Tuesday, September 4, 2012

Zayo Completes Acquisition of FiberGate

Zayo completed its previously announced acquisition of FiberGate, which delivers dark fiber connectivity in the Washington, D.C. metro area. The acquisition adds 399 new route miles and 130,000 fiber miles in Washington, D.C., Northern Virginia, Baltimore, and suburban Maryland to Zayo’s network.

Zayo plans to continue to offer Dark Fiber and expand the service portfolio to include lit bandwidth infrastructure services like Wavelengths, Ethernet, IP and SONET.

The $117M transaction closed August 31 and was funded from available cash.