After releasing countless announcements of partnerships and network expansion in the past couple of months alone, Zayo, provider of fiber-based Bandwidth Infrastructure and network-neutral collocation and interconnection services, and member of the Dark Fiber Community, has more news to add to its list of accomplishments this year.
After coming to a calculated decision, the fiber provider has officially completed its transaction of purchasing 360networks (News - Alert) in a deal that will enable Zayo rights to 360networks’ estimated pro forma revenue of about $393 million a year.
Recently named one of the Denver-areas Fastest Growing Private Companies by the Denver Business Journal, the decision to acquire 360networks came as a no-brainer for Zayo considering the company’s credentials and market reach, which will further enable Zayo to expand its own fiber network.
Zayo serves wireline and wireless carriers, data centers, Internet content and services companies, high bandwidth enterprises as well as federal, state and local government agencies to provide its services over regional, metro and fiber-to-the-tower networks.
“The combination of the two companies’ operations provides us with a platform to greatly expand our market and service coverage,” stated Dan Caruso (News - Alert), president and CEO of Zayo Group. “Given both companies’ focus on simple, Bandwidth Infrastructure services, we anticipate a rapid and smooth integration of the businesses. With the integration of systems and networks already underway, customers can purchase services across our expanded footprint starting today.”
Zayo’s network assets include 44,000 route miles, covering 39 states plus Washington D.C. as well as 4,500 buildings on-net, 450 Points-of-Presence (POPs), 2,100 cell towers on-net, and over 170,000 square feet of collocation space.
According to the Zayo officials, the completion of this acquisition will add 360networks’ 18,500 route miles of metro and intercity fiber to Zayo’s network, interconnecting 73 markets across the central and western United States, including 24 existing Zayo fiber markets.
In addition to its intercity network, 360networks operates metropolitan fiber networks across 25 markets. The acquisition also provides Zayo access to a number of new markets including Albuquerque, Bismarck, Des Moines, San Diego, San Francisco and Tucson.
As part of the agreement, 360networks’ wholesale VoIP business will become part of Onvoy Voice Services (“Onvoy”), which Zayo previously spun off as a separate entity. These services will increase Onvoy’s coverage and scalability as a national voice service provider.
Stefanie Mosca is a Managing Editor for TMCnet, with a particular focus in wireless technologies as well as mobile and IP communications. She holds a master's degree in journalism from Quinnipiac University and a bachelor's degree in communication from the University of New Haven. To read more of her articles, please visit her columnist page or follow her on Twitter (News - Alert) @stefaniemosca.
Edited by Jennifer Russell