Zayo Group moves towards full ownership of USCarrier

Aug. 20, 2012
Zayo Group is once again in acquisition mode, this time announcing that it has agreed to acquire the half of USCarrier Telecom, LLC it doesn’t already own. Zayo will pay $13.5 million in cash to complete the acquisition.

Zayo Group is once again in acquisition mode, this time announcing that it has agreed to acquire the half of USCarrier Telecom, LLC it doesn’t already own. Zayo will pay $13.5 million in cash to complete the acquisition.

Zayo initially acquired approximately 50% of the company when it bought American Fiber Systems in October 2010 (see "Zayo Group to acquire American Fiber Systems").

USCarrier is a regional fiber-based bandwidth services provider that operates in Georgia, Florida, Alabama, and Tennessee. Its 3,700-mile fiber network connects cities such as Atlanta, Jacksonville, Tallahassee, Nashville, and Chattanooga, as well as 40 smaller cities in the Southeast U.S. The company offers Ethernet and wavelength services.

"Extending the reach of Zayo's network with USCarrier's footprint allows us to offer broader solutions to our customers as well as deliver end-to-end national and international connectivity to these markets," says Glenn Russo, executive vice president for corporate strategy and development for Zayo Group. "The transport services that USCarrier provides fit well with Zayo's focus on core high-bandwidth services."

The transaction is subject to customary approvals and is expected to close during the fourth quarter of 2012.

Sponsored Recommendations

The Pluggable Transceiver Revolution

May 30, 2024
Discover the revolution of pluggable transceivers in our upcoming webinar, where we delve into the advancements propelling 400G and 800G coherent optics. Learn how these innovations...

The Journey to 1.6 Terabit Ethernet

May 24, 2024
Embark on a journey into the future of connectivity as the leaders of the IEEE P802.3dj Task Force unveil the groundbreaking strides towards 1.6 Terabit Ethernet, revolutionizing...

Data Center Network Advances

April 2, 2024
Lightwave’s latest on-topic eBook, which AFL and Henkel sponsor, will address advances in data center technology. The eBook looks at various topics, ranging...

Advancing Data Center Interconnect

July 31, 2023
Large and hyperscale data center operators are seeing utility in Data Center Interconnect (DCI) to expand their layer two or local area networks across data centers. But the methods...