns are so strong. I don't think we want to share them. We've”