OnFiber Communications, a privately-held provider of metro wavelength and SONET services, said it achieved $15 million in revenue in 2002, exceeding its goal. OnFiber cited France Telecom Long Distance, eBay, Wal-Mart, Qwest, Microsoft and Yahoo! as customers. The company said it plans to be cash flow positive by year-end 2003.
http://www.onfiber.com
- In August 2002, OnFiber Communications acquired a majority of the network assets and customer contracts of Telseon Inc. The acquisition expanded OnFiber’s network from 10 major U.S. metro areas to 12, adding Denver and Miami. Additionally, OnFiber’s traffic aggregation points doubled to more than 100.
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In May 2002, OnFiber Communications acquired the network assets and customer contracts of Sphera Optical Networks Inc. for approximately $2.3 million. The deal was part of Sphera’s reorganization filing under Chapter 11.