While spreading its wings further, FiberNet Telecom Group, a provider of complex interconnection services, has expanded to Chicago, Illinois and Miami, Florida.

 

The newly deployed networks are part of the company’s project that also includes increasing its network capacity in the New York metro market; deploying additional capacity in Los Angeles; extending the network to San Francisco; and augmenting its metro Ethernet network.

 

"Network expansion into these critical markets was of prime importance for us," said John Dowd, vice president of business development, in a statement. "With these extensions, we can now meet our customers' demand for expanded network reach."

 

FiberNet Telecom Group (News - Alert) owns and operates integrated colocation facilities and diverse transport routes in the two gateway markets of New York/New Jersey and Los Angeles. Its solutions are designed to provide comprehensive broadband interconnectivity enabling the exchange of traffic over multiple networks.

 

The company’s customized connectivity infrastructure provides an advanced, high bandwidth, fiber-optic solution to support the demand for network capacity and to facilitate the interconnection of multiple carriers' and customers' networks.

 

FiberNet Telecom Group recently announced its financial results for the third quarter ended September 30, 2008.

 

Revenues for the third quarter of 2008 increased to $14.9 million, up 19.3 percent from $12.5 million for the third quarter of 2007 and up 3.5 percent from $14.4 million for the second quarter of 2008.

 

EBITDA for the third quarter of 2008 was $3.0 million, up 40.1 percent from $2.1 million for the third quarter of 2007, and up 4.7 percent from $2.8 million for the second quarter of 2008.

 

FiberNet continued to achieve consistent revenue growth in its core product offerings of transport and colocation services. For the third quarter of 2008, revenues from transport and colocation services (excluding revenues from access management services) grew by 19.7 percent over the third quarter of 2007.

 

In June, FiberNet Telecom Group launched Everywhere E-1 transport services, which enable international service providers to provide E-1 services to customer locations without having to convert to North American transmission standards.