FPL FiberNet - Profitable Network

Positioned for growth

Less than two years after entering the unregulated fiber-optic wholesale business, FPL FiberNet has built a network spanning nearly 2,500 route-miles. These include loops in, out, and around eight major Florida cities - most of the major metropolitan areas in the state. FPL FiberNet operates one of the largest metropolitan-area fiber-optic networks in the United States.

FPL FiberNet's rapid growth and success at forging strategic partnerships with customers such as SBC Communications, Genuity and BellSouth is enabling it to increase its contributions to FPL Group's earnings.

Expansion at FPL FiberNet

Backed by the strength of FPL Group, the subsidiary not only offers customers the highest quality fiber at the fastest transmission speeds, but also gets customers to market faster than many other fiber-optic companies. In most cases, the fiber is already in place and ready for customers to use. In an industry undergoing a difficult period, FPL FiberNet's profitability and continued growth allow it to stand out from the crowd.

Positioned for growth

FiberNet is well positioned for future growth. Only a small amount of its current network capability is being utilized, which means there is great potential for added revenues and earnings without additional investment required. In addition, the company's operations are in the high-tech world of South Florida, where there is a heavy concentration of web-hosting companies and application service providers.

Application service providers help companies operate their software applications and home pages from central servers.

In addition, Miami is home to the NAP (Network Access Point) of the Americas - a giant, high-speed switching station capable of routing global Internet traffic. FPL FiberNet was one of the founding members of the NAP of the Americas and is strategically positioned to offer connectivity to telecommunications traffic flowing through the Caribbean, South America, Europe and Asia. The subsidiary also offers connections to the BellSouth Multimedia Internet Exchange (MIX).