Zayo Group Holdings Inc. said it's buying a high-capacity fiber operation in western Canada.
The Boulder telecom (NYSE: ZAYO) is buying Vancouver-based Optic Zoo Networks for $24.87 million (U.S.).
"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 U.S. and Canadian customers," Zayo said.
“The addition of Optic Zoo, with its pure play assets and innovative team, will complement our Canadian footprint and accelerate our traction in a rapidly growing media and technology hub,” said Jack Waters, CTO and president of fiber solutions at Zayo, in a statement.
Read more at the Denver Business Journal: http://bit.ly/2n2MMoB
