Fibernet is one of the remaining players in the Fiber Telecom Texas Hold’em tournament. However, their seat is at table 2. Their chips, though being eyed by others, leave it with modest manuevering room. But the great thing about Texas Hold’em is that it only takes a few good hands to move up the chip leader board.
Fibernet is as much of a colocation company as it is a bandwidth company. Its facilities are primarily in the metropolitan NY/NJ area. Its primary carrier hotel facilities are 60 Hudson Street, 111 Eighth Avenue, and 165 Halsey Street–all well recognized carrier hotel addresses to the telecom crowd. They have also established eight or so other secondary carrier hotel facilities in New York City, Long Island and New Jersey and a small presence in Los Angeles.
Fibernet has leased or IRU’ed fiber to connect up these sites. From a facility based perspective, that is about all they have. They do, however, have an offnet business akin to the old Universal Access. Their revenue is about $55M and they report $10M of EBITDA.
Tomorrow I will post some recent developments at Fibernet.
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