Spread Networks, a privately owned telecommunications provider, today announced the introduction of an innovative new service, offering managed bulk bandwidth at 16 milliseconds round-trip between Chicago and New York for one flat monthly rate.
Spread’s new service, delivered across Spread's industry leading Chicago to New York fiber backbone, offers customers up to 250Gbps at a round-trip latency of 16 milliseconds, all for a fixed monthly fee on a long-term contract plus the cost of optical gear.
Commenting on the new service, David Barksdale, Spread's CEO said: "We have spent the last year delivering highly successful ultra low latency services to the most latency-sensitive companies in the world. Now, we have turned our attention to the ever-growing need for massive bandwidth between Chicago and New York, and we are delivering a lit service that provides the scalable bandwidth and operational flexibility of a conventional dark fiber IRU with a much superior SLA and cost structure.” said David Barksdale, Chief Executive Officer of Spread Networks, “The benefits of dark fiber basically come down to flexibility and flat costs. Our Managed Bulk Bandwidth service provides the engineering and operational flexibility associated with dark fiber along with a fixed operating cost for the service. However, unlike a dark fiber IRU, which requires a dark fiber buyer to invest millions in IRU fees and optical gear commons hardware, our service limits up-front capital expenditure. Best of all, we SLA the bandwidth, whereas a dark fiber IRU only guarantees the fiber. By bringing this service to market with Sidera as our first customer, we broadened our already successful partnership and validated this new service out of the gate.”
“We are excited to be the first customer for this innovative service,” said Mike Sicoli, CEO of Sidera Networks. “We are always looking for ways to enhance our position as a leader in metro connectivity for customers in both New York and Chicago. This deal gives us even greater access to Spread’s first-class Chicago to New York network with an economic framework that will help us scale network growth cost effectively.”