Zayo has added another piece to its growing colocation business zColo by reaching a deal to acquire Dallas-based data center provider CoreXchange for an undisclosed sum.
Cincinnati Bell has set an ambitious target to pass 60-70 percent of the city's homes with its fiber to the home (FTTH)-based Fioptics product. "We see a path to about 60-70 of the city being covered and that's within our return thresholds today," said Leigh Fox, CFO of Cincinnati Bell, during the Raymond James 35th Annual Institutional Investors Conference.
Zayo reported that its fiscal quarter revenue grew 14 percent year-on-year to $273.6 million due to organic growth and acquisitions of other regional fiber-based providers throughout the past year.
Zayo is doubling its network presence in London, announcing that has begun building a 53-mile fiber network east of London.
The Amsterdam Internet Exchange has taken another step forward with its ongoing expansion into the U.S. colocation market by selecting Zayo to provide dark fiber to connect its data centers in the New York area where it runs its Internet peering platform.
Zayo is giving its customers another way to ease the service ordering process with the release of its Tranzact portal.
Zayo's fiber network construction capabilities continue to resonate with its wholesale service provider customers, and its contract to build a Point of Presence (PoP) network for U.K.-based SSE Telecoms is another proof point of that thesis.
Zayo has completed an amendment of its credit limit, increasing its $1.6 billion term loan facility by $150 million to $1.75 billion.
Zayo has turned its attention to the Miami market as its latest expansion target as its subsidiary zColo builds out a new colocation facility in Digital Realty Trust's (DRT) data center, located at 36 NE 2 St. in downtown Miami, and a new metro fiber network that will connect the new location.
Zayo Group reported that a mix of new net installations and the addition of new customers and network facilities from acquisitions drove up fiscal first quarter revenue 10 percent to $264.3 million.