Zayo Group

Zayo Group
Public
Traded as NYSE: ZAYO
Industry Internet fiber networks, data centers
Founded 2007
Founder Dan Caruso and John Scarano
Headquarters Boulder, Colorado, USA
Services Network infrastructure and carrier-neutral colocation
Revenue $1.2 billion (FY2013-2014)
$179 million loss (FY2013-2014)[1]
Website zayo.com

Zayo Group is a publicly traded company headquartered in Boulder, Colorado, with European headquarters in London.[2] The company provides fiber-based bandwidth infrastructure services and carrier-neutral colocation. Zayo’s primary customer segments include data centers, wireless carriers, national carriers, ISPs, enterprises, and government agencies.

A survivor of the dot-com bubble, Zayo Group was built largely through acquisitions; it took over thirty companies from 2007-2014, including bankrupt firms such as AboveNet and 360networks.[1] An initial public offering of stock raised $600 million in 2014.[3]

Founding and acquisition history

Zayo was founded in 2007 by Dan Caruso and John Scarano.[4][5] In 2007, Zayo acquired Memphis Networx,[4] VoicePipe,[6] Onvoy Inc,[6] PPL Telcom[7] and Indiana Fiber Works.[4] In 2008, Zayo acquired Columbia Fiber Solution,[4] Adesta Communications assets,[8] two sets of fiber assets from Citynet,[9] two sets of fiber assets from Northwest Telephone,[10] and CenturyTel Regional Markets.[10] In 2009, Zayo acquired FiberNet Telcom Group, Inc.[11] In 2010, Zayo acquired AGL Networks,[12] American Fiber Systems,[4] and Dolphini’s Cummins Station data center and colocation services.[13] In 2011, Zayo acquired MarquisNet data center business in Las Vegas,[14] and 360networks.[15] In 2012 Zayo acquired AboveNet,[16] FiberGate,[17] Arialink,[18] US Carrier Telecom,[2] First Telecom Services,[2] and Maryland-based Litecast/Balticore.[19] In 2013 Zayo acquired Austin-based data center operator Core NAP,[20] Access Communications,[21] Midwest-based dark fiber operator FiberLink,[22] and Corelink Data Centers. In 2014, Zayo acquired Dallas-based data center operator CoreXchange,[8] Neo Telecoms,[23] and Geo Networks.[24] As of May 2014, Zayo had acquired 30 telecommunications businesses.

On June 16, 2014, Zayo's subsidiary Onvoy LLC acquired the assets of Vitelity, a voice over IP provider based in Denver, Colorado.[25] On September 3, 2015, Onvoy LLC acquired Broadvox Communications, a competitive local exchange carrier VoIP service provider for business telecommunications.[26]

Network and services

Zayo owns a fiber network that spans more than 84,000 route miles in the United States,[27] United Kingdom,[24] Netherlands, Germany, France,[28] Canada, and Japan.[29] The network is connected to 14,196 buildings, including 622 data centers, 7,761 enterprise buildings, and 3,699 cellular towers. Zayo operates a Tier 1 IP network, with settlement-free peering with all other Tier 1 providers. Additionally, Zayo operates 27 colocation facilities[30] with a combined footprint of 204,000 sq. ft. of saleable space. Zayo's services include dark fiber, wavelengths, SONET, Ethernet, IP services, colocation, wireless backhaul and small cells.

