Zayo Group

Zayo Group Holdings, Inc., or Zayo Group, is a privately held company headquartered in Denver, CO, U.S. with European headquarters in London, England. The company provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure. Zayo's primary customer segments include wireless carriers, national carriers, ISPs, enterprises and government agencies. Zayo Group was built largely through acquisitions; it took over thirty companies from 2007 to 2014, including AboveNet and 360networks.[3] The company completed an initial public offering of stock raising $600 million in 2014.[4] In 2020, Zayo Group was taken private by global investment firms EQT AB and Digital Colony Partners in a deal valued at $14.3 billion.

Founding and acquisition history

Zayo was founded in 2007 by Dan Caruso, John Scarano and Matt Erickson[5] as a Delaware corporation.[6][7] In 2007, Zayo acquired Memphis Networx,[6] VoicePipe,[8] Onvoy Inc,[8] PPL Telcom[9] and Indiana Fiber Works.[6]

In 2008, Zayo acquired Columbia Fiber Solution,[6] Adesta Communications assets,[10] two sets of fiber assets from Citynet,[11] two sets of fiber assets from Northwest Telephone,[12] and CenturyTel Regional Markets.[12]

In 2009, Zayo acquired FiberNet Telcom Group, Inc.[13]

In 2010, Zayo acquired AGL Networks,[14] American Fiber Systems,[6] and Dolphini's Cummins Station data center and colocation services.[15]

In 2011, Zayo acquired MarquisNet data center business in Las Vegas,[16] and 360networks.[17]

In 2012 Zayo acquired AboveNet,[18] FiberGate,[19] Arialink,[20] US Carrier Telecom,[21] First Telecom Services,[21] and Maryland-based Litecast/Balticore.[22]

In 2013, Zayo acquired Austin-based data center operator Core NAP,[23] Access Communications,[24] Midwest-based dark fiber operator FiberLink,[25] and Corelink Data Centers.

In 2014, Zayo acquired Dallas-based data center operator CoreXchange,[10] French network operator Neo Telecoms SAS[26] and UK-based Geo Networks.[27]

In 2015, the company acquired Latisys, IdeaTek Systems and Viatel. In 2016, Zayo acquired a new Dallas, TX data center from Stream Data Centers,[28] Clearview International and Allstream, Canada's main facilities-based inter-exchange carrier which has its roots in the railway telegraph business CNCP Telecommunications.[29] As of July 2016, Zayo has completed 39 acquisitions.

On November 30, 2016, Zayo Group Holdings Inc said it would buy smaller rival Electric Lightwave for $1.42 billion in cash to expand its fiber network on the U.S. West Coast.[30]

In November 2017, Zayo purchased Spread Networks, a company that operated an 825-mile-long fiber route connecting New York and Chicago.[31]

In January 2018, Zayo announced they would be acquiring Optic Zoo Networks, a Vancouver, BC based fiber operation.[32]

In May 2019, Zayo announced an agreement to be acquired by EQT AB and Digital Colony.[33][34] The deal to take Zayo private was completed in March 2020.[35]

In January 2022, Zayo announced they would be acquiring QOS Networks from majority owner M/C Partners.[36]

In November 2023, Zayo announced the acquisition of a Stuttgart-based fiber infrastructure and network services company, Globalways GmbH.[37]

In February 2024, Zayo announced the appointment of telecommunications executive Nikos Katinakis as its new Chief Technology Officer.[1]

In March 2024, Zayo announced its partnership with Secure Access Service Edge (SASE) developer Netskope for its Managed Edge services.[38]

On March 13, 2025, Zayo announced the intended acquisition of Crown Castle's fiber solutions business for $4.25 billion.[39]

Onvoy spinoff

On June 13, 2014, Onvoy spun off from Zayo Group Holdings.[40] On June 16, 2014, Onvoy LLC acquired the assets of Vitelity, a voice over IP provider based in Denver, Colorado.[41] On September 3, 2015, Onvoy LLC acquired Broadvox Communications, a competitive local exchange carrier VoIP service provider for business telecommunications.[42]

Network and services

Zayo owns a fiber network that spans more than 130,000 route miles in North America and Europe. Zayo operates a Tier 1 IP network, with settlement-free peering with all other Tier 1 providers. Zayo's services include dark fiber, wavelengths, SONET, Ethernet, SD-WAN, IP services, colocation, wireless backhaul and small cells.

