Everstream to buy Pennsylvania fiber assets from Uniti
Fiber-based business services provider Everstream says it has agreed to buy fiber network assets in Pennsylvania from Uniti. The transaction will see Everstream add more than 5,600 route miles to its network, an increase in its total footprint of more than 35%. Terms of the deal were not disclosed. The AMP Capital Global Infrastructure platform, the majority owner of Everstream, will provide funding.
The new infrastructure includes fiber networks in Pittsburgh and Philadelphia, which Everstream says it will connect to its networks in other cities in the Midwest, including Chicago (see "Everstream to offer fiber network services in metro Chicago"). The infrastructure covered in the agreement includes both metro and long-haul fiber and includes 10 additional cities beyond Pittsburgh and Philadelphia.
Everstream will pick up services currently being supplied to Uniti customers on these networks, including Ethernet and internet services of up to 100 Gbps.
“Everstream’s acquisition of the Uniti network assets in Pennsylvania provides reach into new markets, from which we will continue to densify the network,” said Everstream President and CEO Brett Lindsey. “The network spans the state, and these markets will now experience Everstream’s unrivaled commitment to customer service and the unique way in which we deliver services.”
The purchase complements Everstream’s ongoing initiative to invest $300 million to expand its footprint (see “Everstream announces new market targets, closes LightBound acquisition” and “Business fiber network service provider Everstream closes debt financing of $342.5 million”).
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Stephen Hardy | Editorial Director and Associate Publisher, Lightwave
Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.
Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.
He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.
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