References

  1. 1 2 BRIAN DEAGON. "IPO Stock Watch: Zayo Group Up 16% In Tough IPO Market ZAYO XENE - Investors.com". Investor's Business Daily.
  2. 1 2 3 Moore, Paula (October 18, 2013). "Zayo Group's Success Built on Bigger Bandwidth". Denver Business Journal. Retrieved 4 June 2014.
  3. IPOdesktop (17 October 2014). "IPO Preview: Zayo Group Holdings".
  4. 1 2 3 4 5 Raice, Shayndi (Dec 29, 2010). "Fiber-Optic Networks Regain Some Glow". The Wall Street Journal. Retrieved June 3, 2014.
  5. Avery, Greg (November 8, 2013). "Zayo Group’s Many Acquisitions Puts it in $1 Billion Club". Denver Business Journal. Retrieved June 3, 2014.
  6. 1 2 Wirz, Matt (March 1, 2013). "Refis Put the Free in Free Cash Flow". The Wall Street Journal. Retrieved June 3, 2014.
  7. "Former ICG Execs in $225 Million Deal". Denver Business Journal. Aug 30, 2007. Retrieved June 3, 2014.
  8. 1 2 Lindenstein, Joshua (March 21, 2014). "Zayo Mulls Path to Continued Growth". Boulder County Business Report. Retrieved June 3, 2014.
  9. "Zayo Group Acquires Citynet Fiber Network". The Herald-Dispatch. Retrieved 10 April 2014.
  10. 1 2 Gubbins, Ed (June 2, 2008). "Zayo Closes Seventh Acquisition, Eighth to Follow". Connected Planet. Retrieved June 3, 2014.
  11. Kang, Cecilia. "Expansion-Minded RCN Sparks Bidding War for N.Y. Telecom". The Washington Post. Retrieved 4 April 2014.
  12. "AGL Networks Sold to Zayo". Atlanta Business Chronicle. Retrieved 10 April 2014.
  13. Lawley, Erin. "Dolphini Networks Split Up, Sold". Nashville Post. Retrieved 10 April 2014.
  14. Miller, Rich. "Zayo Acquires MarquisNet Las Vegas Business". Data Center Knowledge. Retrieved 4 April 2014.
  15. "360networks Being Acquired By Zayo". The Seattle Times. October 7, 2011. Retrieved June 3, 2014.
  16. De La Merced, Michael (March 19, 2012). "Zayo to Buy AboveNet for $2.2 Billion to Extend Fiber Network". The New York Times. Retrieved April 4, 2014.
  17. "Zayo Group Completes FiberGate Purchase". Channel Partners Online. Retrieved 10 April 2014.
  18. "Zayo Completes Arialink Acquisition". Channel Partners. May 2, 2012. Retrieved June 3, 2014.
  19. Pankratz, Howard (December 14, 2012). "Louisville's Zayo Group buys Baltimore Firm for $22 Million". The Denver Post. Retrieved June 3, 2014.
  20. "Zayo Enters Austin Market with Core NAP Acquisition". Datacenter Dynamics FOCUS. Retrieved 10 April 2014.
  21. Avery, Greg (Oct 7, 2013). "Zayo Group Buys Denver-Chicago Fiber-optic Route". Denver Business Journal. Retrieved June 3, 2014.
  22. Malik, Om. "It’s Fiber Monday: Zayo & Time Warner Cable Go Fiber Network Shopping". GIGAOM. Retrieved 8 April 2014.
  23. Rath, John (April 29, 2014). "Zayo Acquires Neo Telecoms". Data Center Knowledge. Retrieved June 3, 2014.
  24. 1 2 Scroxton, Alex (May 19, 2014). "Zayo Buys UK Dark Fibre Provider Geo Networks". Computer Weekly. Retrieved June 3, 2014.
  25. https://www.onvoy.com/wp-content/uploads/2014/10/Final-Law-Enfocement-Support-Info-for-Website-10.3.14.pdf
  26. http://www.vitelity.com/blog/2015/09/official-onvoy-national-powerhouse-acquisition-broadvox/
  27. "Zayo Group Overview and Coverage". broadbandnow.com. Retrieved 2015-06-01.
  28. Davidson, Michael. "Roundup: Rally’s Results, Zayo’s $150M Refi, and Startup Week’s Return". Xconomy. Retrieved 8 April 2014.
  29. Krause, Reinhardt (March 19, 2012). "Zayo Buys AboveNet; More Fiber-Optic Deals Expected". Investors Business Daily. Retrieved June 2, 2014.
  30. "Zayo Acquires Dallas Based Provider, CoreXchange". The Hosting News. March 7, 2014. Retrieved June 2, 2014.
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