Company secures 12 follow-on sales on route
BOULDER, Colo. – August 22, 2016 – Zayo Group Holdings, Inc. (NYSE: ZAYO) today announced that it has secured 12 follow-on customers on its Sacramento to Salt Lake City route. Zayo began construction on the route in early 2015 after securing the anchor tenant. The 970-mile route was completed on schedule in the fourth quarter 2015 and approximately 25 percent under budget.
The follow-on sales are to three long haul dark fiber and nine wavelengths customers, including major carriers, internet and content companies. In aggregate, the combined sales are generating a strong return, with a cash flow yield of approximately 29 percent.
The Sacramento to Salt Lake City route complements Zayo’s existing long haul network and enables diverse connectivity for enterprise, carrier, cable and content companies between major west coast data center markets such as Los Angeles, Seattle and The Bay Area to the rest of the country. Zayo is offering its full range of high-performance connectivity solutions across the route, including dark fiber, wavelengths, Ethernet and IP.
“This route is generating significant customer momentum, especially with west coast content customers,” said Dave Jones, executive vice president of dark fiber solutions at Zayo. “It’s a unique route, which provides critical diversity. Zayo now provides four diverse paths from the west coast to Chicago, with access to our global network and infrastructure.”
With the completion of this route, Zayo’s long haul dark fiber network spans approximately 30,000 route miles across North America and Europe.
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 112,000-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 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.