Who says there's no room for a new carrier in the market? Maybe consolidation of larger carriers actually is making room. Of course, to even get started in the carrier business these days, you have to be willing to use consolidation as a major ingredient, and that's what Zayo Broadband has been up to of late--that, and raising a lot of money.
The Louisville, Ky.-based company, headed by former ICG executive Dan Caruso, has raised $225 million from VCs, has already bought two other carriers and has agreed to acquire two more, including Minneapolis CLEC Envoy. We're looking forward to seeing what else Zayo has up its sleeve to compete in the ever-changing telecom landscape.
For More:
- The Denver Post has more on Zayo's coming-out party