Zayo Group expands in France with acquisition
Last Updated: 15:12 April 28, 2014
The purchase price has not been disclosed, but the deal will be funded with cash on hand and is expected to close at the end of the second quarter, according to a statement issued by Boulder-based Zayo Group.
The acquisition adds 350 metro-route miles in Paris and more than 500 buildings to Zayo's network. Neo also operates nine colocation centers across France with more than 36,000 square feet of data-center space.
The Paris and regional network throughout France will be integrated into Zayo's existing European network connecting London, Frankfurt and Amsterdam, and the United States.
"Neo has established a strong bandwidth infrastructure presence in France, and we believe this acquisition will enable growth through our combined fiber footprint for end-to-end solutions," said Dan Caruso, president and chief executive of Zayo Group.
Zayo Group provides bandwidth infrastructure services in more than 300 markets throughout the United States and Europe. Zayo delivers managed services and dark fiber products to wireline and wireless customers, data centers, Internet content providers, high-bandwidth enterprises and government agencies across its 77,000 route mile network.
More breaking news...
Longmont fracking decision could affect other cities
The bank has been working
WhiteWave to announce earnings Aug. 7
Attorneys arguing against
Noodles releasing 2Q earnings report Aug. 13
The call will begin at 8 a.m. Mountain Time. Management will discuss
The call will begin at 2:30 p.m. Mountain Time.