“Our RDOF build should still be completed by the end of 2026, two years ahead of schedule.”

In context

“end of ACP. After those effects in the fourth quarter, we expect the onetime impacts from ACP to be behind us. Turning to rural. We ended the quarter with 696,000 subsidized rural passings. We grew those passings by a 114,000 in the third quarter and by 381,000 over the last 12 months. And we had 41,000 net customer additions in our subsidized rural footprint in the quarter. We now expect to activate close to 400,000 new subsidized rural passings in 2024. About 35% more than in 2023, but lower than our original 2024 plan of 450,000 due to shifting construction labor to rebuild activity in storm impacted markets. We expect our subsidized Rural Construction activity to recover by the end of the fourth quarter and that reacceleration of activity to put us on a higher pace in 2025 as planned. Our RDOF build should still be completed by the end of 2026, two years ahead of schedule. Moving to third quarter revenue on Slide 9. Over the last year, residential customers declined by 1.8%, while residential revenue per customer relationship grew by 1.8% year-over-year given promotional rate step ups, rate adjustments, the growth of Spectrum Mobile and $63 million of residential customer credits in the prior year period related to the temporary loss of Disney programming in September 2023. These factors were partly offset by a higher mix of non-video customers, growth of lower priced video packages within our base and $25 million of costs allocated to programmer streaming apps, which are netted within video revenue. As Slide 9 shows, in total, residential revenue grew by 0.3% year-over-year. Turning to commercial, total commercial revenue grew by 2% year-over-year with SMB”