Showing posts with label Zayo. Show all posts
Showing posts with label Zayo. Show all posts

Monday, October 28, 2019

Zayo signs its largest capacity wavelengths deal

Zayo signed a deal for the largest amount of capacity sold on any route in a single deal in the company’s history. The customer's name was not disclosed.

The deal covers approximately 5 Tbps of capacity to connect key data centers.

“Our customers are no longer talking gigabits -- they’re talking terabits on multiple diverse routes,” said Julia Robin, senior vice president of Transport at Zayo. “Zayo’s owned infrastructure, scalable capacity on unique routes and ability to turn up services quickly positions us to be the provider of choice for high-capacity infrastructure.”

Zayo noted that its extensive wavelength network provides dedicated bandwidth to major data centers, carrier hotels, cable landing stations and enterprise locations across its own long-haul and metro networks. Zayo continues to invest in the network, adding new routes and optronics to eliminate local stops, reduce the distance between essential markets and minimize regeneration points. Options include express, ultra-low and low-latency routes and private dedicated networks.

Thursday, August 22, 2019

Zayo to provide London-Amsterdam link for global media company

Zayo was selected by a global media company to deliver connectivity between two key production hubs in Amsterdam and London.

As part of the deal, Zayo will extend its network reach to Hilversum Media Park, which is located just outside Amsterdam and is home to a number of national, European and global media companies. In addition, Zayo will also extend and upgrade its network reach in Rotterdam, the second-largest city in the Netherlands and a key hub for the logistics and petrochemical industry.

“Our extensive experience working with broadcasters and content distributors means we understand just how crucial reliable, diverse and low-latency connectivity is to their overall business,” said Ian Cunningham, Zayo’s managing director for Europe. “We’re excited that this customer has chosen to trust Zayo with this vital element of their business.”

Wednesday, August 21, 2019

Zayo posts revenue of $651M, 2-3% growth rate

Zayo reported $650.6 million of consolidated revenue, including $485.4 million from the Zayo Networks segment, $66.1 million from the zColo segment and $88.0 million from the Allstream segment. This represents an annualized revenue growth rate of 2%.

Net income of $63.0 million resulting in basic and diluted net income per share during the quarter of $0.27 and $0.26, respectively. Net income was $28.3 million over the previous quarter.

During the three months ended June 30, 2019, capital expenditures were $195.8 million. As of June 30, 2019, the Company had $186.1 and $296.5 million available under its revolving credit facility.

Consolidated net installs, on a monthly recurring revenue (MRR) and monthly amortized revenue (MAR) basis, were $1.1 million, excluding the Allstream segment. This includes $1.6 million of net installs from the Zayo Networks segment, and $(0.4) million of net installs from the zColo segment.



https://investors.zayo.com/home/default.aspx

Zayo shareholders approve acquisition by Digital Colony Partners

Shareholders of Zayo Group Holdings approved all proposals related to the definitive merger agreement to be acquired by affiliates of Digital Colony Partners and the EQT Infrastructure IV fund.

“Today’s favorable shareholder vote supports our view that this transaction is a very good outcome for shareholders and will enable Zayo to accelerate its growth and strengthen its industry leadership,” said Dan Caruso, chairman and CEO at Zayo. “The entire Zayo team is excited to work with EQT and Digital Colony to leverage our fiber assets to continue to fuel global innovation.”

The closing of the deal is expected to close in the first half of calendar 2020.

Private investors to acquire Zayo for $14.3 billion in cash

Affiliates of Digital Colony Partners and the EQT Infrastructure IV fund will acquire Zayo Group Holdings for $35.00 in cash per share of Zayo's common stock in a transaction valued at $14.3 billion, including the assumption of $5.9 billion of Zayo’s net debt obligations. The offer price represents a 32% premium to the volume-weighted price average of the last six months of $26.44.

The Zayo Board of Directors said the sale of the company to Digital Colony and EQT Infrastructure is in the best interest of Zayo and all its stakeholders, as it delivers immediate and substantial value to shareholders, will strengthen Zayo’s financial flexibility, enabling the company to increase investments and better position itself for long-term growth and profitability.

The companies hope to conclude the deal by the first half of 2020.

Marc Ganzi, Managing Partner of Digital Colony, said, “Zayo has a world-class digital infrastructure portfolio, including a highly-dense fiber network in some of the world’s most important metro markets. We believe the company has a unique opportunity to meet the growing demand for data associated with the connectivity and backhaul requirements of a range of customers. We are excited to work alongside the management team and EQT to grow the business and expand its presence in the global market."

