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// November 10, 2014//
Waynesboro-based Lumos Networks Corp. — a provider of data, voice and IP-based telecommunication services — plans to expand its fiber network in the Richmond and Norfolk areas.
The $40 million expansion would add about 665 total route miles of fiber. Planning and construction is expected to begin soon and will continue for 12-18 months.
In connection with the expansion, the company said it had recently signed a contract with a major telecommunications carrier to provide high-speed services for at least the next 12 years.
Funding for the build-out cost will be assisted by a new term loan for up to $30 million.
Lumos Networks offers connectivity in 23 markets in Virginia, Pennsylvania, West Virginia, Maryland, Ohio and Kentucky. It has a current fiber network of 7,645 route miles.
