Increase in Wavelength Services Revenue
Wavelength services revenue increased by approximately 93% year-over-year and 12% sequentially, with aspirations to capture 25% of the long-haul wavelength market in North America.
EBITDA Growth and Margin Expansion
EBITDA increased sequentially to $48.8 million, with an EBITDA margin increase of 50 basis points to 20.2%. The adjusted EBITDA was $73.8 million, and the adjusted EBITDA margin increased sequentially by 70 basis points to 30.5%.
Increase in IPv4 Leasing Revenue
IPv4 leasing revenue increased by 14.1% sequentially to $17.5 million and by 55.5% year-over-year.
Data Center Monetization
Entered into a nonbinding letter of intent to sell two data centers for $144 million, with plans to monetize all 24 data centers.