Latest news with #fibernetwork
Bloomberg
5 days ago
- Business
- Bloomberg
Fiber Firm Zayo Gets Creditor Support to Extend Debt to 2030
Zayo Group Holdings Inc. and creditors have agreed on a deal that would extend the fiber network company's debt maturities to 2030. Those holding more than 95% of outstanding term loans and unsecured and secured notes have entered a transaction support agreement, Zayo said in a statement Thursday. Exchange offers are planned to implement the extension. Further details weren't disclosed.
Associated Press
23-07-2025
- Business
- Associated Press
altafiber Announces Greg Wheeler Has Been Named Chief Operating Officer
CINCINNATI--(BUSINESS WIRE)--Jul 23, 2025-- altafiber announced on July 21 that Greg Wheeler has been named Chief Operating Officer of the company, effective immediately. As Chief Operating Officer, Wheeler will be responsible for ensuring alignment from altafiber's Business, Consumer, and Network Operations organizations in the Midwest and Hawaii, with a focus on continued business simplification and accelerated network transformation. 'Greg has an established record of achieving outstanding business results with a focus on building strong teams and a relentless commitment to delivering an outstanding customer experience,' said Leigh Fox, President and CEO of altafiber. 'I look forward to working with Greg as we continue to expand our fiber network throughout altafiber's operating areas and into new geographies.' Wheeler most recently served as President – Business Markets for altafiber, where he oversaw business practices and sales across all of altafiber's operating territories; business market expansion; and product, customer care, and operations. Prior to that role, Wheeler was Senior Vice President of U.S. Sales & Global Programs for CBTS, an international IT services provider and former subsidiary of altafiber. He joined the company in 2002. 'I'm excited to take on this new role and fortunate to collaborate with our world-class team of employees in the Midwest and Hawaii,' Wheeler said. 'The past few years have seen significant progress in our fiber network buildout, driving growth in our Consumer segment, and stability within our Business and Wholesale markets. The next steps are to continue expanding our reach and simplifying the business while keeping our customers at the center of every decision that we make.' altafiber offers fiber-based services to nearly 100 percent of business and single-family home addresses in Greater Cincinnati, and is building fiber in new markets in Ohio, Kentucky, and Indiana. The company also does business in Hawaii under the brand Hawaiian Telcom, and has committed to making Hawaii the first fully fiber enabled state in the nation by the end of 2026. About altafiber Cincinnati Bell is now doing business as 'altafiber' in Ohio, Kentucky, and Indiana. The Company delivers integrated communications solutions to residential and business customers over its fiber-optic network including high-speed internet, video, voice and data. The Company also provides service in Hawaii under the brand Hawaiian Telcom. In total, altafiber can deliver gigabit Internet to more than 1 million addresses in the territories it serves. For more information, please visit The information on the Company's website is not incorporated by reference in this press release. View source version on CONTACT: altafiber Josh Pichler, 513 835-3879 [email protected] KEYWORD: UNITED STATES NORTH AMERICA INDIANA OHIO HAWAII KENTUCKY INDUSTRY KEYWORD: SEMICONDUCTOR TECHNOLOGY AUDIO/VIDEO NETWORKS INTERNET HARDWARE CARRIERS AND SERVICES SOURCE: altafiber Copyright Business Wire 2025. PUB: 07/23/2025 02:46 PM/DISC: 07/23/2025 02:46 PM
Fast Company
21-07-2025
- Business
- Fast Company
Revolutionizing telecom for the AI era
Artificial intelligence is reshaping the landscape of work and business at a staggering rate. New tools and trends seem to emerge at a near daily rate: generative AI, advanced large language models, agentic AI, and more. One thing underpins each of these breakthroughs: a powerful, intelligent fiber network. But traditional legacy systems are not equipped for the demands of AI or the promise of enterprise workloads AI will help to build. Telecom needs a transformation, and it's one that will redefine the future of technology innovation. 'The networks of yesterday simply do not serve the AI needs of tomorrow,' said Kate Johnson, CEO of Lumen Technologies, during a 'fireside chat' presented by Lumen at Fast Company's annual Most Innovative Companies Summit. Johnson discussed what business leaders need to know about next-generation fiber infrastructure, why it's enabling the AI-powered future of business, and how to begin shifting their cultures now. Here are three takeaways from the discussion. (Some comments have been edited for length and clarity; scroll to the bottom to watch the entire presentation.) 1. Modernizing networks is essential to prepare for the AI-driven economy. The future of connectivity matters far beyond the telecom industry—in fact, it will affect how all of us live and work. 'Infrastructure is super boring until it becomes critical,' Johnson said. 'And it is critical. It's a matter of national security; it's a matter of innovation; it's a matter of economic development.' She recommends that organizations and leaders of all kinds follow this space closely, as it will have a major impact on how their businesses adopt AI and operate in the future. Planning is a long game, she added, and she recognizes this is inherently challenging. 'Critical infrastructure is not something that you can build overnight. It takes time and it takes planning,' Johnson added. 'People say, 'Well, I don't really know what we're going to look like in a year or five or 10, so how the heck do I build critical infrastructure to support something I haven't defined yet?' That's what we're all grappling with.' At this stage, she said, leaders can focus on transforming how their functions work. That means evolving their cultures, the way they lead, and even their own personal mindsets. 