Recent off its separation from Segra, regional fiber supplier Lumos Networks is plotting an bold growth of its residential service and the rollout of a brand new multi-gig service tier designed to maintain it one step forward of the competitors.
Lumos Networks presently serves round 200,000 residential and small and medium enterprise clients in Virginia and North Carolina beneath the Lumos and NorthState manufacturers. The corporate was previously a part of Segra, however turned a standalone entity in October when Segra closed the sale of its business and service enterprise to Cox Communications.
CEO Diego Anderson informed Fierce that going ahead, Lumos plans to “double down inside Virginia and North Carolina” to serve areas the place it may be first with fiber however sees extra alternative all throughout the Mid-Atlantic area. He pointed to anticipated funding from the not too long ago handed infrastructure invoice and public-private partnerships such because the one it struck to full a latest growth within the Alleghany Highlands of Virginia as tailwinds for its development plan.
“The footprint for what was Segra was the Mid-Atlantic area and so we all know these markets very effectively…we predict there’s the chance to make use of that information of these states to additionally construct out fiber to the house extra aggressively,” he defined, including “We’ll targets areas, I’d say, from Pennsylvania all the way down to Florida.”
Whereas it’s nonetheless creating its multi-year technique following the appointment of a brand new govt management crew earlier this month, Anderson stated it’s aiming to construct out upwards of 80,000 new fiber passings in 2022. He added the corporate can also be getting ready for the approaching launch of a 2 Gbps residential service tier throughout its whole footprint. It presently provides 100 Mbps, 200 Mbps, 500 Mbps and 1-gig plans.
“What we discover is that for those who can go right into a market the place there isn’t a gigabit supplier or one gigabit supplier you are able to do very effectively in these marketplaces,” he stated. “Loads of occasions these areas would include the cable firm with their coaxial DOCSIS 3.1 that they’re providing. So we’re seeing a whole lot of that, the place there’s one gigabit supplier and we’re coming in saying ‘hey we need to be the fiber supplier to compete in these territories.’”
A number of different fiber suppliers are additionally plotting the rollout of multi-gig service to provide them an edge over cable rivals. These embody Frontier Communications, TDS Telecom and Consolidated Communications.
“Loads of clients are seeing a necessity for extra pace primarily based on their purposes and that is the benefit that fiber offers you. And so we’ll have the ability to proceed to ship them up stack with our multi-gig product. That is going to be a very big resolution for us,” Anderson concluded.