tw telecom is expanding its metro fiber footprint by 17 percent. The company expects to enter five new major markets in 2014.
The new markets are Boston; Philadelphia, Richmond, Va.; Cleveland; and Salt Lake City. As part of the expansion, tw telecom will further deploy its portfolio of data and Internet services to more enterprises, including its Ethernet and Intelligent Network services.
In addition to its metro market expansion, the company is also increasing its regional fiber footprint in 27 existing markets, which include New York City; Los Angeles; Washington, D.C., San Francisco; and more.
“Expanding our fiber infrastructure will allow us to build on our nationwide network by increasing our addressable market, extending our regional connectivity, and strengthening key corridors of commerce for our existing operations," said John Blount, tw telecom’s chief operating officer. “By accelerating the expansion of our existing markets using our established operational teams and infrastructure, as well as entering new cities where our customers already have networking needs, this expansion gives us quick access to current demand and an accelerated path to greater revenue opportunities."
Meantime, the company released its third-quarter earnings report on Wednesday. tw telecom's revenue grew 6.6 percent from the year-ago quarter, to $393.2 million; however, the company posted a net loss of $9.4 million compared to a profit of $21 million in Q3 2012. Enterprise revenue was up 8.5 percent compared to a year earlier.
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