AboveNet (NYSE: ABVT) has decided to tap into Denver, Colo.'s lucrative business services market, one that includes an array of Fortune 1000 companies, by building a new private metro fiber network.
Spanning 97 route miles of 432 and 216 fiber cables, AboveNet's Denver fiber network will deliver 23,000 fiber miles to support the area's Fortune 1000 companies and other large enterprises. Already selling to Denver-based commercial customers, AboveNet said it will install more dark fiber and "other selected lit services will be available for service by January 1, 2011.
While AboveNet has not announced any customer wins yet, the Denver market is ripe for alternative fiber competitive carriers. Home to a number of major companies, including Molson Coors Brewing Co., Siemens Energy, and Western Union, AboveNet's move into the area could be a potential new revenue maker for the service provider.
- see the release here
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