Zayo Group Holdings, Inc. (NYSE: ZAYO) has announced that it has acquired Vancouver-based Optic Zoo Networks for CAD USD 31 million. Optic Zoo owns and operates high-capacity fiber in Vancouver and has achieved a significant penetration of customers, with a focus on the digital media sector, the company said.
The transaction strengthens Zayo´s position in Vancouver and Western Canada, adding 103 route miles and more than 100 on-net buildings to Zayo´s Vancouver footprint. The acquisition will deepen Zayo´s customer base, providing the ability to cross sell to a diverse group of US and Canadian customers. Optic Zoo´s high-count fiber, 270 on average, has ample capacity for new and existing customers.
The third largest city in Canada, Vancouver is a global gateway and Canadian business hub. The city is a growing center for digital media and film, professional services, biotechnology and software development, all large consumers of bandwidth.
All of Optic Zoo´s revenue aligns with Zayo´s infrastructure-focused business segments, with the majority classified as fiber solutions. Optic Zoo is expected to generate CAD USD 1.9M in annualized EBITDA for the quarter ended March 31, 2018. Zayo expects to achieve approximately CAD USD 0.5M in annualized cost synergies by year-end 2018 after a relatively straightforward integration process.
Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to the world´s businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. Zayo´s 126,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers. 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.