Zayo Group is continuing its M&A push with this week’s takeover of a utility company’s dark fiber assets.
Zayo, based in Colorado, operates four divisions – bandwidth, enterprise networks, and voice and colo services – and relies on fiber to provision its products. So, it bought AGL Resources’ dark-fiber telecom business, which translated into a network of more than 795 route miles and 182,000 fiber miles.
AGL, a utilities company, served customers near its Atlanta headquarters as well as in Charlotte, N.C., and Phoenix. Zayo said it will continue to support those users.
Financial terms of the deal were not disclosed. The transaction should wrap up by the end of the second quarter.
Last September, Zayo completed the $90.7 million buyout of colo operator FiberNet Telecom Group.