Lumos Networks

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Lumos Networks is a fiber optic network service provider. Its products include data, broadband, voice, and IP services[1] over a 5,800-mile fiber network in Virginia and West Virginia, as well as parts of Kentucky, Maryland, Ohio, and Pennsylvania.[2] The company's formation was announced on August 8, 2011, combining the Wireline and FiberNet divisions of nTelos.[3] The company is headquartered in Waynesboro, Virginia.[4] Michael Moneymaker serves as the company's president and chief financial officer.[2]

Split from nTelos

Lumos Networks formally split from nTelos following the close of business on October 31, 2011.[4] Following a 1-for-2 reverse stock split of nTelos common stock, nTelos shareholders received one share of Lumos Networks common stock for each share of nTelos common stock that they owned following the split.[5][6] Lumos Networks began public trading on the NASDAQ exchange on November 1, 2011 under the ticker symbol LMOS.[6]

Lumos in Blacksburg

Lumos operates metro fiber-optic Internet services in Blacksburg, but is generally too expensive for residential customers. A symmetric 10-Mbps connection will cost about $300/month, and a symmetric 100-Mbps connection will cost about $1000/month. Unlike Comcast and NTC, Lumos offers 100% uptime guarantees through service-level agreements.

References

  1. {{#invoke:citation/CS1|citation |CitationClass=web }}
  2. 2.0 2.1 Stuart, Bob (2011-09-09). "A new milestone". The News Virginian. Archived from the original on 2011-11-12. http://www.webcitation.org/637y4syHW. Retrieved 12 November 2011. 
  3. Adams, Duncan (2011-09-09). "Ntelos companies form Lumos Networks Corp.". The Roanoke Times. Archived from the original on 2011-11-12. http://www.webcitation.org/637xGEIvM. Retrieved 12 November 2011. 
  4. 4.0 4.1 "NTELOS and Lumos Networks to Report Financial Results for Third Quarter 2011". The Wall Street Journal. 2011-11-02. Archived from the original on 2011-11-12. http://www.webcitation.org/637xQCRHL. Retrieved 12 November 2011. 
  5. "NTELOS Holdings Corp. Completes Separation of Lumos Networks Corp.". Traders Huddle. 2011-11-01. Archived from the original on 2011-11-12. http://www.webcitation.org/637xm9Z8s. Retrieved 12 November 2011. 
  6. 6.0 6.1 "Lumos Networks begins trading on NASDAQ". Virginia Business. 2011-11-01. Archived from the original on 2011-11-12. http://www.webcitation.org/637yeb0Tu. Retrieved 12 November 2011. 


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