Zayo Group

Last updated

Zayo Group Holdings, Inc.
Company type Private
NYSE: ZAYO (2014–2020)
Industry Communications infrastructure
Founded2007;17 years ago (2007)
Founders
Headquarters
Boulder, Colorado
,
U.S.
Key people
 Kevin Turner (Chairman)
Steve Smith (CEO)
Jeff Noto (CFO)
Andres Irlando (President) [1]
Nikos Katinakis (CTO) [2]
Services Fiber and bandwidth connectivity, colocation and cloud infrastructure
RevenueDecrease2.svg US$2.58 billion (2019) [3]
Increase2.svg US$520 million (2019) [3]
Increase2.svg US$150 million (2019) [3]
Total assets Increase2.svg US$9.33 billion (2019) [3]
Total equity Decrease2.svg US$1.33 billion (2019) [3]
Owners
Number of employees
3,781 (2019) [3]
ASN
Website zayo.com

Zayo Group Holdings, Inc., or Zayo Group, is a privately held company headquartered in Boulder, Colorado, U.S. with European headquarters in London, England. The company provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure. Zayo's primary customer segments include wireless carriers, national carriers, ISPs, enterprises and government agencies. Zayo Group was built largely through acquisitions; it took over thirty companies from 2007 to 2014, including AboveNet and 360networks. [4] The company completed an initial public offering of stock raising $600 million in 2014. [5] In 2020, Zayo Group was taken private by global investment firms EQT AB and Digital Colony Partners in a deal valued at $14.3 billion. [6]

Contents

Founding and acquisition history

Zayo was founded in 2007 by Dan Caruso, John Scarano and Matt Erickson [7] as a Delaware corporation. [8] [9] In 2007, Zayo acquired Memphis Networx, [8] VoicePipe, [10] Onvoy Inc, [10] PPL Telcom [11] and Indiana Fiber Works. [8]

In 2008, Zayo acquired Columbia Fiber Solution, [8] Adesta Communications assets, [12] two sets of fiber assets from Citynet, [13] two sets of fiber assets from Northwest Telephone, [14] and CenturyTel Regional Markets. [14]

In 2009, Zayo acquired FiberNet Telcom Group, Inc. [15]

In 2010, Zayo acquired AGL Networks, [16] American Fiber Systems, [8] and Dolphini's Cummins Station data center and colocation services. [17]

In 2011, Zayo acquired MarquisNet data center business in Las Vegas, [18] and 360networks. [19]

In 2012 Zayo acquired AboveNet, [20] FiberGate, [21] Arialink, [22] US Carrier Telecom, [23] First Telecom Services, [23] and Maryland-based Litecast/Balticore. [24]

In 2013, Zayo acquired Austin-based data center operator Core NAP, [25] Access Communications, [26] Midwest-based dark fiber operator FiberLink, [27] and Corelink Data Centers.

In 2014, Zayo acquired Dallas-based data center operator CoreXchange, [12] French network operator Neo Telecoms SAS [28] and UK-based Geo Networks. [29]

In 2015, the company acquired Latisys, IdeaTek Systems and Viatel. In 2016, Zayo acquired a new Dallas, TX data center from Stream Data Centers, [30] Clearview International and Allstream, Canada's main facilities-based inter-exchange carrier which has its roots in the railway telegraph business CNCP Telecommunications. [31] As of July 2016, Zayo has completed 39 acquisitions.

On November 30, 2016, Zayo Group Holdings Inc said it would buy smaller rival Electric Lightwave for $1.42 billion in cash to expand its fiber network on the U.S. West Coast. [32]

In November 2017, Zayo purchased Spread Networks, a company that operated an 825-mile-long fiber route connecting New York and Chicago. [33]

In January 2018, Zayo announced they would be acquiring Optic Zoo Networks, a Vancouver, BC based fiber operation. [34]

In May 2019, Zayo announced an agreement to be acquired by EQT AB and Digital Colony. [35] [36] The deal to take Zayo private was completed in March 2020. [6]

In January 2022, Zayo announced they would be acquiring QOS Networks from majority owner M/C Partners. [37]

In November 2023, Zayo announced the acquisition of a Stuttgart-based fiber infrastructure and network services company, Globalways GmbH. [38]

In February 2024, Zayo announced the appointment of telecommunications executive Nikos Katinakis as its new Chief Technology Officer. [2]

In March 2024, Zayo announced its partnership with Secure Access Service Edge (SASE) developer Netskope for its Managed Edge services. [39]

