Hibernia Networks has locked in a deal with Zayo Group that will give Zayo customers a secure, high-speed extension to Europe as part of the new Hibernia Express transatlantic cable currently being deployed. As the first high-speed fiber optic cable that's been laid between Europe in North America in more than 12 years, the cable will provide 100 Gbps transmission capacity between the two continents.
While incumbent telcos and some competitors have shied away from providing dark fiber for wireless backhaul, a Zayo executive sees interest and adoption of dark fiber continuing to ramp.
Zayo reported that its fiscal third-quarter revenues were $341 million, up $16.8 million sequentially, representing 21 percent annualized sequential growth.
It has been a busy week of consolidation in the dark fiber services space with two major deals taking place: Lightower Fiber Networks buying Fibertech for $1.9 billion on Monday and on Thursday Crown Castle snapped up Quanta Fiber Services (Sunesys) for $1 billion. The big question is: What's next in the dark fiber acquisition space?
With its acquisition of tw telecom now complete, Level 3's focus in 2015 will be on integrating those assets into its fold, but that does not mean that it's ruling out pursuing new deals.
Crown Castle is acquiring Quanta Fiber (called Sunesys), a subsidiary of Quanta Services, for about $1 billion in cash, a deal that will immediately bolster the wireless tower company's dark fiber capabilities for small cell backhaul services.
Zayo's colocation business, zColo, has opened its third data center in Denver, Colo., a market it entered by acquiring Latisys, a colocation and Infrastructure-as-a-Service (IaaS) provider.
Zayo is on the building path again with plans to extend its long-haul fiber network between Phoenix and Dallas, an initiative that will add more than 1,200 route miles to its 16,000 route mile network.
Zayo has taken another step forward in its expansion into Ireland by signing an agreement with carrier-neutral colocation provider Interxion, which will serve as the first site in its newly expanded long-haul European network.
Zayo has completed its follow-on public offering of 21.85 million shares of its common stock, including 4 million shares sold by the company and 17.85 million sold by shareholders, at $27.35 a share.