Monday, June 4, 2012

Zayo to Acquire FiberGate for Washington D.C. Metro Network

Zayo agreed to acquire FiberGate, which operates a Washington, D.C. metro area network, for an undisclosed sum.

The FiberGate acquisition adds 130,000 fiber miles to Zayo’s metro network in and around the nation’s capital. The current FiberGate network also includes 315 on-net buildings and two recently completed expansions to Frederick and Baltimore, Maryland. FiberGate's only service is dark fiber.

“The Washington, D.C. / Northern Virginia area is a uniquely important geography for government, data centers and Internet connectivity,�? says Dan Caruso, Chief Executive Officer of Zayo Group. “The combination of AboveNet’s and FiberGate’s networks will create an extensive fiber footprint in this strategic bandwidth corridor.�?

Zayo noted that FiberGate’s record keeping, particularly on their fiber routes and inventory, are among the best that Zayo has seen in its 19 acquisitions.

Zayo previously announced its agreement to acquire AboveNet which is anticipated to close this summer.

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