Onvoy spinoff

On June 13, 2014, Onvoy spun off from Zayo Group Holdings. [40] On June 16, 2014, Onvoy LLC acquired the assets of Vitelity, a voice over IP provider based in Denver, Colorado. [41] On September 3, 2015, Onvoy LLC acquired Broadvox Communications, a competitive local exchange carrier VoIP service provider for business telecommunications. [42]

Network and services

Zayo owns a fiber network that spans more than 130,000 route miles in North America and Europe. Zayo operates a Tier 1 IP network, with settlement-free peering with all other Tier 1 providers. Zayo's services include dark fiber, wavelengths, SONET, Ethernet, SD-WAN, IP services, colocation, wireless backhaul and small cells.[ citation needed ]

Related Research Articles

Level 3 Communications, Inc. was an American multinational telecommunications and Internet service provider company headquartered in Broomfield, Colorado. It ultimately became a part of CenturyLink, where Level 3 President and CEO Jeff Storey was installed as Chief Operating Officer, becoming CEO of CenturyLink one year later in a prearranged succession plan.

Innovate Corp. is an American public financial services company founded in 1994.

<span class="mw-page-title-main">Windstream Holdings</span> Provider of voice and data network communications

Windstream Holdings, Inc., also doing business as Windstream Communications is a provider of voice and data network communications, and managed services, to businesses in the United States. The company also offers residential broadband, phone and digital streaming TV services to consumers within its coverage area. It is the ninth largest residential telephone provider in the country with service covering more than 8.1 million people in 21 states.

<span class="mw-page-title-main">AboveNet</span>

AboveNet was a provider of high bandwidth telecommunication circuits primarily for large corporate enterprises and communications carriers in 17 markets in the United States and 4 markets in Europe. Its private optical network delivered key network and IP services and was used in financial and legal services, media, health care, retail, and government.

Electric Lightwave, was originally formed in 1988, by John Warta, John Rivenburgh, Earl Kamsky and Richard Furnival. The company was formed to compete with US West and GTE in the Pacific Northwest. Portland General Electric was an initial investor, then Citizens Utilities became the largest investor in 1990. ELI became the first company to compete locally in Oregon, Washington, Idaho, Utah, and one of the first in California and Arizona.

<span class="mw-page-title-main">TW Telecom</span>

TW Telecom, was a business telecommunications company headquartered in Littleton, Colorado, United States. The company provided business voice services, transport, Internet, data services and wholesale fiber capacity. It was an early leader in the deployment of Ethernet for metropolitan areas, dubbed Metro Ethernet. The company was acquired by Level 3 Communications on November 1, 2014. Exactly three years later, CenturyLink acquired Level 3 Communications.

<span class="mw-page-title-main">Neuf Cegetel</span>

Neuf Cegetel was a French wireline telecommunications service provider and a mobile virtual network operator (MVNO). It offered various telecommunications services to consumers, enterprises and wholesale customers, ranking second in the country in annual revenues. It was legally established in 2005 following the completion of the merger between Neuf Telecom and Cegetel. As of June 2008, the company became a wholly owned subsidiary of SFR, and the brand disappeared commercially.

<span class="mw-page-title-main">Vocus Group</span> Australian telecommunications company

Vocus Group Limited, formerly known as Vocus Communications, is an international telecommunications company headquartered in North Sydney, Australia. Founded by James Spenceley as a wholesale, business, government and consumer telecommunications provider, Vocus owns and manages Australia's second largest intercapital fibre network. Vocus provides retail, wholesale and corporate telecommunications services across Australia and New Zealand. Vocus offers data network services such as Internet, dark fibre, IP WAN, unified communications and telephony and cloud services to mid, large and corporate businesses direct and also acts as a wholesaler. The company owns and operates 18 data centres across Australia and New Zealand and has an onshore network operations centre run by the engineers who built the network.

<span class="mw-page-title-main">Primus Telecommunications (Australia)</span> Australian subsidiary of the telecommunications provider

Primus Telecommunications Pty Ltd. is an Australian telecommunications company and wholly owned subsidiary of Vocus Communications that primarily focuses on fixed, mobile, and broadband services.

<span class="mw-page-title-main">Inteliquent</span> American communications company

Inteliquent is a communications enabler offering network-based voice and messaging services to wireless, cable, carriers and communication service providers. Inteliquent's services include voice, toll-free, messaging, and emergency communication solutions

Lumen Technologies, Inc. is an American telecommunications company headquartered in Monroe, Louisiana, which offers communications, network services, security, cloud solutions, voice and managed services through its fiber optic and copper networks, as well as its data centers and cloud computing services. The company has been included in the S&P 600 index since being removed from the S&P 500 in March 2023.

EarthLink is an American Internet service provider.

