BOULDER, Colo.--(BUSINESS WIRE)--A U.S.-based multinational bank has selected Zayo Group Holdings, Inc. (NYSE: ZAYO) for long haul and metro dark fiber. The dark fiber will connect the bank’s new data centers with its existing fiber network. The solution leverages a popular long haul route and metro fiber in the U.S.
The solution will utilize approximately 1,100 route miles from Zayo, spanning four states. By leveraging network that is largely in place, Zayo expects to generate strong IRR and unlevered cash flow from the 10-year contract.
Banks and financial services companies are increasingly turning to dark fiber for their bandwidth-intensive core transport, including file sharing, large file transfers, business intelligence applications and data analysis. Zayo’s dark fiber is ideal for multi-location enterprises that want to light and manage their own networks.
“Zayo’s dark fiber backbone will enable the customer to expand its core network and support future capacity requirements,” said Jack Waters, CTO and president of Fiber Solutions at Zayo. “The route provides the customer with the shortest option between two key markets, which requires the least amount of optical equipment.”
The route is also being utilized by several major webscale companies for high-capacity, low-latency infrastructure.
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 infrastructure 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 122,000-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.
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