It's not often we hear about a metro fiber expansion from XO Holdings (news, filings). Yesterday though, the company announced such an initiative in Seattle. The company had about 200 miles of metro fiber in Seattle already, but has been seeing a growth in demand in areas adjacent to its current footprint. Therefore they are adding a loop or two, in this case for connectivity to and around the northern suburbs of Everett, Kirkland and Bothell.
I do wonder about the quote in the PR from Mitzi Sachs of XO that starts with "At a time when many service providers are closing markets or scaling back operations". When it comes to metro fiber, I haven't heard of too many operators closing markets or scaling back operations of late. Expansion has been the rule, though I suppose there is regional variation. Is Seattle that tough a market right now?
Nevertheless, it's nice to hear something now and then from XO's metro fiber, it's their best asset. Still waiting for XO to make some sort of decision about its cash position. Are they going to raise some or not?
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