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.
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Zayo has added FiberLink, a Midwest-based service provider to its growing acquisition shopping basket, a move that immediately enhances its dark fiber service set. Terms of the deal were not disclosed.
Zayo has completed its $41 million purchase of Access Communications, a deal that immediately expanded its fiber network and on-net building reach in the Minneapolis-St. Paul area.
Zayo announced its new zTech services suite, which targets the professional services market segment by addressing the need for building, designing, and supporting private fiber networks.
Zayo reported that its Q4 revenues for its fiscal year ended on June 30 rose 8 percent sequentially to $258.2 million due to an increase in new net installations and its acquisition of colocation provider Core NAP.
Zayo is enhancing its fiber infrastructure in the Southeast region of the United States with plans to expand its network by over 2,500 route miles.
Zayo has taken out its checkbook again to acquire Access Communications, a regional dark fiber network provider, for $40 million as a means to increase its network presence in the Minneapolis-St. Paul area.