Showing posts with label Lumos. Show all posts
Showing posts with label Lumos. Show all posts

Thursday, February 14, 2019

Lumos lights up 10G PON in rural Virginia with ADTRAN

Lumos Networks is deploying ADTRAN's 10G fiber access portfolio to deliver network-wide 10Gbps or 10G fiber services for small business customers in rural Virginia.

Lumos Networks, which has been an ADTRAN customer for nearly a decade, is using the ADTRAN Total Access 5000 fiber broadband platform as the cornerstone of its access network. The carrier is now using the ADTRAN software-defined access (SD-Access) architecture.

“The number of applications that require more robust broadband services continues to grow for both residential and small business customers, especially with emerging technologies accelerating network demands,” said Lumos Networks SVP and General Manager Diego Anderson. “Our partnership with ADTRAN positions us to create reliable connections with our customers while delivering a level of distinguishing service and support over a fiber-based infrastructure. The initial product offering will include tiered symmetrical speed profiles of two, four and eight gigabits per second for delivering higher-speed solutions to meet evolving customer requirements. We also anticipate increasing speed profiles in the future based on the flexibility provided within this platform.”

“Lumos Networks is committed to serve as the leading provider of fiber broadband services in each of its markets so that its customers can reap the benefits that next-generation 10G services bring to communities and individual customers,” stated ADTRAN’s Vice President and Head of Sales for the Americas Harris Razak.

Tuesday, February 21, 2017

Sweden's EQT Investment Firm to Buy Lumos Networks for $950 Million

Lumos Networks, a fibre-based service provider in the Mid-Atlantic region, announced that it has entered into a definitive agreement to be acquired by the EQT Infrastructure investment strategy for $18.00 per share, representing an enterprise value of approximately $950 million.

Under the terms of the agreement, EQT Infrastructure will acquire all of Lumos Networks' common stock for $18.00 per share, representing a premium of 18.2% to the Lumos Networks closing price of $15.23 on February 17, 2017. The offer price also represents a 34.9% premium to the volume-weighted price average over the last 12 months of $13.35 and a 16.5% premium to $15.45, the average closing price for the past 20 trading days.

Lumos Networks serves carrier, enterprise and data centre customers, offering end-to-end connectivity in 24 markets in Virginia, Pennsylvania, West Virginia, Maryland, Ohio and Kentucky. It has a fibre network of 9,204 fibre route miles and 475,507 total fibre strand miles that connects 1,297 fibre-to-the-cell sites, 1,642 FTTC connections, 36 data centres, including 7 company owned colocation facilities, 1,984 on-net buildings and around 3,300 on-net locations.

Recently, Lumos announced it had acquired Charlotte, North Carolina based DC74 Data Centers for $23.5 to $28.5 million, depending on future growth earn-out projections. It also recently announced closing of its acquisition of Clarity Communications, with a 730 mile fibre network with 75 on-net locations, mainly in North Carolina.

EQT stated that the transaction has been approved by all voting members of the board of directors. Completion of the transaction, subject to shareholder approval, regulatory approval and other customary closing conditions,
is expected during the third quarter of 2017.

EQT, based in Sweden, is an alternative investments firm with approximately Euro 31 billion in raised capital in 21 funds with portfolio companies in Europe, Asia and the U.S. Portfolio companies include Norwegian broadband provider Broadnet, IP-Only, a provider of data communications and data centre services in Sweden, subsea telecom infrastructure provider IslaLink.

Wednesday, November 9, 2016

Lumos to Acquire Clarity for North Carolina Fiber Network

Lumos Networks, which is a fiber-based service provider in the mid-Atlantic region, agreed to acquire Clarity Communications.  Financial terms were not disclosed.

Clarity operates a 730 mile fiber network with 75 on-net locations located across four states in the south-eastern United States. The vast majority of Clarity’s operations and fiber mileage is in the state of North Carolina.

Timothy G. Biltz, CEO of Lumos Networks said “Clarity, led by founders Todd Peverall and Andy Carwile, gives us an instant foothold within the Carrier and Enterprise verticals in many high growth North Carolina markets and gives us a new sales channel into various government end markets, including military installations and e-rate. Clarity will be a contributing factor in Lumos achieving the necessary scale needed to become a pure play fiber bandwidth infrastructure company.”

Lumos offers end-to-end connectivity in 24 markets in Virginia, Pennsylvania, West Virginia, Maryland, Ohio and Kentucky. It has a fiber network of 9,204 fiber route miles and 475,507 total fiber strand miles, connecting 1,297 unique Fiber to the Cell sites, 1,642 total FTTC connections, 36 data centers, including 7 company owned co-location facilities, 1,984 on-net buildings and approximately 3,300 total on-net locations.

http://www.lumosnetworks.com

Tuesday, July 9, 2013

Lumos Networks Lights 100G Wavelengths Across Mid-Atlantic States

Lumos Networks launched 100Gbps wavelength services across its Mid-Atlantic fiber network., which spans over 5,800 route miles across Virginia, West Virginia and portions of Pennsylvania, Kentucky, Ohio, and Maryland.

Lumos said a single 100 Gbps wavelength is more economical for its customers than operating multiple 10 Gbps wavelengths.

“This service is poised to handle the ever growing demand for increased bandwidth of both wholesale and enterprise customers. 100Gbps is in early adoption stage and is being used by carriers to support network transport. Similar to 1Gbps wavelength service, Lumos anticipates increased adoption as enterprise demand increases. By launching this product today, Lumos is demonstrating that they are ready to meet the growing demand for this high capacity service,” said Lumos Networks Vice President of Product Management & Engineering Craig Drinkhall. “We see a migration to 100Gbps across our footprint as necessary to meet the dramatic surge in network traffic,” he added.

http://www.lumosnetworks.com

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