Solution provides core infrastructure over Zayo’s existing fiber
backbone
BOULDER, Colo. –
A U.S.-based multinational bank has selected Zayo Group Holdings, Inc.
(NYSE: ZAYO) for long haul and metro dark fiber. The dark fiber will
connect the bank’s new data centers with its existing fiber network. The
solution leverages a popular long haul route and metro fiber in the U.S.
The solution will utilize approximately 1,100 route miles from Zayo,
spanning four states. By leveraging network that is largely in place,
Zayo expects to generate strong IRR and unlevered cash flow from the
10-year contract.
Banks and financial services companies are increasingly turning to dark
fiber for their bandwidth-intensive core transport, including file
sharing, large file transfers, business intelligence applications and
data analysis. Zayo’s dark fiber is ideal for multi-location enterprises
that want to light and manage their own networks.
“Zayo’s dark fiber backbone will enable the customer to expand its core
network and support future capacity requirements,” said Jack Waters, CTO
and president of Fiber Solutions at Zayo. “The route provides the
customer with the shortest option between two key markets, which
requires the least amount of optical equipment.”
The route is also being utilized by several major webscale companies for
high-capacity, low-latency infrastructure.
For more information, please visit zayo.com.
About Zayo Group
Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications
infrastructure services, including fiber and bandwidth connectivity,
colocation and cloud infrastructure to the world’s leading businesses.
Customers include wireless and wireline carriers, media and content
companies and finance, healthcare and other large enterprises. Zayo’s
122,000-mile network in North America and Europe includes extensive
metro connectivity to thousands of buildings and data centers. In
addition to high-capacity dark fiber, wavelength, Ethernet and other
connectivity solutions, Zayo offers colocation and cloud infrastructure
in its carrier-neutral data centers. Zayo provides clients with
flexible, customized solutions and self-service through Tranzact, an
innovative online platform for managing and purchasing bandwidth and
services. For more information, visit zayo.com.
Forward-Looking Statements
This press release contains a number of forward-looking statements.
Words, and variations of words such as “believe,” “expect,” “plan,”
“continue,” “will,” “should,” and similar expressions are intended to
identify our forward-looking statements. No assurance can be given that
future results expressed or implied by the forward-looking statements
will be achieved and actual results may differ materially from those
contemplated by the forward-looking statements. These forward-looking
statements involve risks and uncertainties, many of which are beyond our
control. For additional information on these and other factors that
could affect our forward-looking statements, see our risk factors, as
they may be amended from time to time, set forth in our filings with the
SEC, including our 10-K dated August 25, 2016. We disclaim and do not
undertake any obligation to update or revise any forward-looking
statement in this press release, except as required by applicable law or
regulation.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170608005389/en/
Zayo Group Holdings, Inc.
Media:
Shannon Paulk,
303-577-5897
Corporate Communications
press@www.zayo.com
or
Investors:
Brad
Korch, 720-306-7556
Investor Relations
IR@www.zayo.com