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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, today updated the total number of fiber route miles in its network, as of December 31, 2013, to 7,414. This figure includes both Metro and Long-Haul route miles. Previously, the Company had disclosed 5,800 long-haul route miles only.
The majority of this increase in route miles is related to organic fiber expansion in key Mid-Atlantic markets, with a primary focus on expanding the Company’s Metro footprint. A smaller component of this increase is related to the completion of an initiative to convert the Company’s fiber records into a new centralized fiber management program. Currently, approximately 60% of Lumos Networks fiber network is under Indefeasible Rights to Use (“IRU”) agreements versus 83% as disclosed previously.
The President and CEO of Lumos Networks, Tim Biltz, commented, “I am pleased to announce a revision to our fiber network route mileage disclosure to include both Metro and Long-Haul miles and to include the results from the expansion of our fiber footprint in the last few years. We believe that this updated mapped specificity of our fiber network will significantly enhance our ability to aggressively pursue key Enterprise, Carrier, Data Center and Fiber to the Cell opportunities in our markets.”
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 7,414 fiber route miles. Detailed information about Lumos Networks is available at
SPECIAL NOTE FROM THE COMPANY REGARDING FORWARD-LOOKING STATEMENTS
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