Purchase further strengthens Zayo’s expansive fiber and colocation
portfolio on the West Coast
BOULDER, Colo. – Zayo
Group Holdings, Inc. (NYSE: ZAYO) completed the $12 million
acquisition of KIO Networks’ San Diego data centers. The two data
centers, located at 12270 World Trade Drive and 9606 Aero Drive, total
more than 100,000 square feet of space and 2 megawatts (MW) of critical,
IT power, with additional power available. The acquisition builds on
Zayo’s continued growth on the West Coast, which includes extensive
network assets from Electric Lightwave and recently announced data
centers in Santa Clara and Los Angeles.
Zayo has experienced accelerated demand for data center and
interconnection services in San Diego, fueled by customers in IT,
healthcare and professional services. The acquisition of Kio’s data
centers not only provides crucial capacity to meet this demand, but also
an embedded revenue base that supports the financial profile of the
deal. Zayo’s pre-synergy acquisition multiple is 9.6x LQA EBITDA.
The San Diego facilities will provide extensive interconnection and
access to Zayo’s fiber backbone in California, which now encompasses
more than 8,000 route miles. Zayo’s high-count fiber also connects to
multiple landing stations providing subsea cable access up the
California coast and to the Asia Pacific (APAC) region.
“California is an important hub of the global economy, and this
acquisition further strengthens Zayo’s position as a leading
infrastructure provider,” said T.J. Karklins, senior vice president of
Zayo’s zColo business segment. “We now have zColo datacenters in all of
California’s leading metros, creating a strong chain up the West Coast
which extends to Seattle. Customers increasingly require solutions that
require network connectivity, colocation and cloud infrastructure. Zayo
offers all three at scale.”
For more information, please visit zayo.com.
About Zayo Group
Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications
infrastructure services, including fiber and bandwidth connectivity,
colocation and cloud infrastructure to the world’s leading businesses.
Customers include wireless and wireline carriers, media and content
companies and finance, healthcare and other large enterprises. Zayo’s
126,000-mile network in North America and Europe includes extensive
metro connectivity to thousands of buildings and data centers. In
addition to high-capacity dark fiber, wavelength, Ethernet and other
connectivity solutions, Zayo offers colocation and cloud infrastructure
in its carrier-neutral data centers. Zayo provides clients with
flexible, customized solutions and self-service through Tranzact, an
innovative online platform for managing and purchasing bandwidth and
services. For more information, visit zayo.com.
Forward Looking Statements
This press release contains a number of forward-looking statements.
Words, and variations of words such as “believe,” “expect,” “plan,”
“continue,” “will,” “should,” and similar expressions are intended to
identify our forward-looking statements. No assurance can be given that
future results expressed or implied by the forward-looking statements
will be achieved and actual results may differ materially from those
contemplated by the forward-looking statements. These forward-looking
statements involve risks and uncertainties, many of which are beyond our
control. For additional information on these and other factors that
could affect our forward-looking statements, see our risk factors, as
they may be amended from time to time, set forth in our filings with the
SEC, including our 10-K dated August 25, 2016. We disclaim and do not
undertake any obligation to update or revise any forward-looking
statement in this press release, except as required by applicable law or
regulation.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170504005572/en/
Zayo Group Holdings, Inc.
Media:
Shannon Paulk,
303-577-5897
Corporate Communications
press@www.zayo.com
or
Investors:
Brad
Korch, 720-306-7556
Investor Relations
IR@www.zayo.com