Lumos Networks announced connectivity into two significant data centers this week as it posted its second quarter 2014 earnings. They've been expanding on multiple fiber fronts lately, but with offsetting trends from legacy services holding down their overall revenues.
In its newest market of Richmond, Lumos has hooked up one of the biggest locations on the east coast. They recently connected up their network to QTS's 1.3M square foot data center campus there. That's the former Qimonda semiconductor plant that QTS bought and renovated a few years back. Since building out its 110 miles of metro fiber network in the city, Lumos has apparently managed to book $4.2M in annualized revenues.
And back in West Virginia, Lumos has signed a contract for fiber connectivity to DC Corp's 180,000 square foot data center in Martinsburg. The facility lies 90 miles from Washington DC, and features both the usual colo and managed data services plus office and conference facilities. That gives Lumos 16 data centers on-net in their footprint so far, with 20 expected by the end of 2014.
As for those financials, Lumos posted revenues of $50.2M and EBITDA of $22.7M, which was pretty much as expected. The company maintained its guidance for full year 2014 guidance of $20M in revenue and $90M in EBITDA. They still plan to have 825 cell sites on-net by the end of the year, with 40% growth in revenue from that vertical.
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