Multinational Bank chooses Zayo for dark fiber

A US-based multinational bank has selected Zayo Group Holdings, Inc. (NYSE: ZAYO) for long haul and metro dark fiber, the company said.

The dark fiber will connect the bank´s new data centers with its existing fiber network. The solution leverages a popular long haul route and metro fiber in the US.

The solution will utilize approximately 1,100 route miles from Zayo, spanning four states. By leveraging network that is largely in place, Zayo expects to generate strong IRR and unlevered cash flow from the 10-year contract.

Banks and financial services companies are increasingly turning to dark fiber for their bandwidth-intensive core transport, including file sharing, large file transfers, business intelligence applications and data analysis. Zayo´s dark fiber is ideal for multi-location enterprises that want to light and manage their own networks.

Zayo Group Holdings provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to the world´s businesses. Zayo´s 122,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers.