With its extensive buildout around the Midwest well underway, Everstream is taking aim at the elephant in the room. That’s Chicago of course, which is the region’s main hub by any measure.
By the end of 2020, Everstream plans to have 500 route miles in place in the Chicago network area. The first 50-mile leg will be lit in March and will hook up Elgin, East Dundee, Carpentersville, Algonquin, Streamwood, Itasca, Addison, and Oak Brook. When fully complete, the expansion will add 1,200 route miles to Everstream’s footprint, which will extend outward into the suburbs of Rockford, McHenry, Schaumburg, Aurora, Naperville, Downers Grove, and Bolingbrook.
Everstream feels that beyond data center connectivity, those suburbs are underserved when it comes to the enterprise and business markets. They’ll be spending $56M throughout the region in order to take advantage of those opportunities.
Everstream has plans to invest $250M into markets around the Midwest this year, funneling resources from AMP Capital into tangible fiber infrastructure. Some of that may go into inorganic opportunities like the recent LightBound deal, but it seems as if most of the company’s plans are of the organic variety.
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