Zayo Group completes acquisition of AGL Networks

Zayo Group is on a roll lately. Not only did the service provider make a bid to acquire American Fiber Systems, but now it just wrapped its previously announced acquisition of AGL Networks (AGLN).

With the AGL Networks acquisition complete, Zayo Group will add about 850 more route miles to its fiber footprint in addition to 270 buildings to its network. AGLN was a dark fiber provider serving Atlanta, Phoenix and Charlotte.

Along with enhancing its fiber footprint, AGL comes with 20-plus dark fiber customers in high-growth vertical market segments such as service providers, government/enterprise, wireless providers, data center providers and financial houses. Service providers were AGL's biggest dark fiber revenue segment, accounting for 60 percent of its revenue.

In addition to enhancing its fiber footprint, Ken desGarennes, CFO of Zayo Group, said that AGL "is expected to add $9-10M of post synergized EBITDA and $160M of total contract value to Zayo Group."

For more:
- see the release here

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