Dan Caruso, Zayo’s Chairman and CEO, said, “Digital Colony and EQT share our vision that Zayo’s Fiber Fuels Global Innovation. Both are experienced global investors in the communications infrastructure space, and they appreciate our extraordinary fiber infrastructure assets, our highly talented team and our strong customer base. I am confident this partnership with EQT and Digital Colony will empower Zayo to accelerate its growth and strengthen its industry leadership.”

Separately, Zayo reported consolidated revenue of $647.2 million for the three months ended March 31, 2019, including $555.2 million from the Communications Infrastructure segments and $92.0 million from the Allstream segment. Net income was $34.7 million, including $39.2 million from the Communications Infrastructure segments and a net loss of $4.5 million from the Allstream segment.

Wednesday, August 7, 2019

Zayo plans new Salt Lake City to Denver route

Zayo is building a new long haul fiber network between Salt Lake City to Denver. Construction started last quarter and is anticipated to be completed in 2021.

The build will span more than 500 route miles along Interstate 70, a key transportation and commerce corridor. The route, which will be primarily underground, offers unique connectivity and diversity between Salt Lake City and Denver. Zayo’s existing route connects the two cities through Wyoming and into Utah.

The route will tie together two high-growth western markets and states. Colorado is among the nation’s fastest growing states with a diverse base of business and industry. Its economic growth has been driven by technology, aerospace, healthcare and

“This flagship route will provide diversity that no other provider can offer,” said Dennis Kyle, senior vice president of Mountain Region at Zayo. “With many Silicon Valley companies relocating their offices to Salt Lake City and Denver, Zayo is well positioned to provide them with high-capacity fiber infrastructure to fuel their growth and innovation.”

Friday, July 26, 2019

Zayo shareholders approve acquisition by Digital Colony Partners

Shareholders of Zayo Group Holdings approved all proposals related to the definitive merger agreement to be acquired by affiliates of Digital Colony Partners and the EQT Infrastructure IV fund.

“Today’s favorable shareholder vote supports our view that this transaction is a very good outcome for shareholders and will enable Zayo to accelerate its growth and strengthen its industry leadership,” said Dan Caruso, chairman and CEO at Zayo. “The entire Zayo team is excited to work with EQT and Digital Colony to leverage our fiber assets to continue to fuel global innovation.”

The closing of the deal is expected to close in the first half of calendar 2020.

Private investors to acquire Zayo for $14.3 billion in cash

Affiliates of Digital Colony Partners and the EQT Infrastructure IV fund will acquire Zayo Group Holdings for $35.00 in cash per share of Zayo's common stock in a transaction valued at $14.3 billion, including the assumption of $5.9 billion of Zayo’s net debt obligations. The offer price represents a 32% premium to the volume-weighted price average of the last six months of $26.44.

The Zayo Board of Directors said the sale of the company to Digital Colony and EQT Infrastructure is in the best interest of Zayo and all its stakeholders, as it delivers immediate and substantial value to shareholders, will strengthen Zayo’s financial flexibility, enabling the company to increase investments and better position itself for long-term growth and profitability.

The companies hope to conclude the deal by the first half of 2020.

Marc Ganzi, Managing Partner of Digital Colony, said, “Zayo has a world-class digital infrastructure portfolio, including a highly-dense fiber network in some of the world’s most important metro markets. We believe the company has a unique opportunity to meet the growing demand for data associated with the connectivity and backhaul requirements of a range of customers. We are excited to work alongside the management team and EQT to grow the business and expand its presence in the global market."

Dan Caruso, Zayo’s Chairman and CEO, said, “Digital Colony and EQT share our vision that Zayo’s Fiber Fuels Global Innovation. Both are experienced global investors in the communications infrastructure space, and they appreciate our extraordinary fiber infrastructure assets, our highly talented team and our strong customer base. I am confident this partnership with EQT and Digital Colony will empower Zayo to accelerate its growth and strengthen its industry leadership.”

Separately, Zayo reported consolidated revenue of $647.2 million for the three months ended March 31, 2019, including $555.2 million from the Communications Infrastructure segments and $92.0 million from the Allstream segment. Net income was $34.7 million, including $39.2 million from the Communications Infrastructure segments and a net loss of $4.5 million from the Allstream segment.

https://investors.zayo.com/home/default.aspx

Friday, June 28, 2019

Zayo to build private wavelength European network for global bank

Zayo has been selected to provide a private wavelength network (W-PDN) for a leading global investment bank.  The project will increase the capacity and expand the footprint of the bank's European core network. Zayo will provide diverse connectivity between several of the company’s offices and data centers.