2. For innovation to flourish, company culture needs to support experimentation and change. The speed of AI's adoption rate is staggering, and it may eclipse the internet and cell phone as the fastest-diffusing technology in history, Johnson noted. And that's why businesses cannot afford to wait on the sidelines. When cloud computing emerged several years ago, many companies were nervous to put their data in the cloud, Johnson said. They weren't comfortable doing so until others tested it first. But that wait-and-see approach, she warned, will not work with AI. 'You do not have time to take a seat and watch,' she said. 'Because the pace of innovation is measured in minutes and hours—not days, weeks, and months.' As Johnson put it, many team members may be reticent to jump in and experiment because, traditionally, corporate America has focused on 'mastery.' They've been trained to think that if they're presenting an idea to their boss, they must know all the answers to questions they might face. But that mindset doesn't work today given how quickly AI tools are evolving. 'You have to promote a mindset about getting it right, not being right—and that is a fundamental shift for every human being, because they don't want to make a mistake,' Johnson said. 'AI right now is about trial and error, so you have to say, 'It's expected that we're going make mistakes.' Nobody knows how this story will play out, so you have to create an environment and the culture that enables change.' 3. Leaders must immerse themselves in AI if they expect their teams to experiment with it. To promote that culture of experimentation and change, however, leaders cannot simply dictate to others. They must inspire that transformation by living it themselves. Johnson recommended they take two specific actions: First, experiment with several AI tools and use them frequently—the occasional query to ChatGPT will not suffice. 'If you're a leader and you're not using AI every single day, more than 10 times a day, then don't expect your team to use it,' Johnson said. Second, leaders should look 'very deeply' within themselves to identify old patterns of thinking that won't serve them in this evolving landscape and recognize what and how they must change going forward. 'It's almost always going to be oriented around your mindset—being comfortable with this profound uncertainty regarding the future, not only of the environment around us, but also what your company looks like within it,' Johnson said. 'It's time to get off the bench and get into the game.' Watch the full panel:
Bloomberg
18-07-2025
- Business
- Bloomberg
Fiber-Network Firm Zayo Nears Debt-Extension Deal With Creditors
Zayo Group Holdings Inc. is nearing a tentative agreement with creditors that would extend maturities on some of the fiber-network operator's multibillion-dollar debt pile, according to people familiar with the situation. The framework would entail lenders of a nearly $5 billion secured loan due 2027 being partially paid and unsecured creditors receiving a coupon bump in return for agreeing to extend due dates, said the people, who asked not to be identified discussing a private matter.
Associated Press
09-06-2025
- Business
- Associated Press
Logix Fiber Networks Names Fiber Veteran as COO to Lead Growth and Service Delivery
HOUSTON, June 9, 2025 /PRNewswire/ -- Logix Fiber Networks announced the appointment of Jeff Danielson as Chief Operating Officer, a key leadership addition that will help guide the company's next phase of growth and expansion across Texas. Danielson will report directly to CEO Greg O'Connor. His appointment follows the company's recent recapitalization and strengthens Logix's leadership team as it accelerates investments in its high-capacity fiber network and customer experience enhancements. 'Jeff brings a wealth of technical and operational experience leading large network organizations,' said O 'Connor. 'His expertise is invaluable as we grow our reputation serving Texas businesses with future-ready connectivity and build profitable growth.' Danielson brings more than 20 years of executive experience at leading telecommunications firms including Comcast, Cogent, T-Mobile, Sprint, and Ericsson. His background includes scaling complex network infrastructure and leading large operational teams through periods of transformation and growth. 'Logix is at a pivotal point in the company's journey,' said Danielson. 'I look forward to leading the team driving the next phase of operational excellence and network expansion with our new investment.' With over 300,000 fiber miles and over 3,000 on-network buildings, Logix operates one of the largest independent fiber networks in Texas and serves thousands of businesses and carriers with high-performance connectivity, carrier-grade Ethernet, wavelength connectivity up to 400G, dark fiber and dedicated internet access. Logix will expand its footprint across Houston, Dallas-Fort Worth, Austin and San Antonio, and upgrade its capabilities and offerings. In recent months, Logix announced 400 Gb/s upgrades to its wavelength service to data centers in Austin and the Dallas metro area and has plans to increase that to 800G in the near future. About Logix Logix Communications, LP, d/b/a Logix Fiber Networks ('Logix') is a leading fiber-based network infrastructure provider in Texas, offering high-performance connectivity products, wavelength services and dark fiber to businesses, carriers, and data center operators. Logix operates more than 300,000 fiber miles, serves over 3,000 on-net buildings, and connects to more than 80 third-party data centers across the state. With a reputation for network reliability, local support, and flexible solutions, Logix is the trusted choice for enterprise-grade connectivity in Texas. For more information about Logix Fiber Networks and its services, visit Media Contact: John Hall [email protected] View original content to download multimedia: SOURCE LOGIX Fiber Networks
