Fibertech Networks, a competitive fiber-centric provider serving businesses in the eastern and central United States, has added over 850 miles of fiber to its network in Connecticut, giving it over 3,500 of its own fiber route miles in the state. The provider's service reach has sparked some speculation as to whether it will become an acquisition target as the market consolidates.
The service provider's Connecticut network provides connections to all of the state's major cities including Hartford, Bridgeport, Stamford, Danbury, New London and New Haven.
What's attractive for customers inside and outside of Connecticut is that the network offers connectivity through Westchester, N.Y., and onto its other networks in New Jersey, Delaware and Maryland.
"Business growth in Connecticut, coupled with increasing demand for broadband connectivity, has allowed Fibertech to aggressively expand its presence in the State," said Michael Hurley, VP of sales and marketing for Fibertech, in a release.
In tandem with the fiber expansion effort, Fibertech also opened a 4,200 regional office in Cheshire, Conn., where it will house operations, sales and administrative personnel and an 850 square foot training facility.
The fiber expansion in Connecticut has been one part of an ongoing process the CLEC has taken throughout the territories in which it provides service. The provider recently announced that it will expand its presence in Ohio.
Last December, the service provider began a fiber build in Cincinnati where it will challenge established business service providers Cincinnati Bell (NYSE: CBB) and Time Warner Cable (NYSE: TWC). Fibertech plans to enter other key markets in the state, including Akron, Cleveland, Dayton and Toledo, and to expand its holdings in Columbus.
Given the amount of consolidation taking place in the competitive fiber provider segment, particularly in the Northeast and Midwest corridors of the United States, Fibertech could be a potential acquisition target for either Zayo or Lightower.
"I think they remain a potential target for consolidation should the price be right," a Telecom Ramblings article said. "The fit with either Zayo or Lightower is impressive, but thus far things are still quiet on that front."
For more:
- see the release
- Telecom Ramblings has this article
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