Fiberlight announced that they have raised $13M in debt from CoBank, the first time they have ever accessed the debt markets directly. The company has been building out heavily in the DC area this year, including a completely new build to Culpeper VA hooking up Terremark’s new facility. The difficulty for smaller players in this space hasn’t been finding worthwhile projects, but finding the funding for them. Fiberlight isn’t saying precisely what they will do with the money, but it’s no mean feat to raise money these days. It can be done, but only with good reason – I’ll bet they have something in mind that we’ll hear about this fall.
New York City metro provider Lexent Metro Connect has hooked up with turnkey datacenter solution provider Fibermedia to bring the carrier hotel at 75 Broad Street on net. Lexent has been on the move lately, adding more buildings to its network throughout the area. In June, of course, it was the new Yankee Stadium that came on-net.
And late last week, Optimum Lightpath was selected by GAIN Capital for low latency metro Ethernet services. There is lots of movement in the financial vertical right now, everyone seems to be looking for almost absurdly low latency trading capabilities. It’s a great opportunity for metro fiber providers to gain some market share. This sort of thing is precisely what such fiber footprints were built for, yes?
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