Zayo Group Holdings, Inc. (NYSE: ZAYO) has announced that it has entered into an agreement to acquire substantially all of the assets of Neutral Path Communications and Near North Partners for USD 31.5 million, the company said.
Neutral Path is a long haul infrastructure provider, operating a fiber network in the Midwest.
The transaction will add 452 owned plus additional leased route miles to Zayo´s extensive North American network, including a unique, high-count fiber route from Minneapolis to Omaha. The assets are highly complementary to Zayo´s Midwestern long haul dark fiber footprint.
As a result, Zayo will be able to sell multi-city dark fiber and fiber-based lit solutions from Minneapolis into Omaha, extending to Denver, Kansas City, Tulsa, Dallas, Des Moines, Chicago and other major markets. The network was architected to provide convenient options for carrier backhaul (both wireline and wireless) from the cities along the route to further enable broadband expansion in this area of the country.
Zayo Group Holdings provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to the world´s businesses. In addition to high-capacity dark fiber, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud infrastructure in its carrier-neutral data centers. Zayo provides clients with flexible, customized solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth and services. For more information, visit zayo.com.