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 […]

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