Lumos Networks announced that its 1 Gbps service, branded GIGABIT FAST, is now available across its entire RLEC fiber-to-the-premise footprint. The announcement essentially seals a promise the company made in March to reach the buildout goal.
Lumos Networks has brought its dark fiber connectivity into the EdgeConneX Edge Data Center in Norfolk, Va., marking the 35 th data center in the region and the first data center Lumos has connected to in its Norfolk/Hampton Roads, Va., expansion market.
Lumos Networks may be mulling how to break itself into two separate companies-- the metro fiber company and its rural local exchange carrier operation-- but the provider continues to make progress with expanding its FTTP-based broadband customer base.
Lumos Networks is putting together a foundation to potentially create a fiber-centric company by the end of the year that would focus on selling wholesale and retail services to carriers and enterprise customers in its territory.
Lumos Networks continues to advance it status as a business provider to Virginia's state and local government agencies by gaining authorized vendor status from the Virginia Information Technologies Agency (VITA). This means it can now serve bandwidth to the state's government agencies and help its E-Rate efforts.
Lumos Networks may be focusing more of its attention on wireless backhaul and business customers, but the service provider's move to bring its 1 Gbps FTTH service to Botetourt County, Va., shows it has responded to the Tier 2 market need for higher speed broadband.
Flush with new funding from Pamplona Capital, Lumos Networks said it is now in a position to pursue potential acquisitions, particularly in the data center colocation and regional fiber provider space.
Lumos Networks' current dark fiber revenues may still be relatively small at $1 million, but the telco cites growing interest from wireless operators and enterprise customers as factors that will drive up revenues in the coming year.
Lumos Networks has secured $150 million in funding Pamplona Capital Management, enabling it to pay down debt and pursue new potential organic and inorganic growth opportunities.
Lumos Networks says that as it moves forward with its fiber-to-the-cell (FTTC) initiative, it expects that legacy TDM-based T-1 revenue will fade out of its wholesale wireless backhaul revenue at some point in 2016.