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Zayo Acquires London-Based Fiber Provider Geo Networks
|By Business Wire
|May 16, 2014 08:02 AM EDT
Zayo Group, LLC (“Zayo”), an international provider of Bandwidth
Infrastructure, today announced it has acquired Geo Networks Ltd
(“Geo”), a London-based dark fiber provider. The acquisition will add
over 2,100 route miles to Zayo’s European network, and connectivity to
587 on-net buildings.
Founded in 2002 by Jonathan Watts and Chris Smedley, Geo owns and
operates a high capacity fiber network in the UK, providing managed
networks, dark fiber and co-location services to a variety of
high-bandwidth sectors including media companies, service providers,
financial services, data centers and gaming organizations. Geo’s 100
route mile London network is housed in the London sewer system which
minimizes the threat of physical faults, boosting reliability and
security, and enabling rapid deployment with minimum disruption.
The Geo acquisition will significantly increase Zayo’s fiber footprint
in the UK, adding over 1,800 miles of national fiber connecting 130 data
centers, telehouses and key internet exchanges. It also will provide
direct access to major cities including Manchester, Birmingham and other
significant commercial regions. In addition to enhancing Zayo’s UK
network, Geo’s fiber enables Zayo to establish a presence in Ireland
through the diverse optical fiber subsea system, East-West Ring,
providing diverse connectivity to Dublin, a strategic hub for data
centers and cloud service providers.
“Geo’s extensive fiber and conduit assets complement our existing London
footprint and bring an increased breadth to our UK network,” said Dan
Caruso, CEO of Zayo Group. “Additionally, diverse connectivity to Dublin
is critical as it continues to develop as an international data center
“Zayo is a Bandwidth Infrastructure leader with a growing international
presence,” said Chris Smedley, Chief Executive of Geo Networks. “Our
customers will not only benefit from the expanded reach of the combined
network, but also the opportunity to access Zayo’s full suite of
The deal will close immediately and will be funded by a combination of
cash on hand and a draw from Zayo’s revolving credit facility. The
purchase price has not been disclosed.
The integration of Zayo and Geo’s networks will enable access to 79,000
miles of fiber in 8 countries, and connectivity to more than 650
datacenters. For more information about Zayo, please visit www.zayo.com.
Notes to Editor:
Zayo has acquired the issued share capital of Ego Holdings Limited, the
ultimate parent company of the operating businesses in the Geo group,
from the Alchemy Investment Plan.
Arma Partners advised Geo Management and Alchemy on the transaction.
About Zayo Group
Based in Boulder, Colo., Zayo Group provides comprehensive Bandwidth
Infrastructure services in over 300 markets throughout the US and
Europe. Zayo delivers a full suite of lit services and dark fiber
products to wireline and wireless customers, data centers, Internet
content providers, high-bandwidth enterprises, and government agencies
across its robust 77,000 route mile network. The company also offers 27
carrier-neutral colocation facilities across the US. Please visit www.zayo.com for
more information about Zayo and its fiber solutions.
About Geo Networks
Geo is the only company in the UK to focus solely on the design, build
and operate of bespoke dedicated fibre network solutions. Geo’s
revolutionary and flexible approach means that for the first time,
organisations can own and control their networks, ensuring that
security, high bandwidth and resilience are guaranteed. By allowing its
customers to directly own and control the underlying optical fibre that
is at the heart of their data network, Geo is the only truly open access
network provider in the UK. It provides an extensive range of solutions
including fully managed networks, dark fibre and co-location services.
Geo enables network solutions in the London area and throughout the UK
with onward connectivity to Ireland through the newest diverse optical
fibre subsea system, the East-West Ring. Customers include media
companies, service providers, major banks, carriers, data centres and
gaming organisations. Geo won ‘Fixed Network Infrastructure Innovation’
in the GTB Innovation Awards 2013 and ‘IT Vendor of the Year’ in the
2012 eGR B2B Awards, was a finalist in the 2011 UK Customer Experience
Awards, listed in the Deloitte Technology Fast 50 list for 2011 and Geo
was also shortlisted for the 2010 Sunday Times Tech Track 100: Barclays
Corporate Performance Excellence Award. Visit www.geo-uk.net
or follow @geonetworks
for more information.
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