A Cleveland-based broadband company plans to bring another source of high-speed internet service to Fort Wayne businesses.
Everstream‘s local market entry will be part of a plan it announced late last month to invest $300 million in its Midwest infrastructure, adding 6,000 route miles to its fiber network of more than 10,000 miles. In Indiana, it will bring service to Indianapolis as well as Fort Wayne.
The super-regional broadband company specializing in fiber-based business Ethernet, internet and data center products and services will build out dense metro fiber networks in a dozen Midwest markets.
In addition to those in Indiana, the markets will include northeast Ohio, Dayton and Columbus in Ohio; Louisville and Lexington in Kentucky; Michigan; St. Louis in Missouri; and Green Bay, Madison and Milwaukee in Wisconsin.
The move takes place about four months after the company’s acquisition by Australia-based AMP Capital, which provided a capital infusion for Everstream purchases, greenfield network builds, and organic infrastructure growth and development.
“Everstream remains committed to expanding in contiguous markets while making certain that we maintain the level of service and experience that our customers demand,” Brett Lindsey, president and CEO, said in a statement.
“By proactively building and expanding the footprint of our fiber network, we have the opportunity to both increase the density of our existing fiber routes and increase the availability of our Business Fiber Network to customers.”
Everstream planned to start the phased build outs this month and next month and complete them by the end of next year’s second quarter.
MetroNet Fiber acquires LightSpeed Fiber
Evansville-based MetroNet Fiber, Inc. has expanded into Michigan through the acquisition of LightSpeed Fiber Communications, which has its headquarters in the state in Lansing.
LightSpeed specializes in broadband, and MetroNet offers subscription television and phone services as well as broadband. In northeast Indiana, MetroNet’s footprint includes Huntington, Kosciusko and Wabash counties.
The companies did not disclose the acquisition’s terms but said it was completed late last month, and MetroNet plans to invest up to $100 million in Michigan infrastructure.
“The vision and values of LightSpeed Fiber marry well with our goal of expanding our cutting-edge fiber-optic telecommunication services to more cities while remaining customer-focused,” MetroNet President John Cinelli said in a statement.
“Our plans for Michigan are sustainability and growth. This investment represents a strategic opportunity to offer gigabit-speed internet with no data caps, full-featured fiber phone service, and fiber IPTV to even more customers. We are thrilled to join forces with LightSpeed Fiber and welcome them to the MetroNet family.”
Jason Schreiber, LightSpeed’s CEO, will become MetroNet’s chief technology officer as he continues to head the Michigan operations.
“LightSpeed is dedicated to revolutionizing how our customers connect and use the internet, while making it cost-friendly and as efficient as possible,” he said in the statement.
“When the opportunity to partner with MetroNet presented itself, it made perfect sense. This partnership means accelerated expansion in Michigan, reaching more residents and businesses that are eager for our services, and other opportunities such as job creation.”
LightSpeed offers gigabit speed broadband in Lansing, Grand Rapids, Southfield, Huntington Woods and Ypsilanti in Michigan. It operates a 2,400-mile fiber-optic backbone, which stretches from Chicago to Atlanta to Washington, D.C.
MetroNet plans to extend its offerings, including television and phone services, in the coming months to the markets that LightSpeed has been serving and said it will increase the size of its workforce to accomplish that.
For information on its employment opportunities, go to www.metronetinc.com/careers.
Purdue forming quantum science institute
Purdue University is forming a Quantum Science and Engineering Institute it said will serve as a new resource for students and faculty working in the field as it coordinates and incentivizes related activities throughout the university.
The move positions Purdue to better compete for financial support expected to become available for related research as a result of the National Quantum Initiative Act passed by Congress to invest more than $1 billion during the next 10 years in quantum information science research, which could lead to an array of advanced technologies and products.
“Quantum information science has become one of the most rapidly developing and game-changing areas in science and technology, promising many revolutionary advances in the coming decades,” Tomas Diaz de la Rubia, vice president of Purdue’s Discovery Park, said in a statement.
“Quantum information science is a defining technology for the future, and a strong, early and coordinated multi-sector focus on these technologies is essential for the U.S. to sustain its economic and national security leadership.”
The institute will have its headquarters at the park’s Birck Nanotechnology Center and will be directed by Yong Chen, a Purdue professor of physics and electrical and computer engineering who serves as Birck’s associate director.
“Quantum science is experiencing a surge of interest as researchers, students and industry leaders across the globe race to build a truly usable quantum computer, a machine that will be able to process unimaginable amounts of data at exponentially faster rates than today, transfer and store information with advanced cryptography, and facilitate new discoveries and myriad other applications,” Chen said in the statement.
About 30 Purdue faculty members will be involved in the institute, which it said would have goals that dovetail with the nation’s quantum science focus and will work to integrate private sector and academic research in the field.
Engineering majors win APAI scholarships
The Asphalt Pavement Association of Indiana has awarded more than $13,000 in scholarships to half a dozen civil engineering majors at Trine University.
Students receiving the scholarships of $1,500 to $3,000 during a December APAI Hall of Fame Induction Ceremony and Scholarship Awards Banquet included Jonathan Anderson of LaGrange, Alex Duran of Van Buren, Ohio, Taylor Eash and Derek Miller of Shipshewana, Robert Morehouse of Mentone and Calvin Rizzo of Fishers.
Students studying construction management, civil engineering and construction engineering and management must complete an interview in person with a member of the organization’s scholarship committee to qualify for a scholarship.
It awarded more than $52,000 in scholarships last year to students at five nationally accredited Indiana universities.