CLEVELAND — Everstream, the business-only fiber network, has announced a definitive agreement to purchase a 200-plus-mile Indianapolis-based fiber network and CLEC operation from DataBank, a leading provider of enterprise-class data center, connectivity and managed services. The fiber network and CLEC assets originally owned by LightBound were purchased by DataBank.
Dedicated to building a technologically advanced fiber network, Everstream has accelerated its planned entry into the Indianapolis market with its intent to purchase these fiber assets. When fully completed, the Everstream network will cover the Indianapolis metro area.
Expanding Midwest Footprint
“By acquiring existing fiber network in Indianapolis, Everstream is able to expand its Midwest footprint and begin serving area businesses more quickly than expected,” said Everstream President and CEO Brett Lindsey. “Our enterprise-grade network provides businesses with enhanced reliability, optimal routes and maximum performance, and is complemented by Everstream’s dedication to corporate transparency and customer support.”
This transaction coupled with Everstream’s planned expansion in Indianapolis includes:
The DataBank transaction will provide Everstream with a lit fiber network from which to serve new and existing customers while it continues to expand Everstream’s fiber footprint throughout the Indianapolis metro area. With this transaction, Everstream is on track to grow to more than 15,000 miles of fiber with more than 3,000 on-net locations in 12 markets throughout the Midwest by the end of 2020.
DataBank and Everstream have been working together closely to ensure LightBound’s core business services continue to flourish under like-minded ownership. Moving forward, DataBank and Everstream will partner closely as each company combines the legacy LightBound assets with their core business segments — namely data centers and fiber networks, respectively.
“We are looking forward to working with Everstream as we serve existing and new enterprise customers in Indianapolis,” said DataBank CEO Raul Martynek. “We are excited about expanding our edge data center presence in the market while collaborating with a fiber network partner like Everstream.”
Comments
Read what others have to say, and share your own thoughts with the community.