Zayo
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The long-running saga over who would acquire Crown Castle’s fibre assets recently came to a head after Zayo Group secured a $4.5 billion acquisition.
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Crown Castle has reached a $4.25 billion deal to sell its fibre business to Zayo, backed by DigitalBridge.
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Infinera (NASDAQ: INFN) successful completed a live network trial using its seventh-generation ICE7 optical engine, achieving 1 terabit per second (Tb/s) single-wavelength transmission over a 1,391-kilometre route between Sacramento, California, and Salt Lake City, Utah.
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Zayo Group is reportedly leading the pack to acquire Crown Castle’s assets, including its fibre and small cell businesses, in a deal potentially valued at more than $8 billion.
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Fibre network infrastructure provider Zayo Europe has appointed Caroline O’Connor as chief legal officer.
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Zayo Europe has expanded its presence in Europe through a partnership with German dark fibre network supplier GasLINE.
Forthcoming events
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Commsworld has confirmed its completion of a £10 million, UK-wide Optical Core Network built on more than 2,000km of dark fibre leased from CityFibre and Zayo.
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Based on the growing demand to 100G ports, Zayo Group Holdings has expanded its IP Transit capacity in Phoenix, San Jose and Denver.
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Capacity shares 5 key stories from around the world making headlines today!
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In his first interview since the Zayo acquisition, Marc Ganzi tells Alan Burkitt-Gray about his bid by Digital Colony with EQT, and what Zayo will do under new ownership.
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Marc Ganzi will become CEO of Colony Capital on 1 July, the company has announced. He is already CEO of Digital Colony.
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The $14.3 billion deal to buy Zayo, completed this month, began with a meeting five years ago at one of Capacity’s conferences.
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Zayo is now a private company, owned by a joint venture of Digital Colony and EQT after completion of a $14.3 billion purchase, 10 months after it was announced.
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Zayo will cease to be a publicly quoted company a week on Monday – 9 March – when its $14.3 billion takeover by Digital Colony and EQT Infrastructure is completed.
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Investors seemed keen last night to buy $2.58 billion worth of bonds from the joint venture that is set to buy the Zayo Group.
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Digital Colony and EQT, the two private equity investors buying Zayo, will begin raising $3 billion in debt to help fund the purchase.
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Private equity company EQT invested a record €11.9 billion in infrastructure and other companies in 2019, CEO Christian Sinding said this morning.
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The Federal Communications Commission (FCC) has approved Zayo Group's buyout by Digital Colony and EQT Partners.