For a small company, FiberLight has had a voracious appetite for organic expansion lately. The builder and operator of metro fiber networks is expanding its networks deeper into Virginia, announcing today its plans for a new route to Charlottesville. The build will extend the Culpeper route the company constructed last year by some 46 miles and complete a direct connection to the Washington DC area and the other 500 route miles they have in the region.
FiberLight's new route will involve some substantial digging and drilling, going underground all the way. I like it when a company takes the time to discuss a bit of the actual construction task ahead of them. According to Ron Kormos, FiberLight’s Chief Development Officer:
"We are going to hit 40,000 PSI rock, and we will use the latest technology in construction and boring equipment to build this network. In addition, we are building cross over pieces that will shorten the distance and overall length of network segments to connect back to D.C., which will reduce latency for our customers and provide an alternate route to reach Washington, D.C., Baltimore and beyond.”
Hmmm, low latency again - not many traders out in Charlottesville, the federal sector seems to be driving the market in Virginia.
I find it interesting that FiberLight has thus far not surfaced in the M&A environment. They seem quite happy to build rather than buy at this point, which is something CEO Mike Miller told me in this interview back in April.