When Atlantic Broadband finalized its acquisition of FiberLight's South Florida fiber network today, the Cogeco Communications subsidiary more than doubled its existing fiber footprint and vastly increased its capacity to serve data center customers in the region.
Atlantic Broadband picked up 350 fiber route miles and expanded by 30% its ability to support enterprise, government and other data center clients' cloud and other needs, the cable operator said in an announcement. The region encompasses fast-growing Florida markets such as Miami and North Palm Beach, an area only expected to further surge in population as the entire state reaches more than 21.31 million.
The cable operator is the crown jewel of Cogeco these days, helping its parent company reach revenue of $637.1 million, up 15% from the prior year (in constant currency).
"Our success at Atlantic Broadband has been the prime engine of our growth this quarter," said Cogeco CEO Louis Codet, during a third-quarter earnings call, according to a Seeking Alpha transcript. "…Atlantic Broadband's operating margin has grown from 41% to 44.8% over last year, and the conversion to the ABB brand took place in May and the introduction of TiVo and higher speed Internet packages are taking place as we speak. Our expansion plan in Florida is progressing as anticipated."
Some increased margin was due to the acquisition of MetroCast and the integration of those assets into Atlantic Broadband, Codet said.
Deutsche Telekom just signed an infrastructure project with the Gigabit Region Stuttgart, home to 174 municipalities and almost 3 million people, one of many partnerships the German operator has inked in its bid to grow revenue and business.
In this insightful Light Reading radio show, Kurt Raaflaub, Head of Strategic Solutions Marketing, will outline the key service provider challenges, deployment considerations, next-gen Gigabit technologies, and service models to win market share in the rapidly growing MDU market.
The MDU market continues to face fierce competition among service providers due to tech-savvy residents (i.e., millennials), demand from building owners and management companies, plus the favorable economics of bulk contracts. However, no MDUs are the same, so service providers must use multiple technologies and inconsistent deployment models, increasing operational complexity and rollout costs.
The MDU market itself is evolving as residents adopt smart-home technologies, generating rising demand for smart apartments with built-in connected thermostats, keyless entryways and doors, and video doorbells. This evolution presents both new challenges and opportunities. In other words, service providers must consider innovative service-delivery strategies to compete and win.
In this Broadband World News and ADTRAN webinar, Kurt Raaflaub, Head of Strategic Solutions Marketing, will highlight emerging MDU broadband Internet trends and challenges. In addition, Kurt will outline the next-generation service creation and delivery platform, built on open standards, that allows service providers to connect millions of underserved MDUs, enables creation of user-driven services, and reduces operational complexity and costs.
Plus, special guest, Alice Lawson, Broadband and Cable Program Manager for the City of Seattle, will discuss Seattle’s B4B-Build For Broadband initiative that addresses best practices in planning for MDU telecommunication infrastructure.