US-based Time Warner Telecom Inc., a leading fibre facilities-based provider of managed integrated communications network services, has announced the first phase of its geographic expansion plan that …
US-based Time Warner Telecom Inc., a leading fibre facilities-based provider of managed integrated communications network services, has announced the first phase of its geographic expansion plan that targets eight to 12 new markets over the next two years. “The expansion of our network is the result of incredible customer demand for local bandwidth,” said Larissa Herda, Time Warner Telecom president and CEO. “Our local and regional fibre networks allow us to offer customers any type of technology, product or solution in a fast, efficient and highly reliable manner.” “Funding for the first phase of our expansion will be in the form of a US$ 400 million senior secured credit facility, which Chase Securities Inc. has agreed to arrange,” said David Rayner, Time Warner Telecom senior vice president and CFO. “Chase will act as sole arranger and administrative agent, and Bank of America Securities and ABN-AMRO Bank will act as syndication agent and documentation agent, respectively. We expect to close the financing by early April.” Time Warner Telecom“s accelerated expansion includes a variety of markets such as Atlanta, Chicago, Minneapolis, Syracuse, New York, and Columbia, South Carolina. Currently, Time Warner Telecom provides broadband connections for data, Internet and voice in 21 US metropolitan areas. Three additional markets will be complete by mid-year, including Los Angeles/Orange County, California, Fayetteville, North Carolina, and Dayton, Ohio. “Our growth plans focus on geographic expansion, extension into new market segments and development of new products and services,” Herda said. “Our success to date is the result of building and deploying our extensive local and regional fibre networks all the way to the end user. Our expertise is in selling services that customers want and need over these networks.