|By Business Wire||
|April 9, 2014 06:01 AM EDT||
Lumos Networks Corp. (“Lumos Networks” or the “Company”) (Nasdaq: LMOS), a fiber-based service provider of data, voice and IP-based telecommunication services in the Mid-Atlantic region, announced it has delivered 10-Gig wavelength connectivity to Iron Mountain’s underground data center near Pittsburgh, Pennsylvania. This marks the thirteenth data center connected to the Lumos fiber network. Iron Mountain is the first data center connectivity win in Western Pennsylvania since the announcement of this market as a key “edge-out” expansion of the Lumos fiber footprint.
“Our 10-Gig wavelength contract win with Iron Mountain sits at the convergence of several of our key Strategic Data growth strategies: Western Pennsylvania, data centers and wavelengths,” commented Timothy Biltz, CEO and President of Lumos Networks. “Iron Mountain is a marquee win for Lumos, and we are delighted that they have chosen to be our partner for the delivery of secure, redundant mission critical fiber bandwidth in and out of their national data center. This represents a key step towards monetizing our upgraded and re-designed fiber assets in the Pittsburgh metropolitan area.”
“Iron Mountain is always working to enhance connectivity options,” said Daniel Golding, Vice President of Operations for Iron Mountain. “Lumos’ reliability, reach, and flexibility makes them an excellent partner for wavelength-scale connectivity. We look forward to working with them to expand our customers’ bandwidth options.”
Joseph McCourt, Chief Revenue Officer at Lumos Networks added, “Now that we have secured a wavelength connection into Iron Mountain’s underground data center, we will pursue additional revenue opportunities with current and potential Enterprise customers co-located at the facility. We continue to believe that data center connectivity will be a key driver of our fiber Ethernet revenue in the coming years.”
About Lumos Networks
Lumos Networks is a fiber-based service provider in the Mid-Atlantic region serving carrier, business and residential customers over a dense fiber network offering data, voice and IP services. With headquarters in Waynesboro, VA, Lumos Networks serves Virginia, West Virginia and portions of Pennsylvania, Kentucky, Ohio, and Maryland over a fiber network of approximately 7,414 fiber route miles. 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 news release 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.
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