WAYNESBORO, Va.–(BUSINESS WIRE)–
Lumos Networks Corp. (“Lumos Networks” or the “Company”) (NASDAQ:LMOS, news, filings), a leading fiber-based provider of data, voice and IP-based telecommunication services in the Mid-Atlantic region, announced that its 115 mile fiber route between Richmond and Ashburn, Virginia, is now operational for high-speed, low latency connectivity. This brand new, highly unique route will provide both long-haul networking between these two key cities and Metro/Access rings to offer services to our key Enterprise, Data Center and Carrier customers.
“We are excited that Lumos Networks’ new fiber route from Richmond to Ashburn is now ready for service as it will bring high-speed, secure, fully redundant Ethernet services to two additional locations of ours, in Fredericksburg and in Stafford,” said Joseph K. Wyatt, IT&S Director and HIPAA Compliance Officer of Radiology Associates. “Their fiber network is already connected to six of our facilities in the Richmond area with low-latency 25 meg service and another location in Bluefield, West Virginia with a 100 meg connection.”
Mr. Wyatt continued, “Our business is seeing explosive bandwidth growth due to surging demand for real-time, secure transmission of medical imaging and our network, specifically designed by Lumos from the ground up, has met our requirements every step of the way. We look forward to further strengthening our partnership as our business continues to expand.”
Craig Drinkhall, Chief Technology Officer of Lumos Networks noted, “This new 100G DWDM fiber route is our latest network expansion milestone, connecting two key destinations, Richmond and Ashburn, right in the heart of our 7,800 mile fiber footprint. This route not only increases our addressable market of new Enterprise, Data Center, Carrier End User and Fiber to the Cell (“FTTC”) opportunities, but also reduces our expenses by transferring existing customer traffic onto our fiber network and eliminating associated Type-2 leased costs.”
“Lumos Networks can now provide fully redundant, low latency, 100G fiber service between three key Virginia metro markets: Charlottesville, Richmond and Ashburn,” Mr. Drinkhall continued. “This route, completed on schedule and within budget, can provide resiliency options to our customers that were previously unavailable.”
Joseph E, McCourt, Chief Revenue Officer of Lumos Networks added, “Our key customers throughout our Virginia footprint have been asking for both access to Ashburn, the Data Center Capital of the World, and other destination points along the commercially dense and rapidly growing I-95 corridor, and we can now provide such access. Our sales force has already begun to capitalize on new opportunities along this route and we expect it to be a key contributor to our plans for accelerating data revenue and EBITDA growth in 2015.”
About Lumos Networks
Lumos Networks is a leading fiber-based service provider in the Mid-Atlantic region serving Carrier and Enterprise customers, offering end to end connectivity in 23 markets in Virginia, Pennsylvania, West Virginia, Maryland, Ohio and Kentucky. With a fiber network of 7,822 fiber route miles and over 354,000 total fiber strand miles, Lumos Networks connects 858 unique Fiber to the Cell sites, 31 data centers, 1,477 on-net buildings. In 2014, Lumos Networks generated over $106 million in data revenue over our fiber network. Detailed information about Lumos Networks is available at www.lumosnetworks.com.
SPECIAL NOTE FROM THE COMPANY REGARDING FORWARD-LOOKING STATEMENTS
Any statements contained in this news release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. The words “anticipates,” “believes,” “expects,” “intends,” “plans,” “estimates,” “targets,” “projects,” “should,” “may,” “will” and similar words and expressions are intended to identify forward-looking statements. Such forward-looking statements reflect, among other things, our current expectations, plans and strategies, and anticipated financial results, all of which are subject to known and unknown risks, uncertainties and factors that may cause our actual results to differ materially from those expressed or implied by these forward-looking statements. Many of these risks are beyond our ability to control or predict. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. We do not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future events or otherwise. Important factors with respect to any such forward-looking statements, including certain risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, include, but are not limited to: rapid development and intense competition in the telecommunications and high speed data transport industry; our ability to offset expected revenue declines in legacy voice and access products related to the recent regulatory actions, wireless substitution, technology changes and other factors; our ability to effectively allocate capital and implement our “edge-out” expansion plans in a timely manner; our ability to complete customer installations in a timely manner; adverse economic conditions; operating and financial restrictions imposed by our senior credit facility; our cash and capital requirements; declining prices for our services; our ability to maintain and enhance our network; the potential to experience a high rate of customer turnover; federal and state regulatory fees, requirements and developments; our reliance on certain suppliers and vendors; and other unforeseen difficulties that may occur. These risks and uncertainties are not intended to represent a complete list of all risks and uncertainties inherent in our business, and should be read in conjunction with the more detailed cautionary statements and risk factors included in our SEC filings, including our Annual Report for the year ended December 31, 2014.
Vice President of Investor Relations and Chief of Staff