The ongoing regional buildout of Everstream gained some traction out in Missouri today. The Midwestern network builder and operator has revealed plans for an 800-route-mile footprint in the St. Louis metro area.
The new buildout will start out with 150 route miles by the end of October, with another 150 to be lit in Q1 of 2020. Geographically, that will take them into downtown St. Louis, St. Louis County, Missouri, St. Charles County, Missouri, and the Metro East region of Southern Illinois. More specifically, though, the new network will add depth in the key northwestern suburbs of O'Fallon and St. Charles.
In all, Everstream expects to invest $25M in its infrastructure in the region. That's a 10% chunk of the $250M they earmarked for 2020's expansion, and some of that will go expanding its local office at 900 Walnut downtown with some 20 new staff. Not that many of us will get to go to the office much anytime soon.
Ohio-based Everstream first entered St. Louis last spring with the acquisition of Arch Fiber Networks. That buy gave them a starter set of 75-route miles of fiber and duct downtown hooking up some 32 buildings. Everstream was bought by AMP Capital two years ago.
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