Zayo Group

Zayo Group
Public
Traded as NYSE: ZAYO
Industry Communications Infrastructure
Founded 2007
Founder Dan Caruso and John Scarano
Headquarters Boulder, Colorado, USA
Services Fiber and bandwidth connectivity, colocation and cloud services
Revenue $2 billion annualized
Number of employees
 3,100
Website zayo.com

Zayo Group is a publicly traded company headquartered in Boulder, Colorado, with European headquarters in London.[1] The company provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud services. Zayo’s primary customer segments include data centers, wireless carriers, national carriers, ISPs, enterprises, and government agencies. Zayo Group was built largely through acquisitions; it took over thirty companies from 2007 to 2014, including AboveNet and 360networks.[2] An initial public offering of stock raised $600 million in 2014.[3]

Founding and acquisition history

Zayo was founded in 2007 by Dan Caruso and John Scarano.[4][5] In 2007, Zayo acquired Memphis Networx,[4] VoicePipe,[6] Onvoy Inc,[6] PPL Telcom[7] and Indiana Fiber Works.[4] In 2008, Zayo acquired Columbia Fiber Solution,[4] Adesta Communications assets,[8] two sets of fiber assets from Citynet,[9] two sets of fiber assets from Northwest Telephone,[10] and CenturyTel Regional Markets.[10] In 2009, Zayo acquired FiberNet Telcom Group, Inc.[11] In 2010, Zayo acquired AGL Networks,[12] American Fiber Systems,[4] and Dolphini’s Cummins Station data center and colocation services.[13] In 2011, Zayo acquired MarquisNet data center business in Las Vegas,[14] and 360networks.[15] In 2012 Zayo acquired AboveNet,[16] FiberGate,[17] Arialink,[18] US Carrier Telecom,[19] First Telecom Services,[19] and Maryland-based Litecast/Balticore.[20] In 2013 Zayo acquired Austin-based data center operator Core NAP,[21] Access Communications,[22] Midwest-based dark fiber operator FiberLink,[23] and Corelink Data Centers. In 2014, Zayo acquired Dallas-based data center operator CoreXchange,[8] Neo Telecoms,[24] and Geo Networks.[25] In 2015, the company acquired Latisys, IdeaTek Systems and Viatel. In 2016, Zayo acquired Stream Data Center, Clearview International and Allstream, Canada's main facilities-based inter-exchange carrier which has its roots in the railway telegraph business CNCP Telecommunications.[26] As of July 2016, Zayo has completed 39 acquisitions.

On June 13, 2014, Onvoy spun off from Zayo Group Holdings.[27] On June 16, 2014, Onvoy LLC acquired the assets of Vitelity, a voice over IP provider based in Denver, Colorado.[28] On September 3, 2015, Onvoy LLC acquired Broadvox Communications, a competitive local exchange carrier VoIP service provider for business telecommunications.[29]

On November 30, 2016, Zayo Group Holdings Inc said it would buy smaller rival Electric Lightwave for $1.42 billion in cash to expand its fiber network on the U.S. West Coast.

Network and services

Zayo owns a fiber network that spans more than 114,500 route miles in North America and Europe. The network is connected to 25,263 buildings, including 1,060 data centers, 15,300 enterprise buildings, and 6,000 cellular towers. Zayo operates a Tier 1 IP network, with settlement-free peering with all other Tier 1 providers. Additionally, Zayo operates 62 colocation facilities[30] with a combined footprint of 696,000 sq. ft. of sellable space. Zayo's services include dark fiber, wavelengths, SONET, Ethernet, IP services, colocation, wireless backhaul and small cells.