Zayo said its managed solution will enable the customer to seamlessly scale their network between locations as needed. Zayo will also provide remote management and 24/7 support to ensure dedicated network monitoring and support.

“Global banking and finance depend on high-availability, low-latency connectivity,” said Ian Cunningham, senior vice president of Sales at Zayo. “We’re excited that the customer has entrusted us with this vital element of their business and we look forward to supporting their bandwidth needs.”

Friday, June 21, 2019

Zayo to provide managed video network over 100G for news broadcaster

A major news broadcaster has selected Zayp to provide a managed video network. The diverse fiber network will enable the customer to disseminate video and data to its bureaus in the U.S. and Europe. Financial terms were not disclosed.

Zayo’s 100G-enabled Media Network solutions are delivered on the company’s owned fiber network that spans more than 12.5 million fiber miles across North America and Europe.

“Our differentiator for this customer is our wholly-owned dense fiber network in conjunction with unparalleled media support,” said Brian Daniels, SVP of Strategic Networks at Zayo. “Our media platform supports high-resolution live broadcasts delivered to millions of consumers on a daily basis.”

Friday, June 14, 2019

Zayo to provide metro dark fiber in Chicago for big customer

Zayo has been selected by a global technology company for metro dark fiber in Chicago. The solution will provide additional high-performance capacity between the company’s data centers.

Zayo said its solution leverages its dense Chicago fiber network that spans more than 1,600 route miles and connects more than 35 data centers. Dark fiber offers substantial levels of bandwidth, a higher level of control and long-term lease terms.

Zayo operates four zColo data centers in the Chicago metro area, with a total footprint of more than 258,000 critical square feet.

Zayo also provides diverse connectivity into 350 Cermak, one of the world’s largest data centers. 350 Cermak is a key carrier hotel in the region and a backbone of the internet. Chicago is one of the top data center markets in the U.S. due to affordability of power, available fiber connectivity and low exposure to natural disasters.

In addition to Zayo’s Chicago metro fiber footprint, Zayo has several major long haul routes that connect into the city, including New York/New Jersey to Chicago via the low-latency Spread Networks by Zayo route, Columbus to Chicago, Minneapolis to Chicago, Omaha to Chicago, Indianapolis to Chicago, St. Louis to Chicago and Toronto to Chicago.

“Zayo’s high fiber count footprint in Chicago enables us to be one of the few providers that can offer customers diverse dark fiber along with access to long haul routes,” said Steve Orlando, senior vice president of Central Region at Zayo. “In this case, our customer continues to require additional bandwidth to accommodate growth, and we look forward to increasing their dark fiber capacity.”

http://www.zayo.com

Sunday, June 9, 2019

Zayo invests in fiber infrastructure in Ohio

Zayo announced significant investments in its metro network infrastructure in Ohio, by an anchor customer deal. The network expansion will add nearly 300 new route miles in the Youngstown and Akron area.

Zayo’s existing network provides long haul connectivity throughout the state, including the Cleveland/Akron/Pittsburgh corridor. This build will also enable additional diverse options through Youngstown.

“This investment elevates our strong position in Ohio, enabling stronger reliability, performance and critical diversity for our customers,” said Steve Orlando, senior vice president of Central Region at Zayo. “The expanded metro fiber routes will strengthen and expand our footprint to approximately 3,500 route miles, including connections to multiple on-net buildings and data centers in Cleveland, Cincinnati, Columbus and Toledo.”

http://www.zayo.com

Wednesday, May 8, 2019

Private investors to acquire Zayo for $14.3 billion in cash

Affiliates of Digital Colony Partners and the EQT Infrastructure IV fund will acquire Zayo Group Holdings for $35.00 in cash per share of Zayo's common stock in a transaction valued at $14.3 billion, including the assumption of $5.9 billion of Zayo’s net debt obligations. The offer price represents a 32% premium to the volume-weighted price average of the last six months of $26.44.

The Zayo Board of Directors said the sale of the company to Digital Colony and EQT Infrastructure is in the best interest of Zayo and all its stakeholders, as it delivers immediate and substantial value to shareholders, will strengthen Zayo’s financial flexibility, enabling the company to increase investments and better position itself for long-term growth and profitability.

The companies hope to conclude the deal by the first half of 2020.

Marc Ganzi, Managing Partner of Digital Colony, said, “Zayo has a world-class digital infrastructure portfolio, including a highly-dense fiber network in some of the world’s most important metro markets. We believe the company has a unique opportunity to meet the growing demand for data associated with the connectivity and backhaul requirements of a range of customers. We are excited to work alongside the management team and EQT to grow the business and expand its presence in the global market."

