Rumors may have them on the block, but life does go on and sidera announced two key expansionary moves yesterday.
To the east, Sidera entered into a strategic alliance with Exponential-e, under which the two companies will expand each other’s network reach. The deal is aimed in particular at the financial vertical and makes a lot of sense, as both companies lack infrastructure on the opposite side of the Atlantic and don’t compete directly. Together they can expand their addressable market, as Exponential-e will have better low latency access to key locations in New York and Chicago, while Sidera will be able to serve customers looking for European connectivity.
And to the west, Sidera has completed a fiber buildout into the western suburbs of Chicago. Their footprint in the windy city was historically a downtown one that was tied to the RCN days, but the new route takes them out to Aurora and into the Chicago Medical District. Sidera’s Chicago market still looks lonely, being so far from the rest of their footprint. I have wondered if they won’t find a way to fill in part of that gap via M&A at some point, e.g. via First Communications or even Fibertech. That is, if ABRY doesn’t decide to cash out instead.
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