After consolidating and integrating several fiber assets up in Michigan, Everstream has moved onto its next project and it's definitely not a minor one. The Midwestern fiber network operator announced plans on Wednesday to invest $300M in new fiber builds across the region.
Everstream plans to add some 6,000 route miles of fiber to its footprint. Much of that will go toward dense metro networks in 12 markets. A few of those, such as Michigan, Northeastern Ohio, and Wisconsin (Green Bay, Madison, and Milwaukee) are not new to them of course.
But they are also taking on two more cities in regions adjacent to their existing footprint in the south, reaching into markets in Ohio (Dayton, Columbus), Indiana (Fort Wayne, Indiana, Indianapolis), Kentucky (Lexington, Louisville), and Missouri (St. Louis). The only big city on that southern frontier not on their list seems to be Cincinnati.
Backing that buildout will of course be Everstream's new owners over at AMP Capital, which closed its purchase of the company a few months ago. If all goes well, the buildouts will take place over the next six quarters, finishing in Q2 of 2020.