Everstream Acquires Arch Fiber Networks

 

  • Arch Fiber Networks
  • Everstream

CLEVELAND – Everstream, a regional network service provider bringing fiber-based Ethernet, internet and data center solutions to businesses throughout the Midwest, announced it has acquired Arch Fiber Networks, a provider of high-bandwidth connectivity needs and the only purpose-built dark fiber network in St. Louis, Missouri. The transaction includes a 75-mile conduit system with 55 route miles of fiber. The additional 20 miles of ducts are fiber-ready.

Notably, the acquisition includes two duct crossings that run underneath the Mississippi River between St. Louis, Missouri, and East St. Louis, Illinois. Seventy-one buildings will have immediate access to Everstream’s high-speed, low-latency Business Fiber Network. In total, 32 buildings are fiber-ready and 39 are considered on-net-ready with conduit fed to the site.

Expanding Regional Offerings
“This opportunity fits well with several of Everstream’s strategic initiatives for the region,” said Everstream President and CEO Brett Lindsey. “It has advanced our timeline for the St. Louis market, allowing us to have a sales and network presence sooner than expected, and gives Everstream access to unique fiber routes to accelerate our ability to deliver on existing fiber to the tower projects underway.”

In January, Everstream announced its plans to invest $300 million into its fiber network by building dense metro fiber networks in 12 markets, including St. Louis, Missouri. The company expects to create 35 new jobs in St. Louis by the end of 2020.

 

 

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