References

  1. Zayo Group appoints Katinakis as CTO Advanced Television, 2024-02-27^
  2. US SEC: Form 10-K Zayo Group Holdings, Inc. United States Securities and Exchange Commission, 2019-09-04^
  3. BRIAN DEAGON. IPO Stock Watch: Zayo Group Up 16% In Tough IPO Market ZAYO XENE - Investors.com Investor's Business Daily^
  4. IPOdesktop. IPO Preview: Zayo Group Holdings 17 October 2014^
  5. Matt Erickson, co-founder of Boulder's Zayo Group, leaving fast-growing telecom May 31, 2016^
  6. Shayndi Raice. Fiber-Optic Networks Regain Some Glow The Wall Street Journal, December 29, 2010, retrieved June 3, 2014^
  7. Greg Avery. Zayo Group's Many Acquisitions Puts it in $1 Billion Club Denver Business Journal, November 8, 2013, retrieved June 3, 2014^
  8. Matt Wirz. Refis Put the Free in Free Cash Flow The Wall Street Journal, March 1, 2013, retrieved June 3, 2014^
  9. Former ICG Execs in $225 Million Deal Denver Business Journal, August 30, 2007, retrieved June 3, 2014^
  10. Joshua Lindenstein. Zayo Mulls Path to Continued Growth Boulder County Business Report, March 21, 2014, retrieved June 3, 2014^
  11. Zayo Group Acquires Citynet Fiber Network The Herald-Dispatch, February 18, 2008, retrieved April 10, 2014^
  12. Ed Gubbins. Zayo Closes Seventh Acquisition, Eighth to Follow Connected Planet, June 2, 2008, retrieved June 3, 2014^
  13. Cecilia Kang. Expansion-Minded RCN Sparks Bidding War for N.Y. Telecom The Washington Post, June 29, 2009, retrieved April 4, 2014^
  14. AGL Networks Sold to Zayo Atlanta Business Chronicle, June 28, 2010, retrieved April 10, 2014^
  15. Erin Lawley. Dolphini Networks Split Up, Sold Nashville Post, September 29, 2010, retrieved April 10, 2014^
  16. Rich Miller. Zayo Acquires MarquisNet Las Vegas Business Data Center Knowledge, January 3, 2012, retrieved April 4, 2014^
  17. 360networks Being Acquired By Zayo The Seattle Times, October 7, 2011, retrieved June 3, 2014^
  18. Michael De La Merced. Zayo to Buy AboveNet for $2.2 Billion to Extend Fiber Network The New York Times, March 19, 2012, retrieved April 4, 2014^
  19. Zayo Group Completes FiberGate Purchase Channel Partners Online, retrieved 10 April 2014^
  20. Zayo Completes Arialink Acquisition Channel Partners, May 2, 2012, retrieved June 3, 2014^
  21. Paula Moore. Zayo Group's Success Built on Bigger Bandwidth Denver Business Journal, October 18, 2013, retrieved 4 June 2014^
  22. Howard Pankratz. Louisville's Zayo Group buys Baltimore Firm for $22 Million The Denver Post, December 14, 2012, retrieved June 3, 2014^
  23. Zayo Enters Austin Market with Core NAP Acquisition Datacenter Dynamics FOCUS, retrieved 10 April 2014^
  24. Greg Avery. Zayo Group Buys Denver-Chicago Fiber-optic Route Denver Business Journal, Oct 7, 2013, retrieved June 3, 2014^
  25. Om Malik. It's Fiber Monday: Zayo & Time Warner Cable Go Fiber Network Shopping GIGAOM, 2013-10-07, retrieved 8 April 2014^
  26. John Rath. Zayo Acquires Neo Telecoms Data Center Knowledge, April 29, 2014, retrieved June 3, 2014^
  27. Alex Scroxton. Zayo Buys UK Dark Fibre Provider Geo Networks Computer Weekly, May 19, 2014, retrieved June 3, 2014^
  28. Stream Sells Dallas Data Center to Zayo Data Center Knowledge, 2016-01-07, retrieved 2016-12-24^
  29. Manitoba Telecom Services sells Allstream business for $465M retrieved September 29, 2016^
  30. Zayo acquires Electric Lightwave for $1.42B, deepens western market fiber holdings fiercetelecom.com, 2016-11-30, retrieved 2017-04-12^
  31. Zayo buying New York-Chicago fiber line for $127 million www.bizjournals.com, retrieved 2018-01-22^
  32. Zayo makes $25 million purchase in western Canada www.bizjournals.com, retrieved 2018-01-22^
  33. Gina Narcisi. Fiber Provider Zayo Will Go Private In $14.3 Billion Deal CRN, 8 May 2019^
  34. Ciara Linnane. UPDATE: Zayo stock zooms 9% premarket on news to be taken private for $35 a share in cash MarketWatch, May 8, 2019, retrieved 2019-05-08^
  35. Joe Rubino. Boulder born and (still) based Zayo Group is a private company once more after $14.3B sale The Denver Post, 2020-03-10^
  36. Zayo Group to Acquire QOS Networks From M/C Partners businesswire.com, 2022-01-12^
  37. Zayo to Acquire Leading Stuttgart B2B Connectivity Provider Globalways www.thefastmode.com, retrieved 2023-11-27^
  38. Ray Sharma. Zayo Partners with Netskope to Expand Managed Edge Offerings www.thefastmode.com, retrieved 2024-03-20^
  39. Crown Castle to sell fiber assets to EQT Active Core and Zayo in $8.5 billion deal Reuters, 2025-03-13, retrieved 2025-03-19^
  40. [25]^
  41. Law Enforcement Support retrieved 2023-08-25^
  42. It's Official: Onvoy Becomes National Powerhouse With Acquisition of Broadvox September 3, 2015, retrieved September 29, 2016^