Northeastern regional and metro operator sidera added some more fiber to its network today by leveraging the new buildout by Allied Fiber. Sidera will add dark fiber routes in New Jersey and Virginia. Allied Fiber's route brings diversity to Sidera's paths through the mid-Atlantic region. Meanwhile, Allied Fiber will have access to Sidera's footprint between Piscataway and NYC and to various key facilities throughout the metro area.
Sidera Networks was formerly RCN Metro before ABRY Partners bought RCN and separated the business. There have been rumors that the asset is back on the market already with a price of 10xEBITDA, but it remains entirely possible that it will be Sidera doing the buying. I get the feeling the various private equity players that bought into metro fiber last year are now deciding whether to fish or cut bait, ABRY included.
Allied Fiber is just finishing up phase 1 of its national wholesale dark fiber buildout plans, after which it expects to move onto phase 2 connecting Washington DC to Atlanta via an Appalachian route and then on down to Miami. Their CEO, Hunter Newby, described his plans in an interview here last year. Now that Allied's dark fiber is now becoming available, I expect we will see many other regional providers use it to fill in some holes and connect islands they couldn't connect before.
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