References

  1. ↑ [1]
  2. ↑ BRIAN DEAGON. "IPO Stock Watch: Zayo Group Up 16% In Tough IPO Market ZAYO XENE - Investors.com". Investor's Business Daily.
  3. ↑ IPOdesktop (17 October 2014). "IPO Preview: Zayo Group Holdings".
  4. 1 2 3 4 5 Raice, Shayndi (December 29, 2010). "Fiber-Optic Networks Regain Some Glow". The Wall Street Journal. Retrieved June 3, 2014.
  5. ↑ Avery, Greg (November 8, 2013). "Zayo Group's Many Acquisitions Puts it in $1 Billion Club". Denver Business Journal. Retrieved June 3, 2014.
  6. 1 2 Wirz, Matt (March 1, 2013). "Refis Put the Free in Free Cash Flow". The Wall Street Journal. Retrieved June 3, 2014.
  7. ↑ "Former ICG Execs in $225 Million Deal". Denver Business Journal. August 30, 2007. Retrieved June 3, 2014.
  8. 1 2 Lindenstein, Joshua (March 21, 2014). "Zayo Mulls Path to Continued Growth". Boulder County Business Report. Retrieved June 3, 2014.
  9. ↑ "Zayo Group Acquires Citynet Fiber Network". The Herald-Dispatch. Retrieved April 10, 2014.
  10. 1 2 Gubbins, Ed (June 2, 2008). "Zayo Closes Seventh Acquisition, Eighth to Follow". Connected Planet. Retrieved June 3, 2014.
  11. ↑ Kang, Cecilia (June 29, 2009). "Expansion-Minded RCN Sparks Bidding War for N.Y. Telecom". The Washington Post. Retrieved April 4, 2014.
  12. ↑ "AGL Networks Sold to Zayo". Atlanta Business Chronicle. June 28, 2010. Retrieved April 10, 2014.
  13. ↑ Lawley, Erin (September 29, 2010). "Dolphini Networks Split Up, Sold". Nashville Post. Retrieved April 10, 2014.
  14. ↑ Miller, Rich (January 3, 2012). "Zayo Acquires MarquisNet Las Vegas Business". Data Center Knowledge. Retrieved April 4, 2014.
  15. ↑ "360networks Being Acquired By Zayo". The Seattle Times. October 7, 2011. Retrieved June 3, 2014.
  16. ↑ De La Merced, Michael (March 19, 2012). "Zayo to Buy AboveNet for $2.2 Billion to Extend Fiber Network". The New York Times. Retrieved April 4, 2014.
  17. ↑ "Zayo Group Completes FiberGate Purchase". Channel Partners Online. Retrieved 10 April 2014.
  18. ↑ "Zayo Completes Arialink Acquisition". Channel Partners. May 2, 2012. Retrieved June 3, 2014.
  19. 1 2 Moore, Paula (October 18, 2013). "Zayo Group's Success Built on Bigger Bandwidth". Denver Business Journal. Retrieved 4 June 2014.
  20. ↑ Pankratz, Howard (December 14, 2012). "Louisville's Zayo Group buys Baltimore Firm for $22 Million". The Denver Post. Retrieved June 3, 2014.
  21. ↑ "Zayo Enters Austin Market with Core NAP Acquisition". Datacenter Dynamics FOCUS. Retrieved 10 April 2014.
  22. ↑ Avery, Greg (Oct 7, 2013). "Zayo Group Buys Denver-Chicago Fiber-optic Route". Denver Business Journal. Retrieved June 3, 2014.
  23. ↑ Malik, Om. "It's Fiber Monday: Zayo & Time Warner Cable Go Fiber Network Shopping". GIGAOM. Retrieved 8 April 2014.
  24. ↑ Rath, John (April 29, 2014). "Zayo Acquires Neo Telecoms". Data Center Knowledge. Retrieved June 3, 2014.
  25. ↑ Scroxton, Alex (May 19, 2014). "Zayo Buys UK Dark Fibre Provider Geo Networks". Computer Weekly. Retrieved June 3, 2014.
  26. ↑ "Manitoba Telecom Services sells Allstream business for $465M". Retrieved September 29, 2016.
  27. ↑ [25]
  28. ↑ https://www.onvoy.com/wp-content/uploads/2014/10/Final-Law-Enfocement-Support-Info-for-Website-10.3.14.pdf
  29. ↑ "It's Official: Onvoy Becomes National Powerhouse With Acquisition of Broadvox". September 3, 2015. Retrieved September 29, 2016.
  30. ↑ "Zayo Acquires Dallas Based Provider, CoreXchange". The Hosting News. March 7, 2014. Retrieved June 2, 2014.
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