Tuesday, December 1, 2009

Zayo Bandwidth Commits $65M to 2010 Network Expansion

Zayo Bandwidth has committed $65 million in its capital expenditure program for FY 2010. This compares with the $45 million that the company will have spent this year on network expansion. In 2009, Zayo added over 400 buildings across its dense fiber footprint. 75% of that capital expense was deployed in direct support of customer bandwidth requirements.

Allocated funds for 2010 will be used for the expansion of Zayo's fiber networks and service capabilities in support of customer driven solutions.

"While many bandwidth and infrastructure providers are cutting spending, we feel fortunate to have investor commitment to continue our rapid organic growth while at the same time supporting our customers' growing bandwidth requirements," stated Christopher Morley, CFO for Zayo Bandwidth.