Rochester-based Fibertech says it has finished a major new expansion in Connecticut, which has long been one of its deepest markets. They've added another 850 route miles of fiber in the state, extending their footprint to 3,500 route miles in all.
Demand for fiber connectivity by the enterprise sector is driving greater opportunities for Fibertech in the state, which serves as their Eastern regional hub. In addition to the new fiber, they've now added a new 4,200 square foot regional office in Cheshire complete with an 850 square foot training facility.
Finishing off the Connecticut project will perhaps free up a few hands for further organic growth projects. Of course, they've already got that big buildout in Ohio to work on with new metro networks in Akron, Cincinnati, Cleveland, Dayton, and Toledo planned for completion next year.
Other than trading private equity hands a few years ago, Fibertech's expansion over the years has been an entirely organic story. I think they remain a potential target for consolidation should the price be right. The fit with either Zayo or Lightower is impressive, but thus far things are still quiet on that front.
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