Sunday, January 21, 2018

Zayo acquires Optic Zoo for fiber network in Vancouver

Zayo Group has acquired Vancouver-based Optic Zoo Networks for CAD $31 million.

Optic Zoo owns and operates high-capacity fiber in Vancouver, British Columbia and has achieved a significant penetration of customers, with a focus on the digital media sector. The network spans 103 route miles and 100 on-net buildings through the city.

Zayo said Optic Zoo is expected to generate CAD $1.9M in annualized EBITDA for the quarter ended March 31, 2018. Zayo expects to achieve approximately CAD $0.5M in annualized cost synergies by year-end 2018 after a relatively straightforward integration process.

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