Zayo Group Explained

Zayo Group Holdings, Inc.
Type:Private
Industry:Communications infrastructure
Traded As: (2014–2020)
Location City:Boulder, Colorado
Location Country:U.S.
Key People:Kevin Turner (Chairman)
Steve Smith (CEO)
Jeff Noto (CFO)
Andres Irlando (President)[1]
Nikos Katinakis (CTO)[2]
Services:Fiber and bandwidth connectivity, colocation and cloud infrastructure
Revenue: US$2.58 billion (2019)[3]
Operating Income: US$520 million (2019)
Net Income: US$150 million (2019)
Assets: US$9.33 billion (2019)
Equity: US$1.33 billion (2019)
Num Employees:3,781 (2019)
Module:
Child:yes
Asn:6461

Zayo Group Holdings, Inc., or Zayo Group, is a privately held company headquartered in Boulder, Colorado, 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.[4] The company completed an initial public offering of stock raising $600 million in 2014.[5] 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 and John Scarano 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.

In 2008, Zayo acquired Columbia Fiber Solution, 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, 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, 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] 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.[2]

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

Onvoy spinoff

On June 13, 2014, Onvoy spun off from Zayo Group Holdings.[39] On June 16, 2014, Onvoy LLC acquired the assets of Vitelity, a voice over IP provider based in Denver, Colorado.[40] On September 3, 2015, Onvoy LLC acquired Broadvox Communications, a competitive local exchange carrier VoIP service provider for business telecommunications.[41]

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.

Notes and References

  1. Web site: Zayo aims to maintain momentum after double-digit growth in '22. Fierce. 2023-03-21.
  2. Web site: Zayo Group appoints Katinakis as CTO. Advanced Television. 2024-02-27.
  3. Web site: US SEC: Form 10-K Zayo Group Holdings, Inc.. United States Securities and Exchange Commission. 2019-09-04.
  4. Web site: IPO Stock Watch: Zayo Group Up 16% In Tough IPO Market ZAYO XENE - Investors.com. BRIAN DEAGON. Investor's Business Daily.
  5. Web site: IPO Preview: Zayo Group Holdings. IPOdesktop. 17 October 2014.
  6. News: Raice. Shayndi. Fiber-Optic Networks Regain Some Glow. June 3, 2014. The Wall Street Journal. December 29, 2010.
  7. News: Avery. Greg. Zayo Group's Many Acquisitions Puts it in $1 Billion Club. June 3, 2014. Denver Business Journal. November 8, 2013.
  8. News: Wirz. Matt. Refis Put the Free in Free Cash Flow. June 3, 2014. The Wall Street Journal. March 1, 2013.
  9. News: Former ICG Execs in $225 Million Deal. June 3, 2014. Denver Business Journal. August 30, 2007.
  10. News: Lindenstein. Joshua. Zayo Mulls Path to Continued Growth. June 3, 2014. Boulder County Business Report. March 21, 2014.
  11. Web site: Zayo Group Acquires Citynet Fiber Network. February 18, 2008 . The Herald-Dispatch. April 10, 2014.
  12. News: Gubbins. Ed. Zayo Closes Seventh Acquisition, Eighth to Follow. June 3, 2014. Connected Planet. June 2, 2008.
  13. News: Kang. Cecilia. June 29, 2009. Expansion-Minded RCN Sparks Bidding War for N.Y. Telecom. The Washington Post. April 4, 2014.
  14. Web site: June 28, 2010. AGL Networks Sold to Zayo. Atlanta Business Chronicle. April 10, 2014.
  15. Web site: Lawley. Erin. September 29, 2010. Dolphini Networks Split Up, Sold. Nashville Post. April 10, 2014.
  16. Web site: Miller. Rich. January 3, 2012. Zayo Acquires MarquisNet Las Vegas Business. Data Center Knowledge. April 4, 2014.
  17. News: 360networks Being Acquired By Zayo. June 3, 2014. The Seattle Times. October 7, 2011.
  18. News: De La Merced. Michael. Zayo to Buy AboveNet for $2.2 Billion to Extend Fiber Network. April 4, 2014. The New York Times. March 19, 2012.
  19. Web site: Zayo Group Completes FiberGate Purchase. Channel Partners Online. 10 April 2014.
  20. News: Zayo Completes Arialink Acquisition. June 3, 2014. Channel Partners. May 2, 2012.
  21. News: Zayo Group's Success Built on Bigger Bandwidth. October 18, 2013. Denver Business Journal. Moore. Paula. 4 June 2014.
  22. News: Pankratz. Howard. Louisville's Zayo Group buys Baltimore Firm for $22 Million. June 3, 2014. The Denver Post. December 14, 2012.
  23. Web site: Zayo Enters Austin Market with Core NAP Acquisition. Datacenter Dynamics FOCUS. 10 April 2014.
  24. News: Avery. Greg. Zayo Group Buys Denver-Chicago Fiber-optic Route. June 3, 2014. Denver Business Journal. Oct 7, 2013.
  25. Web site: Malik. Om. It's Fiber Monday: Zayo & Time Warner Cable Go Fiber Network Shopping. GIGAOM. 8 April 2014. 2013-10-07.
  26. News: Rath. John. Zayo Acquires Neo Telecoms. June 3, 2014. Data Center Knowledge. April 29, 2014.
  27. News: Scroxton. Alex. Zayo Buys UK Dark Fibre Provider Geo Networks. June 3, 2014. Computer Weekly. May 19, 2014.
  28. News: Stream Sells Dallas Data Center to Zayo Data Center Knowledge. 2016-01-07. Data Center Knowledge. en-US. 2016-12-24.
  29. Web site: Manitoba Telecom Services sells Allstream business for $465M. September 29, 2016.
  30. Web site: Zayo acquires Electric Lightwave for $1.42B, deepens western market fiber holdings. fiercetelecom.com. 2016-11-30. 2017-04-12.
  31. Web site: Zayo buying New York-Chicago fiber line for $127 million. www.bizjournals.com. 2018-01-22.
  32. Web site: Zayo makes $25 million purchase in western Canada. www.bizjournals.com. 2018-01-22.
  33. Web site: Narcisi . Gina . Fiber Provider Zayo Will Go Private In $14.3 Billion Deal . CRN . 8 May 2019.
  34. Web site: UPDATE: Zayo stock zooms 9% premarket on news to be taken private for $35 a share in cash. Linnane. Ciara. MarketWatch. en-US. 2019-05-08.
  35. News: Rubino . Joe . 2020-03-10 . Boulder born and (still) based Zayo Group is a private company once more after $14.3B sale . The Denver Post.
  36. Web site: Zayo Group to Acquire QOS Networks From M/C Partners . businesswire.com . 2022-01-12.
  37. Web site: Zayo to Acquire Leading Stuttgart B2B Connectivity Provider Globalways . 2023-11-27 . www.thefastmode.com . en.
  38. Web site: Sharma . Ray . Zayo Partners with Netskope to Expand Managed Edge Offerings . 2024-03-20 . www.thefastmode.com . en.
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  40. Web site: Law Enforcement Support. https://web.archive.org/web/20141129032910/https://www.onvoy.com/wp-content/uploads/2014/10/Final-Law-Enfocement-Support-Info-for-Website-10.3.14.pdf. 2014-11-29. 2023-08-25.
  41. Web site: It's Official: Onvoy Becomes National Powerhouse With Acquisition of Broadvox. September 3, 2015. September 29, 2016.

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