As promised in August, bandwidth provider Zayo Group completed its purchase of the remaining ownership interest in USCarrier Telecom LLC, a fiber-based wholesale service provider in the Southeast. The purchase price, which included $2.3 million to retire USCarrier’s outstanding net indebtedness, was $15.9 million. The transaction was funded from cash on hand.
Previously, Zayo Group, Louisville, Colo., acquired an approximately 50 percent interest in Atlanta-based USCarrier through its acquisition of American Fiber Systems in October 2010.
USCarrier is a regional fiber-based bandwidth services provider with a network that spans the southeastern United States including Georgia, Florida, Alabama and Tennessee. The acquisition adds a 3,700-mile regional fiber network that connects major markets including Atlanta, Jacksonville, Tallahassee, Nashville and Chattanooga. Along with the larger tier 1 markets, the network extends into 40 smaller cities, such as Macon and Savannah, Ga.; and Mobile and Montgomery, Ala. Also, with the USCarrier assets, Zayo Group will extend connectivity into its previous island market of Nashville.
USCarrier offers transport services like Ethernet and Wavelengths, which Zayo Group will continue to offer as a product and opportunistically expand to other service offerings including IP and dark fiber services.
“This new network provides access to large and small cities throughout the southeastern United States,” said Dan Caruso, president and CEO for Zayo Group. “Over the last five years, Zayo has acquired and developed similar assets throughout the U.S. along with national and regional networks that allow us to offer unique bandwidth infrastructure solutions for our customers.”
With its acquisitions of AboveNet in July and FiberGate in September, Zayo Group’s network assets include approximately 68,500 route miles, covering 45 states plus Washington, D.C. Additionally, Zayo Group has more than 136,000 square feet of colocation space and approximately 9,000 on-net buildings.
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August 22 2019 @ 21:32:04 UTC