22 January 2018
| Alan Burkitt-Gray
Zayo has spent $24.9 million buying Canadian fibre company Optic Zoo, which has 103 route miles in the Vancouver area.
Privately owned Optic Zoo says it has more than 100 on-net
buildings in the city of Vancouver, British Columbia, and
"The addition of Optic Zoo, with its pure play assets and
innovative team, will complement our Canadian footprint and
accelerate our traction in a rapidly growing media and
technology hub," said Jack Waters, CTO and president of fibre
solutions at Zayo.
"Optic Zoo has built a strong and growing business, attracted
an impressive customer base and delivered revenue growth rates
of more than 20%."
Zayo spent C$31 million, the equivalent of US $24.9 million, on
the company, funded from Zayo’s cash and from
There are no public figures for Optic Zoo’s
revenue, but Zayo says the acquisition is expected to generate
annualised EBITDA of $1.5 million in the current quarter. Bank
Street Group advised Optic Zoo in connection with the
Optic Zoo’s own website – which
hasn’t been updated since 2016 – has
relatively little information about the company or its network
and no information about its senior staff.
The website says that most of the network is in ducts "at least
a metre below the road", with the rest on electricity poles.
"Our solutions are content-neutral and responsive to the needs
of international and domestic telecommunication carriers,
enterprise customers and government agencies."
It list of customers includes Cologix, Hootsuite, managed
service provider GT.net, video surveillance company Avigilon
and children’s video company DHX Media.