30 Jan Everstream plans $250M fiber investment for Midwest buildout
Everstream plans to spend $250 million over the course of this year to meet its previously-stated goal of adding 15,000 miles route miles of fiber.Cleveland-based Everstream is looking to build up its fiber presence in the Midwest with additional fiber, which includes plans to connect 36 of its data centers across the Midwest. The roadmap also includes entry into five new Midwest markets, including Chicago; St. Louis, Missouri; Dayton, Ohio; Fort Wayne, Indiana; and Louisville, Kentucky. Everstream plans to open new offices in its five new locations and hire more than 100 employees.
Everstream also plans to have 3,000 on-net locations in 12 markets throughout the Midwest by the end of 2020.
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Everstream’s 2020 blueprint follows on the heels last year when it invested more than $70 million in new network construction and grew total route miles across its markets by 30% to a total of more than 13,000.
RELATED: Everstream invests $27M in Milwaukee fiber build out ahead of next year’s DNC
In October, Everstream announced it was spending $27 million to expand its fiber network in the metro Milwaukee area ahead of this year’s Democratic National Convention (DNC.)
Also in 2019, Everstream brought its connectivity services to Columbus, Ohio; Indianapolis, Indiana; and Milwaukee, Wisconsin, and added fiber to densify its network in Cleveland, Ohio. Two acquisitions also boosted the company’s Midwest presence.
Everstream’s enterprise-grade network delivers a range of fiber-based services, including dedicated internet access, dark fiber, Ethernet and data center solutions, to businesses with low latency speeds of up to 100 Gbps.
With the larger Midwest presence, Everstream’s business customers can tap into more diverse network routes and direct connections to data centers and locations throughout the expanded footprint. AMP Capital, a global investment manager headquartered in Australia, bought Everstream in 2018.