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News & Press: Colorado Technology Industry

Zayo seals acquisition of 360networks

Tuesday, December 06, 2011   (0 Comments)
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Zayo seals acquisition of 360networks
By Doug Storum

December 2, 2011 --

LOUISVILLE -The Zayo Group in Louisville announced Friday that it completed its transaction to purchase 360networks.

The resulting bandwidth infrastructure company will have an estimated annual revenue of $393 million.

The company's fiber network totals more than 44,000 route miles and nearly 2 million fiber miles.

"The combination of the two companies' operations provides us with a platform to greatly expand our market and service coverage," said Dan Caruso, president and chief executive 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 under way, customers can purchase services across our expanded footprint starting today."

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.

360networks' wholesale VoIP business will become part of Onvoy Voice Services, which Zayo previously spun off as a separate entity.

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