Zayo buying Access for $40 million
Last Updated: 15:43 August 19, 2013
Access Communications' 1,200- mile dark-fiber network connects more than 500 buildings, including data centers.
Access is focused on providing dark-fiber services to business and governmental customers, particularly within the education segment.
"Given the complementary breadth and depth of its fiber network, the Access transaction is a natural step for Zayo," said Dan Caruso, president and chief executive of Zayo Group. "The acquisition is the latest in a series of major investments supporting the growth of our bandwidth infrastructure business in Minnesota."
Adding Access' network to Zayo's existing network creates a network of more than 2,200 miles in the Minneapolis-St. Paul area.
Zayo's overall network includes 74,300 route miles, serving 45 states and Washington, D.C. It serves approximately 11,740 on-net buildings, including 571 data centers, 563 carrier points of presence and 3,045 cell towers. Zayo's colocation assets include 141,000 billable square feet of interconnect-focused colocation space.
The transaction, subject to customary approvals, is expected to close quickly and will be funded with cash on hand.
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