Dan Caruso, Zayo’s Chairman and CEO, said, “Digital Colony and EQT share our vision that Zayo’s Fiber Fuels Global Innovation. Both are experienced global investors in the communications infrastructure space, and they appreciate our extraordinary fiber infrastructure assets, our highly talented team and our strong customer base. I am confident this partnership with EQT and Digital Colony will empower Zayo to accelerate its growth and strengthen its industry leadership.”

Separately, Zayo reported consolidated revenue of $647.2 million for the three months ended March 31, 2019, including $555.2 million from the Communications Infrastructure segments and $92.0 million from the Allstream segment. Net income was $34.7 million, including $39.2 million from the Communications Infrastructure segments and a net loss of $4.5 million from the Allstream segment.

https://investors.zayo.com/home/default.aspx

Sunday, May 5, 2019

Zayo delivers metro fiber in Dublin for webscale company

A global webscale company has selected Zayo to connect its European headquarters to data centers in Dublin, Ireland.

Zayo said it will connect the customer's existing facilities on Zayo’s T50 Metro network while securing capacity for future operations currently being planned and built. It includes an additional 2.5km fiber build to extend Zayo’s footprint into Profile Park, a leading business location in Dublin. Zayo is also finalizing new routes in Dublin that were announced last fall to meet the needs of companies that have a presence in Dublin or are considering investment and relocation in Ireland.

“Dublin is experiencing rapid growth and has already become a key hub for global companies with operations in Europe,” said Jack Waters, president of Zayo Networks and COO. “This is an excellent illustration of leveraging our embedded network to provide the customer with a solution to meet their unique capacity needs.”

Zayo provides its full suite of products in Dublin, including dark fiber, wavelengths, Ethernet and IP. Zayo’s diverse high-capacity network offers the most direct routes from Dublin to London, Amsterdam and Paris.

http://zayo.com

Monday, April 1, 2019

Zayo signs IaaS provider for East Coast data center

Zayo announced a major colocation contract with a global infrastructure as a service (IaaS) (IaaS) provider for space and power in a zColo East Coast data center.

The solution, which includes approximately 2,000 square feet of space and multiple hundreds of kilowatts of power, will serve as a virtual extension of one of the company’s facilities in the Southwest. The space and power will support the customer’s mission-critical processes.

“Zayo won this business because of our ability to deliver flexible and customized data center colocation solutions. In this case, our Ashburn facility will provide the customer with the scale needed for its East Coast business expansion,” said Bruce Garrison, senior vice president of Zayo’s zColo business segment. “We look forward to continuing to expand the relationship and to provide additional space and power in other key cities.”

Zayo’s zColo portfolio includes 51 data centers in more than 30 markets.

Saturday, March 23, 2019

Zayo to deliver long-haul wavelengths for Cloud Provider

Zayo has been selected leading cloud infrastructure provider to provide long-haul wavelengths connecting a new data center located on the West Coast.

Zayo's solution includes multiple 100G wavelengths, with fully diverse connectivity, meeting the provider’s requirements for highly reliable capacity to support current and future growth.

“Our fiber networks connect directly to the majority of third-party and enterprise-owned data centers, positioning us as the partner of choice for cloud infrastructure providers,” said Jack Waters, president of Zayo Networks and COO. “We look forward to building this important relationship and supporting this customer’s growth and success.”

http://www.zayo.com

Monday, March 11, 2019

International bank picks Zayo for wavelength service

Zayo announced that a major international bank has selected it to provide wavelength connectivity for a network expansion project in the U.S. and need for future capacity requirements.

The dedicated wavelength solution will connect approximately 10 locations for the customer primarily on the East Coast.

“The sale is an excellent illustration of our vertical segment approach deepening a relationship with an existing customer,” said Jack Waters, president of Zayo Networks and COO. “They worked closely with the customer to develop this unique solution, which will enable the bank to continue to scale their network across a strategic geography.”

Wednesday, March 6, 2019

Zayo evaluates strategic alternatives

Zayo is postponing its Analyst Day scheduled for March 14, 2019, in Boulder, Colorado.

The company said its Board of Directors is "currently evaluating strategic alternatives that may enhance shareholder value."

“Zayo’s purpose is to provide mission-critical bandwidth to the world’s most impactful companies. We accomplish this by executing a focused strategy centered on communications infrastructure. With our deep and expansive fiber networks in North America and Europe, we play a unique and compelling role at the core of our customers’ networks,” said Dan Caruso, Zayo Chairman and CEO. “Whether public or private, this will remain Zayo’s focus and we will continue to expand the depth and breadth of our fiber infrastructure.”

