BOULDER, Colo.--(BUSINESS WIRE)--Zayo Group Holdings, Inc. (NYSE: ZAYO), a global provider of Communications Infrastructure, today announced the expansion of its fiber-to-the-tower (FTT) footprint in Atlanta to serve an anchor wireless service provider. Zayo will extend its existing 1,320-mile route mile network by more than 1,000 miles to provide FTT service to over 500 towers. Additionally, Zayo is pursuing opportunities to leverage its expanded Atlanta network to provide lit and dark fiber services to other enterprises and carrier customers.
“With this expansion, Zayo will have the leading competitive fiber footprint in Atlanta, with more than 2,300 miles of dense, high-count fiber,” said Jacob Fuller, vice president of Zayo’s Mobile Infrastructure business. “It’s a unique and extremely valuable asset, which we will leverage to increase the yield on our investment over time. We’ve already had several large enterprise and carrier customers express interest in our expanded network.”
The underlying wireless customer sale has a contract term of 20 years and is expected to generate an initial unlevered cash flow yield of approximately four percent per annum on $92.5 million of expected net capital investment, based solely on the initial anchor sale.
Atlanta is a key gateway for global business, and has experienced significant growth in technology, telecommunications, media, healthcare and IT. Zayo’s fiber network expansion will significantly enhance its ability to deliver high-capacity connectivity to businesses, school districts and other government entities in the broader metropolitan area.
With this expansion, Zayo’s FTT network now includes over 8,500 towers nationwide (including those under construction) and is playing an increasingly important role in addressing wireless service providers’ needs for scalable, high-capacity transport infrastructure.
For more information on Zayo’s network, visit zayo.com.
About Zayo Group
Zayo Group Holdings, Inc. (NYSE: ZAYO) provides Communications Infrastructure services, including fiber and bandwidth connectivity, colocation and cloud services to the world’s leading businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. Zayo’s 87,000-mile network in the U.S. 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 services 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.
Forward Looking Statements
This press release contains a number of forward-looking statements. Words, and variations of words such as "believe," "expect," "plan," "continue," "will," "should," and similar expressions are intended to identify our forward-looking statements. No assurance can be given that future results expressed or implied by the forward-looking statements will be achieved and actual results may differ materially from those contemplated by the forward-looking statements. These forward-looking statements involve risks and uncertainties, many of which are beyond our control. For additional information on these and other factors that could affect our forward-looking statements, see our risk factors, as they may be amended from time to time, set forth in our filings with the SEC, including our 10-K dated September 18, 2015. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.