WAYNESBORO, Va.--(BUSINESS WIRE)--Lumos Networks Corp. (“Lumos Networks” or the “Company”) (Nasdaq: LMOS), a leading fiber-based service provider of data, voice and IP-based telecommunication services in the Mid-Atlantic region, announced that it recently connected QTS’ mega data center in Richmond, Virginia with fiber. This marks the fifteenth commercial data center connected to the Lumos fiber network and the second in Richmond. Lumos operates a 110-mile fiber network in this key “edge-out” market for the Company.
”We are pleased to work with Lumos Networks to provide secure, reliable high speed fiber bandwidth into our 1.3 million square foot campus in Richmond,” said Shelagh Montgomery, Executive Vice President, Strategic Client Management, QTS. “We hope to leverage our data center solutions and fully managed services across Lumos Networks’ key Enterprise accounts in their Mid-Atlantic footprint.”
Timothy G. Biltz, CEO and President of Lumos Networks said, “I am delighted to announce that we have completed fiber connectivity into QTS’ data center in Richmond, Virginia. QTS is a leading national provider of a broad array of data center solutions and we are excited about the potential of expanding their services across our Enterprise base of customers and providing state of the art fiber bandwidth connectivity in our approximately 7,500 fiber mile footprint.”
Joseph E. McCourt, Chief Revenue Officer for Lumos Networks added, “Our announcement to light up the QTS data center continues our strong momentum in the Richmond, Virginia market. Lumos now has annualized bookings in Richmond, within Enterprise and Transport segments, of approximately $4.2 million. We have already signed one customer contract into the QTS facility and we expect to sign others in the coming months. Lumos will offer our Enterprise customers up to 10Gbps of Ethernet connectivity and other high-speed bandwidth options.”
QTS Realty Trust, Inc. (QTS) is a leading national provider of data center solutions and fully managed services. The company offers a complete, unique portfolio of core data center products, including custom data center (C1), colocation (C2) and cloud and managed services (C3), providing the flexibility, scale and security needed to support the rapidly evolving infrastructure demands of web and IT applications. With 12 data centers in eight states, QTS owns, operates and manages approximately 4.7 million square feet of secure, state-of-the-art data center infrastructure and supports more than 875 customers.
About Lumos Networks
Lumos Networks is a fiber-based service provider in the Mid-Atlantic region serving Carrier and Enterprise customers, offering end to end connectivity in 23 markets in Virginia, Pennsylvania, West Virginia, Maryland, Ohio and Kentucky. With a fiber network of 7,548 fiber route miles, Lumos Networks connects 673 Fiber to the Cell sites, 15 commercial data centers and 1,420 on-net buildings. In 2013, Lumos Networks generated over $104 million in data revenue over our fiber network. Detailed information about Lumos Networks is available at www.lumosnetworks.com.
SPECIAL NOTE FROM THE COMPANY REGARDING FORWARD-LOOKING STATEMENTS
Any statements contained in this presentation that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. The words “anticipates,” “believes,” “expects,” “intends,” “plans,” “estimates,” “targets,” “projects,” “should,” “may,” “will” and similar words and expressions are intended to identify forward-looking statements. Such forward-looking statements reflect, among other things, our current expectations, plans and strategies, and anticipated financial results, all of which are subject to known and unknown risks, uncertainties and factors that may cause our actual results to differ materially from those expressed or implied by these forward-looking statements. Many of these risks are beyond our ability to control or predict. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. We do not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future events or otherwise. Important factors with respect to any such forward-looking statements, including certain risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, include, but are not limited to: rapid development and intense competition in the telecommunications and high speed data transport industry; our ability to offset expected revenue declines in legacy voice and access products related to the recent regulatory actions, wireless substitution, technology changes and other factors; our ability to effectively allocate capital and implement our “edge-out” expansion plans in a timely manner; our ability to complete customer installations in a timely manner; adverse economic conditions; operating and financial restrictions imposed by our senior credit facility; our cash and capital requirements; declining prices for our services; our ability to maintain and enhance our network; the potential to experience a high rate of customer turnover; federal and state regulatory fees, requirements and developments; our reliance on certain suppliers and vendors; and other unforeseen difficulties that may occur. These risks and uncertainties are not intended to represent a complete list of all risks and uncertainties inherent in our business, and should be read in conjunction with the more detailed cautionary statements and risk factors included in our SEC filings, including our Annual Report for the year ended December 31, 2013.