Articles from Everstream

Everstream (the “Company”), a business-only fiber network, today announced that it has received approval from the U.S. Bankruptcy Court for the Southern District of Texas for the sale of substantially all of its operations to Bluebird Fiber (“Bluebird”), a regional provider of fiber-based connectivity solutions for businesses.

Everstream (the “Company”), a business-only fiber network, today announced that it has reached an agreement to sell substantially all of its operations to an affiliate of Bluebird Fiber (“Bluebird”), a regional provider of fiber-based connectivity solutions for businesses. The transaction will enable the Company to advance its core market optimization strategy from a strengthened financial position. This step follows Everstream’s sale of its Illinois and St. Louis metropolitan area networks and its previously announced plan to wind down its Pennsylvania operations.

Everstream, the business-only fiber network, today announced it has appointed Ken Fitzpatrick as President and Chief Executive Officer.

Everstream, the business-only fiber network, today announced it is on pace to quadruple its planned investment across its Columbus, Ohio, footprint since first entering the market in August 2019. This newly constructed, all-fiber network is benefiting enterprises, manufacturers, and heath care providers across the metro Columbus area, providing access to reliable high-capacity fiber services.

Everstream, the business-only fiber network, today announced it has implemented Neustar’s Universal Order Connect (UOC) platform to accelerate its ordering and service delivery processes. The cloud-based UOC platform automates these processes, enabling Everstream to respond more quickly to wholesale and wireless carriers’ needs.

Everstream, the business-only fiber network, has announced it has secured more than $1 billion in debt financing to refinance existing credit facilities and raise additional capital to continue funding network growth and densification across its 10-state footprint. The deal marks the first time a U.S. based telecommunications company has leveraged an OpCo/HoldCo financing model, driven by demand from Institutional Infrastructure investors.

Everstream, the business-only fiber network, today announced it has increased its total route miles of fiber by 80% in 2021, to nearly 27,000 route miles of fiber. This represents the company’s largest annual network increase to date and includes year-over-year growth through greenfield fiber builds.

Everstream, the business-only fiber network, has announced it has secured an additional $140 million in debt financing, with Webster Bank as lead arranger. Joint lead arrangers include CoBank, Regions Financial Corp., Fifth Third Bank and TD Bank. Everstream will use the financing to fund its growth strategy through June 2022, which includes expanding into seven new markets, densifying existing markets, and connecting thousands of macro towers across its 10-state footprint with high-capacity fiber connectivity.

Everstream, the business-only fiber network, today announced that its fiber network in greater St. Louis is enabling enterprises, service providers and municipalities to take advantage of new revenue opportunities that access to high-capacity, high-bandwidth fiber networks can bring to metro, rural and underserved areas.

Everstream, the business-only fiber network, today announced that it has completed its purchase of assets from Uniti, extending Everstream’s fiber network into Pennsylvania, Southern New Jersey and Northern Delaware along with acquiring existing Uniti customers. Two major metro markets — Philadelphia and Pittsburgh — are now connected to Everstream’s high-capacity network in other cities across its growing footprint.

Everstream, the business-only fiber network, today announced the promotions of two executives — Bill Major has been named President and Joe Pellegrini has been promoted to Chief Operating Officer — along with the addition of Michael D’Angelo, who has been appointed to the newly created role of Executive Vice President, Sales, leading Everstream’s enterprise, wholesale and wireless sales teams across all markets.