Monday, February 25, 2019

Zayo announces big wavelength contract with webscale client

Zayo confirmed that it has been selected by a webscale customer for multiple 100G wavelengths along Zayo’s Dallas to Los Angeles 2,000-mile fiber route that was completed in August 2018.

The company described the deal as one of its largest recent waves deals in terms of capacity.

Zayo also noted that the deal is another follow-on sale on this high fiber-count route, which enables unique options between Los Angeles, San Diego, Phoenix, Tucson, El Paso, Ft. Worth and Dallas.

“This is one of our largest recent waves deals in terms of capacity,” said Jack Waters, president of Zayo Networks and COO. “The unique route and our ability to mobilize to install the solution to meet the customer’s stringent deadlines were key factors in winning this business.”

Tuesday, February 12, 2019

Jack Water appointed President of Zayo Networks

Jack Waters has been appointed President, Zayo Networks and Chief Operating Officer of Zayo Group Holdings, Inc. In this expanded role, Waters will lead the company’s global Networks business, including the fiber solutions, transport, enterprise and strategic networks businesses in addition to network operations and security.

Waters has served as Zayo’s Chief Technology Officer and President, Fiber Solutions since August 2016. During his tenure, Jack has led organic and inorganic expansion of the company’s fiber network, integrating six acquisitions, including Electric Lightwave, Optic Zoo, and Spread Networks.

Prior to joining Zayo, Waters served in numerous leadership roles at Level 3 Communications, including chief technology officer. He was with Level 3 from its inception, and oversaw most of the engineering, network, and operations functions during Level 3’s initial 18 years. Waters was an original member of the team responsible for InternetMCI and began his career at SURAnet, the Southeastern University Research and Academic Network. Waters is a frequent speaker at industry and policy events and serves on the board of directors of the Colorado Technology Association.

"Jack’s leadership will continue to be instrumental as we fully leverage our global fiber footprint to provide solutions to the world’s most innovative and impactful companies,” said Dan Caruso, Zayo Chairman and CEO. “He has put a foundation in place, including the regional and strategic fiber network teams, which will be key to driving momentum and further unleashing the value of our network.”

Sunday, January 13, 2019

Zayo signs high count dark fiber contract

Zayo announced a major contract with a global technology company for a dark fiber connecting key markets nationwide. The contract covers thousands of miles of Zayo’s extensive dark fiber networks across multiple regions in the U.S., including the recently announced Columbus, Ohio to Ashburn, Virginia and Dallas, Texas to Atlanta, Georgia routes.

Zayo said the high-count fiber solution represents one of the larger long haul dark fiber contracts of 2018.

“Zayo’s extensive owned dark fiber was a significant competitive advantage in winning this business,” said Phil Mottram, chief customer officer at Zayo. “The company needed the ability to manage their own network that could scale to accommodate continued growth -- and dark fiber is the ideal solution. It’s an excellent illustration of leveraging our embedded Zayo network for the benefit of this important customer.”

Monday, December 31, 2018

Zayo signs global SaaS provider

Zayo signed a global Software as a Service (SaaS) for data center colocation at one of its Midwestern data centers. The deal doubles the customer’s data center footprint with Zayo.

“This expansion is a testament to the customer’s impressive growth and success,” said Bruce Garrison, senior vice president of Zayo’s zColo business segment. “Our ability to scale to meet their continued demand, coupled with our high-quality data center footprint, is well aligned with the needs of this important customer.”

Monday, December 17, 2018

Zayo plans data center in Piscataway, New Jersey

Zayo will open a data center in Piscataway, New Jersey and has signed an anchor agreement with a leading financial services tenant. The contract includes space and power in the data center and two dark fiber rings.

Zayo said its new carrier-neutral facility will add more than 47,000 total square feet and up to five megawatts (MW) of critical power. Zayo will renovate the remaining space and upgrade critical power to sell to additional customers. The facility tethers to Zayo’s data center at 165 Halsey St. in Newark and includes connectivity to local carrier hotels and more than 1,000 data centers globally.

“The tri-state area is one of the most important data center markets in the world, with a diverse base of businesses, including financial and professional service companies, contributing to strong demand,” said Bruce Garrison, senior vice president of Zayo’s zColo business segment. “This facility provides an excellent option for colocation space in the Northeast with connectivity across North America and around the world.”

http://www.zayo.com/services/data-center-colocation

See also