Zayo Group has closed its acquisition of AboveNet.
Zayo said in March that it would buy fellow dark-fiber provider AboveNet for $2.2 billion. The deal closed on Monday. The companies’ combined network operates in 45 states, seven countries and spans more than 61,000 route miles with 4.6 million miles of fiber. Their services include wavelengths, SONET, Ethernet and colocation. Zayo also will expand AboveNet’s ISP services to major markets in the United States, for wholesale and enterprise access. At the same time, Zayo will place its zColo products into AboveNet’s facilities, bringing Zayo’s total colo facility count to 20.
The network interconnection work should be done in three months but the rest of the combined organization is ready for business.
"’Zayo’s extensive experience in integration through its 19 previous acquisitions will help us quickly integrate the network and operations of AboveNet into a single platform," Dan Caruso, president and CEO of Zayo Group, said in a prepared statement. "I am confident customers will see little disruption and will seamlessly have access to the assets and services of both companies."
Zayo further has been planning the launch of a formal channel program. In June, Zayo’s marketing and investor relations director told Channel Partners that the company "will continue what AboveNet has done in terms of support for channel partners." More details should be available soon.
Meanwhile, now that the AboveNet transaction is finalized, Zayo continues to work toward the close of its cash purchase of FiberGate.
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January 22 2019 @ 22:01:08 UTC