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.
Level 3 Communications has taken the top rank in Vertical Systems Group's 2014 U.S. Competitive provider Ethernet Leaderboard, surpassing XO, Cogent and Zayo.
Zayo has taken another move to enhance its standing in London's growing cloud market by adding Amazon Web Services (AWS) Direct Connect portfolio to its Quick Connect portfolio.
Zayo is shuffling its top management ranks as it completes its acquisition of Latisys, a move that will help it sharpen its focus on colocation, cloud and optical service opportunities.
Zayo reported that its revenue rose 4 percent sequentially to $323.9 million in its second fiscal quarter. The news comes as the company plots for potential future growth via its recent acquisitions of IdeaTek and Latisys.
Zayo is ramping up its regional fiber network buildout play, announcing that it plans to extend its long haul dark fiber network between Salt Lake City and Sacramento.
Zayo is continuing its ongoing buying spree to enhance its data center portfolio by reaching a deal to acquire colocation and infrastructure as a service (IaaS) provider Latisys for $675 million.
Zayo has completed its $52 million acquisition of the carrier and enterprise segments of Buhler, Kan.-based IdeaTek, a deal that immediately bolsters its fiber network to serve new carrier and on-net building locations in Kansas.
Zayo has been awarded a spot on the General Services Administration (GSA) Schedule 70 IT contract, enabling it to compete for federal, state and local government agency telecom service contracts.