|[May 06, 2014]
Lumos Networks Connects Richmond to Charlottesville with Fiber Dense 100G DWDM Long-Haul Route
WAYNESBORO, Va. --(Business Wire)--
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 that
its 53 mile long-haul route from Richmond to Charlottesville, Virginia
is scheduled for completion, both on time and within budget, during the
second quarter of 2014. The Company expects to complete final testing on
the route over the next several weeks and is scheduled to begin routing
high-speed fiber-based Carrier Ethernet traffic in June of 2014.
Joseph McCourt, Chief Revenue Officer, said, "I am pleased to announce
that we expect to begin routing fiber bandwidth traffic onto our 100G
DWDM long-haul route between the cities of Charlottesville and Richmond
within the next few weeks. This route will have a fiber count of 288
strands, making it one of the densest portions of our fiber network and
adds another unique route to the Lumos Networks fiber footprint."
Lumos Networks will benefit from the completion of this fiber long-haul
route in two primary ways. First, the Company will own 100% of the fiber
on this route and will thus eliminate significant Type 2 leased fiber
expense that the Company is currently paying other fiber providers.
Second, this route will be the only 100G DWDM route with a dense fiber
count connecting these two important cities and will be well positioned
to deliver Enterprise, Data Center and Fiber to the Cell traffic.
Craig Drinkhall, Chief Technology Officer for Lumos Networks added,
"During the fourth quarter of 2014, we also plan to complete our 100G
DWDM long-haul route between Richmond and Ashburn, Virginia, which is
the data center capital of the United States. Once that route is
completed, we will have a redundant fiber ring that will allow our key
Virginia Enterprise customers to access this data center cpacity. At
that point, we believe that Lumos Networks will be increasingly well
positioned to have the densest fiber network in the Mid-Atlantic region."
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 7,467 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 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 (News - Alert) filings, including our Annual Report
for the year ended December 31, 2013.
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