Thursday, September 10, 2009

Zayo Group Completes FiberNet Telecom Buy

Louisville, Colorado-based Zayo Group has completed its acquisition of FiberNet Telecom Group, FiberNet said late Wednesday. The deal was worth $90.7M. The acquisition was originally announced in May. FiberNet was a New York-based operator of colocaiton facilities and broadband fiber transport in New York/New Jersey, Los Angeles, Chicago, and Miami. Zayo is a provider of telecom services, bandwidth, and other services, now covering 23 states.