Sidera Networks is a New York City–based, privately held, United States owned, telecommunications company that provides fiber optic-based network solutions to the carrier, financial services, education, healthcare, government, legal services and media industries. The company was acquired by Lightower Fiber Networks on April 11, 2013.

360networks, Inc. was a Canadian-based wholesale telecommunications carrier. The company developed many long-haul fiber optic communications network routes throughout North America, many along railroad rights of way, consisting of both dark fiber and lit fiber. These long-haul routes included Chicago to New Orleans, Chicago to Denver, Chicago to Detroit, Chicago to New York, Seattle to Los Angeles, and Denver to San Francisco. In 2011, the company was acquired by Zayo Group.

Lightower Fiber Networks, founded in 2006, was a provider of telecommunications and IT services. It offered cloud computing, colocation hosting, and connectivity.

<span class="mw-page-title-main">GTT Communications</span> Tier 1 Internet service provider

GTT Communications, Inc. (GTT), formerly Global Telecom and Technology, is a Network as a Service (NaaS) and Security as a Service (SECaaS) provider headquartered in Arlington, Virginia. GTT operates a Tier 1 IP network and provides Internet; wide area networking, SD-WAN; network security, voice and video transport services.

Viatel Inc., founded in the United States in 1991, was a Nasdaq-quoted technology company which operated fiber optic networks in several countries, including in the United Kingdom during the mid-1990s. Viatel Technology Group, a Dublin-based technology company focused primarily on the Irish market, was founded from some of the elements of Viatel Inc. following acquisition by Digiweb in 2013.

<span class="mw-page-title-main">Cologix</span>

Cologix, a network neutral interconnection and data center company, runs 40+ interconnection locations across 11 North American markets. The edge markets that Cologix operates in are: Columbus, Ohio; Dallas, Texas; Jacksonville, Florida; Lakeland, Florida; Minneapolis, Minnesota; Montreal, Quebec; Silicon Valley, California; Toronto, Ontario; Northern New Jersey; and Vancouver, British Columbia. The company supports five Internet exchanges.

Dan Caruso is an American entrepreneur and investor. He is the co-founder, and former chairman and CEO of Zayo Group Holdings, Inc., a bandwidth infrastructure services company headquartered in Boulder, Colorado.

Birch Communications was an American provider of IP-based communications, network broadband, cloud computing, and information technology services to small, mid-sized, enterprise and wholesale business customers in the United States, Canada and Puerto Rico. It was acquired by Fusion Connect in 2018 and integrated into the company. Founded in 1996 in the wake of the 1996 Telecommunications Act, several years later the company began acquiring other telecom companies in an effort to increase its network size and service offerings. Birch Communications raised $77.5 million in funding in 2011, and $110 million in funding in 2012 after it financed a new $90 million facility.

