Monday, August 19, 2013

Zayo Acquires Fiber Network in Minneapolis for $40 Million

Zayo agreed to acquire Access Communications, a metro network operator in Minneapolis-St. Paul, Minn., for $40 million.

Access owns and operates a 1,200 mile metropolitan fiber network that covers the greater Minneapolis-St. Paul metropolitan area, connecting more than 500 on-net buildings, including the area’s major data centers and carrier hotel facilities. Access is primarily focused on providing dark fiber services to a concentrated set of Minneapolis area carrier, enterprise and governmental customers, particularly within the education segment.

"Given the complementary breadth and depth of its fiber network, the Access transaction is a natural step for Zayo,” said Dan Caruso, President and CEO of Zayo Group. “The acquisition is the latest in a series of major investments supporting the growth of our Bandwidth Infrastructure business in Minnesota.”


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