American Fiber Systems Completes Acquisition of IDACOMM.AFS A distributed file system for large, widely dispersed Unix and Windows networks from Transarc Corporation, now part of IBM. It is noted for its ease of administration and expandability and stems from Carnegie-Mellon's Andrew File System. AFS - Andrew File System Continues Expansion Strategy Adds Las Vegas, NV, Reno, NV, Carson City, NV and Boise, ID To Growing Metro Fiber Optic Network Footprint LAS VEGAS -- Privately held American Fiber Systems, Inc. today announced that it has completed a ten million dollar transaction to acquire IDACOMM, the communications subsidiary of IDACORP (NYSE NYSE See: New York Stock Exchange : IDA Ida (ē`dä), city (1990 pop. 91,859), Nagano prefecture, central Honshu, Japan, on the Tenryu River. It is an agricultural market and railway junction. ). IDACOMM, is a fiber facilities-based competitive metro network provider, with operations focused in Nevada and Idaho, specializing in fiber-based transport services to both carrier and enterprise customers. IDACOMM's fiber rich network includes over 45,000 local and long haul fiber strand miles with approximately 150 buildings on net. Adding these rapid-paced development cities of Las Vegas, NV, Reno, NV, Carson City, NV and Boise, ID opens new regional transport business to AFS. "IDACOMM's dense fiber optic network is highly complementary with the AFS strategy of providing our customers with a reliable fiber facilities-based alternative to AT&T, Qwest and Embarq," said Dave Rusin, AFS President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "This investment further substantiates our presence within middle markets nationwide, while solidifying our western regional position alongside our Salt Lake City properties." This transaction is EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become positive and accretive for American Fiber Systems. It follows AFS' announcement late last year of their consolidation with USCarrier Telecom Holdings, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a regional long haul network provider to second tier markets in the Southeastern United States. Jon Yount, Senior Vice President of Operations for AFS noted, "We anticipate a fairly quick integration of the IDACOMM team. As a combined entity, the IDACOMM team brings an exceptional regional presence to AFS and we look forward to building upon their heritage of success." "Similar to our other markets, these cities are all experiencing high growth," continued Yount, "The anticipated recurring revenue growth from our IDACOMM team is expected to exceed 40% by year's end. We have exceptional and unique fiber assets which correspondingly allow us to deliver best-in-class optical broadband service and reliability." "The AFS vision is well aligned with the traditional IDACOMM value system of physical network ownership, reliability and performance," said Rich Coyle, Vice President of Western Operations. "We expect both our customers and employees will benefit from our best practices integration and it is great to be a part of a business whose core emphasis is telecommunications." American Fiber Systems was recently granted Atlantic ACM's Best-in-Class Wholesale Metro Service Provider Award and Capacity Magazines Best US Metropolitan Provider. AFS scored well in both network quality and performance, as well as provisioning, customer service and sales representatives. The closing of the transaction will be seamless to both AFS and IDACOMM's existing customers. They will continue to receive the same high-quality customer support for their communications services. About American Fiber Systems American Fiber Systems provides metropolitan fiber optic network infrastructure and wholesale transport services to carriers and large enterprises. AFS enables its customers to easily and reliably connect to a city's most important points of communications presence, including ILEC (Incumbent Local Exchange Carrier) A traditional local telephone company such as one of the Regional Bell companies (RBOCs). Contrast with CLEC. See ELEC and TELRIC. central offices and wire centers; CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) PoPs; Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP) and data center locations; Inter-exchange "carrier hotels;" wireless providers and cable company head ends; and Fortune 1000 companies. AFS has deployed over 1,200,000 miles of high-capacity, high-bandwidth metropolitan fiber optic cable Noun 1. fiber optic cable - a cable made of optical fibers that can transmit large amounts of information at the speed of light fibre optic cable transmission line, cable, line - a conductor for transmitting electrical or optical signals or electric power since 2000 in several cities, including Atlanta, GA, Boise, ID, Carson City, NV, Cleveland, OH; Jacksonville, FL, Kansas City KS/MO; Las Vegas, NV, Lenexa, KS, Marietta, GA, Minneapolis, MN, Mobile, AL, Norcross, GA, St. Paul, MN, Nashville, TN, Overland Park, KS, Panama City, FL, Pensacola, FL, Reno, NV ,Salt Lake City, UT, and Tallahassee, FL. AFS has over 500 capacity enabled on-net buildings and supports an addressable market teledensity of over $9 billion in annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. telecommunications services. American Fiber Systems is a privately held venture-backed company. |
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