FAIRPORT, N.Y. - November 16, 2011
PAETEC Holding Corp. (NASDAQ GS: PAET), a national competitive provider of communications solutions, announced today that it has been selected to complete the remaining leg of the Transtelco Texas fiber route that runs between El-Paso and Temple. PAETEC will also provide routes linking the rest of Central Texas.
Under the arrangement Transtelco obtains a fifty percent share of the PAETEC route to El Paso allowing it to significantly increase its fiber capacity and provide additional SONET ring diversity to its client base operating across the southern U.S. and Northern Mexico.
"This agreement with Transtelco supports our overall strategy to continue to serve our customers through expanded fiber networks," said Arunas Chesonis, PAETEC's chairman and CEO. "Creating a joint venture with a well established fiber operator like Transtelco allows us to not only expand our extensive U.S. fiber network, but also presents additional services not before available to our Texas customers."
Work to complete the final El-Paso-Temple route is underway and the Central Texas route is expected to be available for service this year. In accordance with the project build-out plan, the El Paso-Temple-Dallas route is expected to be open for service to customers in early 2012.
"Collaborating with PAETEC provides Transtelco not only with additional further diversification within its cross border network but assures us that our goal of operating one of the most reliable networks on the U.S./Mexico border will ensue," said Miguel Fernandez, CEO of Transtelco. "Additionally, the significantly increased fiber capacity, and the ability to now provide SONET diversity between locations within our network, will allow us to better meet the growing needs of our cross border clients."
Located in the heart of the largest border region in the world, with a geographic focus on the Southern United States and Mexico, Transtelco delivers world class telecommunication services including Transport, Direct Internet Access, Last Mile, Voice and Collocation Solutions for Carrier and Enterprise customers over a Next-Generation fiber optic platform. Their philosophy of "simplified communications" allows its clients to focus on their core business while it solves their telecommunications issues. For more information, visit www.transtelco.net.
PAETEC (NASDAQ: PAET) is personalizing business communications for medium and large businesses, enterprise organizations and institutions across the United States. We offer a comprehensive suite of IP, voice, data, and Internet services, as well as enterprise communications management software, network security solutions, CPE, and managed services. For more information, visitwww.paetec.com.