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.
Zayo has begun deploying small cell sites in Indianapolis for a large wireless operator, a win that illustrates the service provider's aggressive movement into this growing space is paying off.
Zayo has completed the buildout of a new 1,000 mile intercity dark fiber route between Omaha, Neb., and Dallas, enabling it to respond to a mix of Tier 1 and Tier 2 market opportunities.
Zayo is supplying IX Reach, a wholesale carrier provider, a mix of colocation and dark fiber facilities connecting data centers in New York and New Jersey.
Zayo has won a deal to provide O2 a managed fiber network throughout the UK, the latest of several moves that build on the momentum it has gained in Europe from its acquisition of Geo Networks and related network builds.