Zayo to buy Access Communications in Minneapolis
20 August 2013 |
Zayo Group has agreed to acquire infrastructure provider Access Communications for $40 million.
Access owns and operates 1,200 miles of metropolitan fibre spanning the greater Minneapolis-St. Paul metropolitain area, and Zayo’s combined network now covers more 2,200 miles in the region.
“Given the complementary breadth and depth of its fibre network, the Access transaction is a natural step for Zayo,” said Dan Caruso, president and CEO of Zayo Group.
“The acquisition is the latest in a series of major investments supporting the growth of our bandwidth infrastructure business in Minnesota.”
The acquisition further enhances Zayo’s presence in Minneapolis and follows a series of acquisitions it made last year including AboveNet in July, USCarrier in August and First Telecom Services in October.
Access connects in excess of 500 on-net buildings, including major data centres and carrier hotels in the area, and thanks to its concentrated network geography, Zayo expects network integration to be a quick process.
The deal is still subject to customary approval and is anticipated to close quickly, funded with cash on hand.
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