20-year agreement with $50 million in value
BOULDER, Colo. – July 15, 2016 – Zayo Group Holdings, Inc. (NYSE: ZAYO) has been selected by a major U.S. carrier for a dark fiber network that will enable the customer to significantly expand its service area. The network leverages both Zayo’s existing long haul fiber network and previously announced routes that are under construction.
The carrier will utilize 3,200 route miles from Zayo, connecting nine markets and crossing eight states. By leveraging network that is largely in place, Zayo expects to generate strong IRR and unlevered cash flow from this contract.
“Zayo’s dark fiber backbone will enable the customer to expand its footprint and provide high-bandwidth services to consumer and business customers,” said Randy Brogle, vice president of Long Haul Dark Fiber at Zayo. “Dark fiber is an ideal solution for carriers that want to expand their network presence and effectively support future capacity requirements.”
Zayo’s North American long haul dark fiber network, which includes approximately 29,000 route miles, addresses the needs of carrier, content, enterprise and public-sector organizations for high-capacity communications infrastructure.
For more information, please visit zayo.com.
About Zayo Group
Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud services to the world’s leading businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. Zayo’s 112,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers. In addition to high-capacity dark fibre, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud services in its carrier-neutral data centers. Zayo provides clients with flexible, customised solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth and services. For more information, visit zayo.com.
Forward Looking Statements
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