Spread Networks Intros Bulk Services, Sells a Big Chunk to Sidera

Low latency bandwidth specialist Spread Networks is introducing sales of ‘managed bulk bandwidth’ on their leading NYC-Chicago routes. And they’re not playing around, as Northeastern fiber operator Sidera Networks has signed on for 250Gbps at a round trip latency of 16ms. They’ll be paying a fixed monthly fee on a long term contract plus the cost of gear.

Larger wholesale sales like this are a natural evolution of Spread’s business model. As the king of the low latency hill on this key route, they have something that other service providers want or perhaps even need to have in their portfolio. Meanwhile though, Spread’s own portfolio of products is limited to this route and basic transport services, while many buyers are seeking a more complete solution reaching more sites with a wider array of needs.

Sidera Networks is a natural partner there, because while they have substantial metro network assets on both ends, they have no intercity fiber to Chicago but a keen interest in the financial vertical overall. Thus, by adding 250Gbps of connectivity from Spread to their offerings in bulk, they can more quickly address a wider variety of customers within one of their most preferred verticals.

Spread Networks has been relatively quiet lately, I wonder if they have anything else cooking.  Sidera was rumored to be back up for sale back in the Spring, but there has been no sign of anything on that front as either buyer or seller.

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Categories: Low Latency · Metro fiber