Zayo Completes Buy Of Spread Networks
Boulder-based bandwidth provider Zayo Group Holdings said late Wednesday that it has completed its acquisition of Spread Networks. The deal was worth $127M in cash. According to Zayo, it expects to reach $10.5 million in annualized EBITDA from the Spread acquisition by the September 30th. Spread Networks provides a low latency fiber route between Chicago and New York. As a result of the acquisition, Zayo said it is creating a new, standalone business unit for the business, which will be called Spread Networks by Zayo.
posted on Wednesday, February 28, 2018
Related companies:
Zayo Group
Related stories:
> Zayo Acquires Spread Networks, Adds 825-Miles Between NY, Chicago
> Zayo Expands In Denver
> Zayo Buys FiberGate
> Zayo Completes Latisys Buy
> Zayo Buys Optic Zoo Networks
Techrockies.com Home