BOULDER, Colo.--(BUSINESS WIRE)--Zayo Group Holdings, Inc. (NYSE: ZAYO), the global leader in Communications Infrastructure, today announced that the company will provide fiber-to-the-tower (FTT) to 78 new towers in Indiana to serve a major wireless carrier customer. The towers will be located on 234 new network miles south and west of Indianapolis and connect a corridor to Louisville, Kentucky. The sale will also leverage 350 miles of fiber that is already in place to create a diverse ring in this growing region.
Because it is able to leverage in-place network, Zayo expects this customer contract to result in a strong return on the incremental $14M capital investment required to construct the additional 234 route miles of fiber network. Additionally, Zayo expects to use the newly constructed network to serve additional wireless tenants, plus provide fiber-based services to non-wireless customers such as universities, school districts, hospitals and content providers.
Indianapolis and the surrounding area has a strong base of financial service, insurance, technology and healthcare businesses, in addition to several state and private universities.
“Zayo has a successful history of leveraging assets and capital associated with signed customer contracts,” said Jacob Fuller, vice president of Zayo’s Mobile Infrastructure segment. “Our extensible network will have the capacity to not only provide FTT infrastructure for one of the nation’s leading wireless carriers, but also the fiber capacity to support services to additional mobile operators and other customers in need of high-bandwidth solutions.”
Zayo’s FTT solutions are addressing wireless carriers’ requirements for scalable, high-capacity infrastructure. After this expansion, Zayo will have approximately 8,200 towers, including those under construction and those already connected to its fiber network.
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 110,000-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 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.