When Tiger Infrastructure Partners moved in with Hudson Fiber Network last September, I wondered what the company might use its new resources on. We learned the answer to that question today, as the company revealed an expansion into the dark fiber market in Manhattan.
Today's move by HFN gives them a supply of dark fiber to call their own, with initial connectivity into the usual suspect data centers at 111 8th, 60 Hudson, and 325 Hudson. The new, recently installed fiber runs through the subway system, helping the company to reduce opex expenses and moving toward a more asset-rich business model.
Of course, HFN has long been a significant player New York and the surrounding metro area, but their business model has until now been about leasing dark fiber pairs from existing fiber networks and piecing together ideal, low latency routes. That has now changed, and HFN has its own stockpile of raw dark fiber to work with. Additionally, they have full splice rights as well, and will be looking to bring additional data centers and enterprises on-net.
The next steps will take them downtown to the data centers at 375 Pearl, 32 Ave of the Americas, and 85 10th. From there, one can only assume they'll replicate the same shift into the fiber layer across the Hudson in northeastern New Jersey where they have already been quite active. Its financial customer base has taken HFN far beyond the NYC metro area in the past of course, so there is plenty left to do beyond that if desired.
HFN also brought in Robert Hagan as its CFO a couple weeks ago. Hagan was once CFO at KMC Telecom before its sale to Telcove and CenturyLink, and is returning to the fiber business after a stint in the same role at H2M Bverages.
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