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Allied Fiber Finds More Financing

Two institutional investors agree to finance some of Allied Fiber's first dark fiber and facilities buildout

Phil Harvey

November 26, 2010

1 Min Read
Allied Fiber Finds More Financing

Allied Fiber LLC said this week it has received financing from affiliates of Falcon Investment Advisors LLC and ABRY Partners . Falcon, a one-time Verizon Terremark investor, and ABRY, an investor in Grande Communications and Sidera Networks Inc. , are the only new institutional investors in Allied Fiber's Phase One buildout, a US$140 million debt and equity project linking dark fiber routes between New York, Chicago, and Ashburn, Va.

Why this matters
Even though Allied Fiber is a real estate and facilities play, the new money shows that some investors are still excited by the idea of expanding fiber capacity for existing carriers and easing bandwidth constraints on highly trafficked routes.

Allied Fiber is interesting, too, in that its appeal is that it helps existing networks expand quickly to offer more services to their customers. The company is led by Hunter Newby, formerly the technology brain behind Telx Group Inc. , and its strategy is not to compete with carriers, but rather to let them establish quick fiber capacity on highly trafficked routes by getting dark fiber and neutral colocation and interconnection facilities all lined up and ready to use.

For more
For more on Allied Fiber and other carrier efforts to ease capacity constraints with big fiber-filled ideas, check out the following:

— Phil Harvey, Editor-in-Chief, Light Reading

About the Author(s)

Phil Harvey

Editor-in-Chief, Light Reading

Phil Harvey has been a Light Reading writer and editor for more than 18 years combined. He began his second tour as the site's chief editor in April 2020.

His interest in speed and scale means he often covers optical networking and the foundational technologies powering the modern Internet.

Harvey covered networking, Internet infrastructure and dot-com mania in the late 90s for Silicon Valley magazines like UPSIDE and Red Herring before joining Light Reading (for the first time) in late 2000.

After moving to the Republic of Texas, Harvey spent eight years as a contributing tech writer for D CEO magazine, producing columns about tech advances in everything from supercomputing to cellphone recycling.

Harvey is an avid photographer and camera collector – if you accept that compulsive shopping and "collecting" are the same.

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