BOULDER, Colo.--(BUSINESS WIRE)--A major U.S. telecommunications company has selected Zayo for dark fiber infrastructure between Memphis and the greater New Orleans area. The solution leverages Zayo’s existing network, acquired from 360networks, with no additional construction required.
The dark fiber is part of the carrier’s upgrade to higher capacity fiber across its network. The 20-year IRU provides the carrier with fiber along Zayo’s unique southeastern route, a critical communications infrastructure corridor.
Carriers and cable companies continue to add fiber infrastructure to their networks to increase capacity and improve latency, essential for higher bandwidth communications and applications. According to the USTelecom Association, the U.S. wireline industry continues to make significant investment to expand and upgrade broadband infrastructure for consumers and businesses, with investment in 2015 exceeding $75 billion.
“This long-term transaction extends our relationship with an important customer,” said Jacob Fuller, vice president of Dark Fiber Solutions, Southeast Region at Zayo. “It’s an excellent example of the favorable economics of our business model: fully leveraging our in-place network to generate value for our customers and shareholders.”
For more information, please 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 114,500-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 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.
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 August 25, 2016. 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.