Everstream announced plans to invest $300 million in fiber network to add nearly 6,000 route miles to its current 10,000 plus mile throughout the Midwest.
Everstream, a regional network service provider bringing fiber-based Ethernet, internet and data center solutions to businesses throughout the Midwest, plans to build dense metro fiber networks in 12 markets.
Everstream will begin construction of the fiber network in the first quarter of 2019 aiming to complete in the second quarter of 2020.
AMP Capital, a global investment manager in Australia, purchased Everstream, giving the company an infusion of capital for acquisitions, greenfield network builds, and organic network growth and development.
Everstream CEO Brett Lindsey said: “By building and expanding the footprint of our fiber network, we have the opportunity to both increase the density of our existing fiber routes and increase the availability of our Business Fiber Network to customers.”