Continues Record of Organic Expansion through Anchor Tenant Agreements
ROCHESTER, N.Y.–(BUSINESS WIRE)–Embarking on the company’s most significant expansion since its inception in 2000, Fibertech Networks will build new metropolitan fiber networks in Akron, Cincinnati, Cleveland, Dayton and Toledo, OH, while considerably increasing its existing Columbus network.
“This is a major expansion for Fibertech and a critical step in our development as one of the largest and fastest growing metro fiber providers in the Eastern U.S.,” said John K. Purcell, Chairman and CEO of Fibertech. “We already have major anchor tenant agreements in place in each of these markets, accelerating our position as a leading alternative access provider in Ohio.”
To date, the company has built and owns more than 8,400 route miles of metro networks in 23 markets, and provisions its connectivity solutions on that infrastructure end-to-end. This differentiator allows Fibertech and its customers unprecedented control, scalability and security of services.
Specifically, Fibertech has networks in Pittsburgh, PA; Indianapolis, IN; Columbus, OH ; Providence, RI; Hartford, Bridgeport, Stamford, Danbury, New London and New Haven, CT; Springfield and Worcester, MA; Syracuse, Rochester, Buffalo, Binghamton, White Plains, and Albany, NY; Wilmington, DE; Montgomery County, MD; Northern and Southern NJ; and Philadelphia.
Since its inception, Fibertech has expanded its metro footprint rapidly in each of the cities it has entered. Typically, the company’s original core network in a given metro market encompasses more than 100 route miles. Today, the company’s average metro network size is well over 300 route miles.
“Our expansion into these new markets will ensure Ohio businesses with cost-effective alternatives for their critical bandwidth applications while enhancing economic development initiatives in each of the communities we’re investing in,” added Purcell.
About Fibertech Networks
Headquartered in Rochester, N.Y., Fibertech Networks is a leader in providing fiber-optic based network services throughout mid-size cities in the Eastern and Central regions of the United States. Fibertech was founded in May of 2000, has built metro-area fiber networks in 23 mid-size markets in the Eastern U.S., and is led by Court Square Capital Partners of New York, N.Y. The company currently owns and operates a fiber optic network of more than 8,400 route miles, which contains more than 6,400 on-net buildings and nearly 2,100 cell sites with its fiber-only network infrastructure. With this network, Fibertech serves wireline and wireless carriers, data centers, large enterprises, and facilities in the higher education, healthcare, and government verticals. Further information about the company can be found at www.fibertech.com.
Dan Clifton, 585-697-5166