Acquisition adds unique, high-count fibre routes in Midwest
BOULDER, Colo. – April 17, 2018 – Zayo Group Holdings, Inc. (NYSE: ZAYO) today announced that it has completed the acquisition of substantially all of the assets of Neutral Path Communications and Near North Partners.
The acquisition adds 452 owned route miles, plus additional leased route miles, to Zayo’s extensive North American network, including a unique, high-count fibre route from Minneapolis to Omaha. The fibre footprint provides Zayo with three owned diverse fibre routes out of Minneapolis, Chicago and Omaha.
As a result, Zayo is able to sell multi-city dark fibre and fibre-based lit solutions from Minneapolis into Omaha, extending to Denver, Kansas City, Tulsa, Dallas, Des Moines, Chicago and other major markets.
“The acquisition enables us to better connect and support our robust Minneapolis network,” said Jack Waters, CTO and president of Fibre Solutions at Zayo. “Because of the complementary nature of the acquisition, and our Tranzact platform, we can begin cross-selling our full suite of services immediately.”
For more information, please visit zayo.com.
About Zayo Group
Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications infrastructure solutions, including fibre 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 127,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centres. In addition to high-capacity dark fibre, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud infrastructure in its carrier-neutral data centres. Zayo provides users with flexible, customized solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth. 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 22, 2017. 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.