Shenandoah Telecommunications Co

Good morning, everyone. Welcome to Shenandoah Telecommunications' second quarter 2022 earnings conference call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Mr. Kirk Andrews, Director of Financial Planning and Analyst for Shentel.

Good morning, and thank you for joining us. The purpose of today's call is to review Shentel's results for second quarter 2022. Our results were announced in a press release distributed this morning and the presentation we'll be reviewing is included on the investor page at our website, www.shintel.com. Please note that an audio replay of this call will be made available later today. The details are set forth in the press release announcing this call. With us on the call today are Chris French, President and Chief Executive Officer, Ed McKay, Executive Vice President and Chief Operating Officer, and Jim Volk, Senior Vice President of Finance and CFO. After our prepared remarks, we will conduct a question and answer session. As always, let me refer you to slide two of the presentation, which contains our safe harbor disclaimer, and remind you that this conference call may include forward-looking statements subject to certain risks and uncertainties. These may cause our actual results to differ materially from the statements. Therefore, we have provided a detailed discussion of various risk factors in our SEC filings, which you are encouraged to review. We are cautioned not to place undue reliance on these forward-looking statements. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statement. With that, I will now turn the call over to Chris. Go ahead, Chris.

Thanks, Kirk. We appreciate everyone joining us this morning, and I hope everyone is staying healthy and safe. Before reviewing the highlights of our second quarter results, I'd like to reflect on our progress over the past few years. We adopted our fiber to the home strategy about four years ago when we identified that Tier 3 and 4 markets were demanding faster broadband speeds, more reliable service, and choice of broadband providers. We spent the first year defining our underwriting, network design, brand, and go-to-market processes and launched our first Glow Fiber Markets in the fourth quarter of 2019. Since then, we've made remarkable progress in refining our strategies and accelerating our network builds and customer acquisition. We now have in place a platform that we can leverage for the next several years. I'm very proud of how our team has rallied around our Fiber First strategy and our ability to delight our customers. I'll now provide an update on Glowfiber results in the second quarter. As noted on slide four, we had another record quarter with Glowfiber data net additions of approximately 3,300, increasing sequentially almost 39% as our fiber network expanded and our brand awareness grew. Glowfiber is quickly earning a reputation as the fastest cementing with local customer service and fair pricing. The accelerated sales reaffirms our investment thesis that residents and businesses in our target markets want a high quality option for their internet service. We expect net ads to trend up as we continue to expand our network and awareness of the Glowfiber brand grows. Turning to slide five, we added almost 19,000 new Glowfiber passings in the quarter and ended the second quarter with approximately 113,000 passings. We're well on our way to reaching our goal of 150,000 Glow passings by year end. Our government relations team also made excellent progress in securing new Glow Fiber franchise agreements, adding approximately 72,000 new franchise passings in the second quarter, and bringing our total franchise and government grant award passings to 330,000 or 89% of 2026 target fiber passing. We now have clear visibility in our fiber network expansion plans. With that, I'll now turn the call over to Jim to review the details of our financial results.