ORLANDO-Epic Communications Inc. has received a $237 million boost from its parent, Florida East Coast Railway Co., to help complete the planned 1,850-mile fiber-optic network from Atlanta to Miami. FEC’s total investment in the project to date is $450 million. The project is expected to be completed next spring.

Epic is a telecommunications wholesaler, leasing its network to retail telecommunications providers. The company expects to lose millions this year because of heavy startup costs.

Epic is also affiliating with other networks, giving it access to another 6,000 miles of fiber-optic cable from New Orleans to Denver to Chicago.

The Southeastern network is being built largely along the path of the Florida East Coast Railway Co.’s tracks and along highway rights-of-way.

In a prepared statement, Benjamin Finzi, Epic’s president for strategy and business development, says Epic won’t become an Internet service provider itself, but will build the infrastructure needed to run an ISP.

“Think of what we’re creating as an ISP in a box,” Finzi says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.