FiberNet Telecom Group is implementing a national network expansion, bolstering core capacity and extending the reach of its networks. Building upon the success of its transcontinental network and colocation initiatives, FiberNet’s expansion will include four major projects:

New York Metro Network Expansion–approximately 40 Gigabits of network capacity, 36 optical wavelengths and hundreds of strands of vertical dark fiber to its core network in the New York / New Jersey market.

Los Angeles Metro Network Expansion – adding 10 Gigabits of core network capacity in Los Angeles.

Chicago, San Francisco and Miami Network Extensions – will deploy multiple 2.5 Gigabit wavelengths to extend its network reach to the Chicago, San Francisco and Miami markets.

Metro Ethernet Expansion – adding approximately 68 Gigabits of core switching capacity to its metro, native Ethernet network.

FiberNet expects to complete this national network expansion program by the fourth quarter of this year. FiberNet intends to fund these deployments with existing cash, internally generated cash flows and availability under its credit facility.