Leverages Zayo’s fiber network in 26 existing markets
BOULDER, Colo. – September 6, 2016 – Zayo Group Holdings, Inc. (NYSE: ZAYO) has signed its largest mobile infrastructure contract to date. Zayo will upgrade and expand the customer’s fiber-to-the-tower (FTT) network, which includes dark fiber to more than 1,800 cell sites in 26 markets across the U.S.
The deployment will leverage Zayo’s existing FTT networks in 20 markets. Additionally, the award represents follow-on sales to Zayo’s recently announced network expansions that are in progress. Finally, the solution results in the introduction of FTT in six Zayo markets by leveraging existing dense metro dark fiber.
“Close collaboration between Zayo and our customer resulted in a solution that achieved a low price per site for our customer and strong financial outcome for Zayo,” said Dan Caruso, chairman and CEO of Zayo. “Zayo believes the opportunity in these markets is far greater than the scope of this initial award, and the buildout will provide the scaffolding for serving broader requirements in the coming years.”
With this expansion, Zayo’s FTT network will surpasses an estimated 10,000 cell sites nationwide, including those under construction. Zayo continues to play a critical role in addressing wireless service providers’ needs for high-capacity communications infrastructure for macro towers and small cell nodes.
“The power of second tenant economics is demonstrated through this award, including where the other tenants are from a variety of verticals, such as content providers, technology companies, traditional enterprises, and school districts,” added Chris Morley, chief operating officer at Zayo. “The financial merits of a multi-tenant platform will become even more compelling as wireless carriers move toward small cell, 5G and CRAN.”
For more information on Zayo, 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 services 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 112,600-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 services 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.