Zayo to acquire interconnect firm FiberNet

Zayo Group, the Colorado-based fiber network operator that has been on a tear buying up similar regionally-focused network operators the last couple of years, is buying yet another company. This time, Zayo has agreed to acquire FiberNet Telecom Group, which offers colocation and interconnection services to other network operators, for almost $88 million. However, until June 17, FiberNet has the right to accept better offers. Otherwise, the deal is expected to close in the third quarter.

For more:
- Here's the Zayo press release

Related article
Zayo last summer said its window for deals had not yet closed

Suggested Articles

On the heels of TalkTalk shareholders approving the deal to sell FibreNation to CityFibre, CityFibre is now targeting 8 million premises in the U.K.

Cisco's Kevin Wollenweber has turned into a COVID-19 sleuth of sorts over the past few weeks as he tracks the virus' impact on networks.

The coronavirus pandemic has led to organizations of all sizes sending their employees home for work, but will they want to return to the office?