|[August 06, 2014]
Lumos Lights up QTS Data Center in Richmond
WAYNESBORO, Va. --(Business Wire)--
Lumos Networks Corp. ("Lumos Networks" or the "Company") (Nasdaq: LMOS),
a leading fiber-based service provider of data, voice and IP-based
telecommunication services in the Mid-Atlantic region, announced that it
recently connected QTS' (News - Alert) mega data center in Richmond, Virginia with
fiber. This marks the fifteenth commercial data center connected to the
Lumos fiber network and the second in Richmond. Lumos operates a
110-mile fiber network in this key "edge-out" market for the Company.
"We are pleased to work with Lumos Networks to provide secure, reliable
high speed fiber bandwidth into our 1.3 million square foot campus in
Richmond," said Shelagh Montgomery, Executive Vice President, Strategic
Client Management, QTS. "We hope to leverage our data center solutions
and fully managed services across Lumos Networks' key Enterprise
accounts in their Mid-Atlantic footprint."
Timothy G. Biltz, CEO and President of Lumos Networks said, "I am
delighted to announce that we have completed fiber connectivity into
QTS' data center in Richmond, Virginia. QTS is a leading national
provider of a broad array of data center solutions and we are excited
about the potential of expanding their services across our Enterprise
base of customers and providing state of the art fiber bandwidth
connectivity in our approximately 7,500 fiber mile footprint."
Joseph E. McCourt, Chief Revenue Officer for Lumos Networks added, "Our
announcement to light up the QTS data center continues our strong
momentum in the Richmond, Virginia market. Lumos now has annualized
bookings in Richmond, within Enterprise and Transport segments, of
approximately $4.2 million. We have already signed one customer contract
into the QTS facility and we expect to sign others in the coming months.
Lumos will offer our Enterprise customers up to 10Gbps of Ethernet
connectivity and other high-speed bandwidth options."
QTS Realty Trust, Inc. (QTS)
is a leading national provider of data center solutions and fully
managed services. The company offers a complete, unique portfolio of
core data center products, including custom data center (C1), colocation
(C2) and cloud and managed services (C3 (News - Alert)), providing the flexibility,
scale and security needed to support the rapidly evolving infrastructure
demands of web and IT applications. With 12 data centers in eight
states, QTS owns, operates and manages approximately 4.7 million square
feet of secure, state-of-the-art data center infrastructure and supports
more than 875 customers.
About Lumos Networks
Lumos Networks is a fiber-based service provider in the Mid-Atlantic
region serving Carrier and Enterprise customers, offering end to end
connectivity in 23 markets in Virginia, Pennsylvania, West Virginia,
Maryland, Ohio and Kentucky. With a fiber network of 7,548 fiber route
miles, Lumos Networks connects 673 Fiber to the Cell sites, 15
commercial data centers and 1,420 on-net buildings. In 2013, Lumos
Networks generated over $104 million in data revenue over our fiber
network. Detailed information about Lumos Networks is available at www.lumosnetworks.com.
SPECIAL NOTE FROM THE COMPANY REGARDING FORWARD-LOOKING STATEMENTS
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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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