Bandwidth infrastructure provider Zayo Group LLC is purchasing London-based Geo Networks Ltd. for an undisclosed sum.
The deal will close immediately, funded by a combination of cash on hand and a draw from Zayo's revolving credit facility.
Bringing Geo, a dark-fiber provider, into the fold will add more than 2,100 route miles to Zayo's European network along with connectivity to 587 on-net buildings. Geo also provides managed networks and colocation services to media companies, service providers, financial services, data centers and gaming organizations.
In the U.K. alone, Zayo's fiber footprint adds 1,800 miles of national fiber connecting 130 data centers, telehouses and Internet exchanges along with offering direct access to Manchester, Birmingham and other large commercial regions, the buyer says.
The purchase also establishes a Zayo presence in Ireland through an optical fiber subsea system called the East-West Ring, which connects to many of Dublin's data centers and cloud service providers.
For more:
- see this release
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