Zayo Group

 

Zayo Group Raises $315 Million

Louisville, Colo.-based Zayo said it plans to use the funds to complete its $345 million acquisition of 360networks.

Zayo Snaps Up More Dark Fiber

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 […]

RCN Bows Out of Bid to Buy FiberNet

Minus any additional drama, FiberNet Telecom Group Inc. (FTGX) will indeed sell to Zayo Group LLC. Zayo Group made its $88 million buyout offer in late May but there was a caveat: Other companies would be allowed to make competing bids by June 17. And guess what? RCN Corp. did just that on June 16. The […]

RCN Tries to Edge Zayo Out of FiberNet Purchase

Zayo Group LLC might not be FiberNet Telecom’s (FTGX) buyer after all. Enterprise-minded cable operator RCN (RCNI) has swooped in with a $96 million purchase offer, a sum that certainly surmounts Zayo’s $88 million. And it was clear from the outset of the proposed Zayo-FiberNet transaction – announced in May – that “any superior proposals” made by […]

Zayo Offers $11.45 Per Share for FiberNet

IP services provider Zayo Group LLC is buying colo operator FiberNet Telecom Group Inc. (FTGX). That is, unless FiberNet fields “any superior proposals from third parties” by June 17. And if it does, FiberNet won’t share any details until its board decides to accept any said superior proposal. In the meantime, Zayo and FiberNet are planning […]

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