LOUISVILLE, Colo. – June 30, 2010 – Zayo Group restated that the terms of its acquisition of American Fiber Systems Holding Corporation (AFS) are not disclosed, but that the $185-190 million consideration referenced by various media outlets is materially inaccurate and overstated. For information about the transaction, please refer to the original press release issued this morning.
About Zayo Group
Based in Louisville, Colorado, privately owned Zayo Group (www.zayo.com) is a provider of bandwidth infrastructure and network neutral colocation services. Zayo provides its services over 20,000 route miles of regional fiber, metro fiber and fiber to the tower networks that span 141 markets and 23 states. Zayo Group is organized into three distinct business units: Zayo Bandwidth, which focuses on the carrier and wholesale segment, Zayo Enterprise Networks and zColo.
About American Fiber Systems
Based in Rochester, New York, privately-held American Fiber Systems (www.afsnetworks.com) provides dark fiber and lit bandwidth services to carrier and large enterprise customers. Since its founding in 1999 by former Frontier Communications President, David Rusin, AFS has expanded to include 1,200+ route miles of metropolitan fiber networks across nine markets and regionally throughout the State of Georgia.
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