|By Business Wire||
|June 23, 2014 01:48 PM EDT||
Lumos Networks Corp. (“Lumos Networks” or the “Company”) (Nasdaq: LMOS), a leading fiber-based service provider of data, voice and IP-based telecommunication services in the Mid-Atlantic region, announced that it has distributed its near-net building list of approximately 15,000 locations to key national and regional carrier partners. This near-net building list has over 7 times the number of on-net buildings, Fiber to the Cell sites and connected data centers that Lumos Networks is currently connected.
“We believe that our near-net building list of approximately 15,000 locations will significantly expand the addressable market of our Carrier End User group and provide us with substantial opportunities to monetize our dense fiber network by securing incremental customer contracts that we would not typically be able to capture through our standard direct Enterprise sales efforts,” said Joseph E. McCourt, Chief Revenue Officer of Lumos Networks.
Mr. McCourt continued, “We look forward to working with our partners to create a “win-win” for customers by providing secure, high bandwidth on-net fiber connectivity at reduced installation times. We are committed to responding quickly to Ethernet capacity requests for 100 Mb and higher and we expect that our Carrier End User group will drive an increasingly larger portion of our Enterprise sales as we move through the second half of 2014 and into 2015.”
About Lumos Networks
Lumos Networks is a 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 7,467 fiber route miles, Lumos Networks is connected to 633 Fiber to the Cell sites, 13 data centers and approximately 1,400 on-net buildings. In 2013, Lumos Networks generated over $104 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
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