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Everstream secures $342.5M in debt financingBroadband World News, , 4/6/2020
CLEVELAND – Everstream, the business-only fiber network, has announced it has secured $342.5 million in debt financing from nine banks, with Webster Bank as lead arranger. Joint lead arrangers include CoBank, Regions Financial Corp., Fifth Third Bank and TD Bank. Everstream will use the financing to accelerate its 2020 growth strategy, which includes expanding to five new markets and densifying existing markets to provide Midwestern businesses with high-capacity fiber connectivity. Everstream is bringing high-capacity fiber connectivity to select markets in the Midwest. The company 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. As Everstream's network grows, its customers benefit from more diverse network options and direct connection to data centers and locations in the expanded region. |
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As we have for the past two years, Light Reading will present our Cable Next-Gen Europe conference as a free digital symposium on June 21.
Charter has sparked RDOF work in all 24 states where it won bids. The cable op booked about $19 million in RDOF revenues in Q1, and expects to have about $9 million per month come in over the next ten years.
As we have for the past two years, Light Reading will stage the Cable Next-Gen Technologies & Strategies conference as a free digital event over two half-days in mid-March.
Launch of 2-Gig and 5-Gig FTTP tiers in 70-plus markets puts more pressure on cable ops to enhance their existing DOCSIS 3.1 network or accelerate their upgrade activity centered on the new DOCSIS 4.0 specs.
Ziply Fiber, an operator that tangles with Comcast and Charter, has launched two multi-gigabit tiers in 60 urban areas, aiming for all markets by Q2 2022.
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Wednesday, April 20, 2022
12:00 p.m. New York Did you know that fiber network expansion is the top priority of service providers over the next five years according to Heavy Reading’s recently published State of the Service Provider Report*? With this rapid expansion comes increased competition. Like many service providers, you may be feeling the pressure to differentiate your brand. Service innovation is your opportunity to stand out.
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