WAYNESBORO, Va.--(EON: Enhanced Online News)--Lumos Networks Corp. (“Lumos Networks” or the “Company”) (Nasdaq: LMOS), a leading fiber-based service provider in the Mid-Atlantic region, anticipates that its growing list of Enterprise customers in the Richmond and Norfolk/Hampton Roads markets will continue to seek advanced, secure fiber connectivity to data centers in the region, including Peak 10 in Richmond.
“Our combined 822 mile fiber network expansion into the high growth markets of Richmond and Norfolk constitutes an estimated enterprise addressable market of $221 million and provides enterprises access to a true carrier-class footprint that was architected specifically for the strict requirements of service providers”
“Our combined 822 mile fiber network expansion into the high growth markets of Richmond and Norfolk constitutes an estimated enterprise addressable market of $221 million and provides enterprises access to a true carrier-class footprint that was architected specifically for the strict requirements of service providers,” said Tim Biltz, CEO of Lumos. “This creates a real advantage for customers in their internal operations and external customer-facing activities.”
In addition to genuine carrier-class connectivity, the Lumos network provides customers with access to top-tier data centers in eastern VA like the Peak 10 data center in Richmond. Peak 10’s site is engineered with multiple levels of security, uninterruptible power, HVAC systems, fire suppression and around-the-clock monitoring and management. This facility allows customers to access colocation space, cloud, and disaster recovery assets to ensure uptime to their business.
“Enterprises count on Peak 10 to enable their Hybrid IT solutions through a rich set of connectivity options. Our data center infrastructure and solutions must operate seamlessly with their environments, as if our locations and services are part of their IT organization,” said Mike Fuhrman, CTO for Peak 10. “In order to deliver this unified experience, Peak 10 data centers must connect to industrial-strength networks so customers can achieve the flexibility, speed and reliability they need for business success.”
“The use of hosting and cloud computing is a given now, so enterprises expect their network provider to connect to data centers that support these services as well as robust disaster recovery operations,” explained Biltz. “Having a first-class data center, like Peak 10’s Richmond facility, on our network clearly answers this need and underscores our recognition that data center connectivity is critical to enterprise success. Peak 10’s location is perfect for Lumos customers who need to reach a full-service, high-performance data center in the Richmond area.”
About Peak 10
Peak 10 provides reliable data center, connectivity and cloud services for broad IT infrastructure requirements. Its solutions are flexible and designed to scale and adapt to customers' changing business needs, enabling them to lower costs, improve performance and focus internal IT resources on their core competencies. Peak 10 serves customers with national and global IT requirements from 16 facilities, consisting of more than 860,000 square feet, serving more than 2,200 customers across 10 markets in the U.S. Peak 10 undergoes annual examinations by third party auditors and helps companies meet the compliance requirements of various regulatory and industry standards such as SOC 1, SOC 2, SOC 3, HIPAA, PCI DSS, FISMA, ISO 27001 and ITAR. For more information, visit www.peak10.com or the Peak 10 Newsroom for the latest news.
Lumos Networks is a leading fiber-based service provider in the Mid-Atlantic region serving Carrier, Enterprise and Data Center customers, offering end-to-end connectivity in 24 markets in Virginia, Pennsylvania, West Virginia, Maryland, Ohio and Kentucky. With a fiber network of 9,204 fiber route miles and 475,507 total fiber strand miles, Lumos Networks connects 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. In 2015, Lumos Networks generated over $114 million in Data revenue over our fiber network. Detailed information about Lumos Networks is available at WWW.LUMOSNETWORKS.COM.
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Any statements contained in this press 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: the impact of the acquisitions of Clarity Communications and DC74 Data Centers on our operations; rapid development and intense competition with resulting pricing pressure in the telecommunications and high speed data transport industry; our ability to grow our data business on an organic or inorganic basis in order to offset expected revenue declines in legacy voice and access products; our ability to obtain new carrier contracts or expand services under existing carrier contracts at competitive pricing levels to offset churn and achieve revenue growth from our carrier businesses; our ability to separate our legacy business on a timely basis; our ability to effectively allocate capital and timely implement network expansion plans necessary to accommodate organic growth initiatives; our ability to complete customer installations in a timely manner; adverse economic conditions; operating and financial restrictions imposed by our senior credit facility and our unsecured debt obligations; our cash and capital requirements; 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 filed on Form 10-K.