By Scott Suttell, Crain’s Cleveland Business
Business-only fiber network Everstream expected a big year in 2020. What it got was even a little bigger.
In a year-end wrap-up, the Cleveland company said it had invested “more than $300 million in growing its high-capacity, low-latency fiber network to more than 15,000 route miles across the Midwest” during 2020. Everstream in January set a goal of investing more than $250 million in the region, so it beat that target by about $50 million, or about 20%.
Among other highlights of Everstream’s 2020:
- It built “more than 10.5 million feet of new fiber, or more than 7 miles of fiber installed per business day.”
- The company “constructed new fiber networks in Chicago and St. Louis, and densified existing networks in Midwest cities in the company’s footprint. The densification efforts included Everstream’s networks in Columbus, Cleveland, Detroit, Indianapolis, Milwaukee, and across the state of Michigan.”
- Everstream acquired the fiber assets of Rocket Fiber LLC in Detroit and LightBound in Indianapolis.
- It increased its workforce “by nearly 60% through organic hiring and acquisition, including sales and support teams.”
A spokeswoman said in an email that the company now has about 325 employees.
Source: https://www.crainscleveland.com/scott-suttell-blog/everstream-set-big-goals-2020-and-exceeded-them