References

  1. ↑ "Zayo aims to maintain momentum after double-digit growth in '22". Fierce. March 21, 2023.
  2. 1 2 "Zayo Group appoints Katinakis as CTO". Advanced Television. February 27, 2024.
  3. 1 2 3 4 5 6 "US SEC: Form 10-K Zayo Group Holdings, Inc". United States Securities and Exchange Commission. September 4, 2019.
  4. ↑ BRIAN DEAGON. "IPO Stock Watch: Zayo Group Up 16% In Tough IPO Market ZAYO XENE - Investors.com". Investor's Business Daily.
  5. ↑ IPOdesktop (October 17, 2014). "IPO Preview: Zayo Group Holdings".
  6. 1 2 Rubino, Joe (March 10, 2020). "Boulder born and (still) based Zayo Group is a private company once more after $14.3B sale". The Denver Post.
  7. ↑ https://www.dailycamera.com/2016/05/31/matt-erickson-co-founder-of-boulders-zayo-group-leaving-fast-growing-telecom/
  8. 1 2 3 4 5 Raice, Shayndi (December 29, 2010). "Fiber-Optic Networks Regain Some Glow". The Wall Street Journal. Retrieved June 3, 2014.
  9. ↑ Avery, Greg (November 8, 2013). "Zayo Group's Many Acquisitions Puts it in $1 Billion Club". Denver Business Journal. Retrieved June 3, 2014.
  10. 1 2 Wirz, Matt (March 1, 2013). "Refis Put the Free in Free Cash Flow". The Wall Street Journal. Retrieved June 3, 2014.
  11. ↑ "Former ICG Execs in $225 Million Deal". Denver Business Journal. August 30, 2007. Retrieved June 3, 2014.
  12. 1 2 Lindenstein, Joshua (March 21, 2014). "Zayo Mulls Path to Continued Growth". Boulder County Business Report. Retrieved June 3, 2014.
  13. ↑ "Zayo Group Acquires Citynet Fiber Network". The Herald-Dispatch. February 18, 2008. Retrieved April 10, 2014.
  14. 1 2 Gubbins, Ed (June 2, 2008). "Zayo Closes Seventh Acquisition, Eighth to Follow". Connected Planet. Retrieved June 3, 2014.
  15. ↑ Kang, Cecilia (June 29, 2009). "Expansion-Minded RCN Sparks Bidding War for N.Y. Telecom". The Washington Post. Retrieved April 4, 2014.
  16. ↑ "AGL Networks Sold to Zayo". Atlanta Business Chronicle. June 28, 2010. Retrieved April 10, 2014.
  17. ↑ Lawley, Erin (September 29, 2010). "Dolphini Networks Split Up, Sold". Nashville Post. Retrieved April 10, 2014.
  18. ↑ Miller, Rich (January 3, 2012). "Zayo Acquires MarquisNet Las Vegas Business". Data Center Knowledge. Retrieved April 4, 2014.
  19. ↑ "360networks Being Acquired By Zayo". The Seattle Times. October 7, 2011. Retrieved June 3, 2014.
  20. ↑ De La Merced, Michael (March 19, 2012). "Zayo to Buy AboveNet for $2.2 Billion to Extend Fiber Network". The New York Times. Retrieved April 4, 2014.
  21. ↑ "Zayo Group Completes FiberGate Purchase". Channel Partners Online. Retrieved April 10, 2014.
  22. ↑ "Zayo Completes Arialink Acquisition". Channel Partners. May 2, 2012. Retrieved June 3, 2014.
  23. 1 2 Moore, Paula (October 18, 2013). "Zayo Group's Success Built on Bigger Bandwidth". Denver Business Journal. Retrieved June 4, 2014.
  24. ↑ Pankratz, Howard (December 14, 2012). "Louisville's Zayo Group buys Baltimore Firm for $22 Million". The Denver Post. Retrieved June 3, 2014.
  25. ↑ "Zayo Enters Austin Market with Core NAP Acquisition". Datacenter Dynamics FOCUS. Retrieved April 10, 2014.
  26. ↑ Avery, Greg (October 7, 2013). "Zayo Group Buys Denver-Chicago Fiber-optic Route". Denver Business Journal. Retrieved June 3, 2014.
  27. ↑ Malik, Om (October 7, 2013). "It's Fiber Monday: Zayo & Time Warner Cable Go Fiber Network Shopping". GIGAOM. Retrieved April 8, 2014.
  28. ↑ Rath, John (April 29, 2014). "Zayo Acquires Neo Telecoms". Data Center Knowledge. Retrieved June 3, 2014.
  29. ↑ Scroxton, Alex (May 19, 2014). "Zayo Buys UK Dark Fibre Provider Geo Networks". Computer Weekly. Retrieved June 3, 2014.
  30. ↑ "Stream Sells Dallas Data Center to Zayo | Data Center Knowledge". Data Center Knowledge. January 7, 2016. Retrieved December 24, 2016.
  31. ↑ "Manitoba Telecom Services sells Allstream business for $465M" . Retrieved September 29, 2016.
  32. ↑ "Zayo acquires Electric Lightwave for $1.42B, deepens western market fiber holdings". fiercetelecom.com. November 30, 2016. Retrieved April 12, 2017.
  33. ↑ "Zayo buying New York-Chicago fiber line for $127 million". www.bizjournals.com. Retrieved January 22, 2018.
  34. ↑ "Zayo makes $25 million purchase in western Canada". www.bizjournals.com. Retrieved January 22, 2018.
  35. ↑ Narcisi, Gina (May 8, 2019). "Fiber Provider Zayo Will Go Private In $14.3 Billion Deal". CRN.
  36. ↑ Linnane, Ciara. "UPDATE: Zayo stock zooms 9% premarket on news to be taken private for $35 a share in cash". MarketWatch. Retrieved May 8, 2019.
  37. ↑ "Zayo Group to Acquire QOS Networks From M/C Partners". businesswire.com. January 12, 2022.
  38. ↑ "Zayo to Acquire Leading Stuttgart B2B Connectivity Provider Globalways". www.thefastmode.com. Retrieved November 27, 2023.
  39. ↑ Sharma, Ray. "Zayo Partners with Netskope to Expand Managed Edge Offerings". www.thefastmode.com. Retrieved March 20, 2024.
  40. ↑ [25]
  41. ↑ "Law Enforcement Support" (PDF). Archived from the original (PDF) on November 29, 2014. Retrieved August 25, 2023.
  42. ↑ "It's Official: Onvoy Becomes National Powerhouse With Acquisition of Broadvox". September 3, 2015. Retrieved September 29, 2016.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.