Zayo to Acquire Viatel

Acquisition to cement Zayo as a leading Pan-European infrastructure provider

LONDON--(BUSINESS WIRE)--Zayo Group Holdings, Inc. (“Zayo”) (NYSE: ZAYO), a leading provider of bandwidth infrastructure and network-neutral colocation and connectivity services, today announced it has entered into a definitive agreement to acquire Viatel’s infrastructure and non-Irish enterprise businesses. Viatel is a wholly owned subsidiary of the Digiweb Group, a full service telecommunications and managed services operator, based in Dublin, Ireland. The purchase price is approximately €95 million. The Viatel acquisition will provide Zayo with Pan-European intercity and metro fiber capability via an 8,400 kilometer fiber network across eight countries. The transaction will add 12 new metro networks, seven data centers and connectivity to 81 on-net buildings. Two wholly-owned subsea cable systems will provide connectivity on two of Europe’s busiest routes – London-Amsterdam and London-Paris. The Viatel businesses to be acquired are highly aligned with Zayo’s existing product and customer set, including a higher proportion of dark fiber revenue. Originally posted on Business Wire. To read this article in its entirety, please click here: Read More