Press Releases

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Zayo to Acquire Electric Lightwave

Zayo Group Holdings, Inc. (NYSE: ZAYO) today announced it has entered into an agreement to acquire Electric Lightwave, formerly known as Integra Telecom, for $1.42 billion in cash.

Major Wireless Carrier Selects Zayo for Network Upgrade

A major wireless carrier has selected Zayo Group Holdings, Inc. (NYSE: ZAYO) to deploy C-RAN connectivity in two major metro areas. In one market, Zayo will provide an “over the top” fronthaul solution, providing incremental fibres on existing paths to supplement the existing network.

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Zayo Appoints General Counsel and CTO

Zayo Group Holdings, Inc. (NYSE: ZAYO), the global leader in Communications Infrastructure, has named Wendy Cassity as general counsel and Dave Jones as chief technology officer (CTO). Cassity succeeds Scott Beer, who left the company in late 2015.

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Zayo Group Announces Completion Of Term Loan Offering

Zayo announced today it has successfully completed the offering of a new $400 million term loan tranche under its existing credit agreement. The net proceeds were primarily used to finance the previously announced acquisition of Allstream Inc., which also closed today.

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Zayo Completes Acquisition of Allstream

Zayo today announced it has closed its acquisition of Allstream, Inc. (“Allstream”), a wholly owned subsidiary of Manitoba Telecom Services Inc. (TSX: MBT), for a purchase price of CAD $465 million.

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MTS and Zayo Moving to Close Transaction

Manitoba Telecom Services Inc. (TSX: MBT) (“MTS”), and Zayo Group Holdings, Inc. (NYSE: ZAYO), today announce that given the satisfaction of certain conditions to closing as set out in the Share Purchase Agreement dated November 20, 2015 in respect of the sale of Allstream, the parties are now moving to close the transaction expeditiously.

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Zayo Closes Acquisition of Viatel in Europe

Zayo today announced it has closed its €98.8 million acquisition of Viatel‘s infrastructure and non-Irish carrier and high bandwidth business from the Digiweb Group, a full service telecommunications and managed services operator, based in Dublin, Ireland.

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