Zayo Announces Definitive Agreement to Acquire Intelligent Fiber Network
IfN`s acquisition adds more than 5,000 miles of fiber optic line across more than 60 Indiana counties. The combined companies will help drive investment and growth in Indiana`s communications infrastructure and drive the ubiquity of broadband connectivity across the state. Zayo Group announced that it has entered into a definitive agreement to acquire Intelligent Fiber Network (IFN). Zayo Group Holdings, Inc. provides critical bandwidth to the world`s most influential companies and drives innovations that change our society. Zayo`s 126,000-mile network in North America and Europe includes full metro connectivity to thousands of buildings and data centers. Zayo`s communications infrastructure solutions include dark fiber, private data networks, wavelengths, Ethernet, dedicated Internet access, and data center connectivity solutions. Zayo owns and operates a Tier 1 IP backbone, and through its CloudLink service, Zayo provides low-latency private connectivity that connects businesses to their public cloud environments. Zayo serves mobile and fixed network operators, media, technology, content, finance, healthcare and other large enterprises. For more information, see zayo.com/. The acquisition, which closed on June 1, adds more than 5,000 miles of dense fiber with network connections to nearly 1,000 corporate buildings in cities such as Indianapolis, Fort Wayne, Columbus, Terre Haute and South Bend. Zayo announced plans to purchase Intelligent Fiber in March.
Boulder-based Zayo Group Holdings Inc. has completed the acquisition of Indiana Fiber Network LLC, which operates as Intelligent Fiber Network, a fiber connectivity provider serving several Indiana markets. The combined companies will help drive investment and growth in Indiana`s communications infrastructure and boost broadband connectivity across the state. Customers have access to both Zayo`s global reach and an expanded Indiana network that now includes more than 7,500 miles of road spanning the state, with internet connectivity to more than 2,000 buildings, data centers, and cell sites. Dentons Bingham Greenebaum acted as legal counsel to Intelligent Fiber Network (IFN) in connection with the acquisition by Zayo Group Holdings, Inc., a leading provider of bandwidth infrastructure with dense, high-quality networks in North America and Western Europe. Zayo announced in March 2021 that it had entered into a definitive agreement to acquire IFN. The acquisition was completed on June 1, 2021. For more information about Zayo, please visit www.zayo.com.
BOULDER, Colo.—(BUSINESS WIRE)—Zayo Group Holdings, Inc. today announced that it has entered into a definitive agreement to acquire Intelligent Fiber Network (IFN). IFN, which provides fiber connectivity solutions to more than 400 customers, operates a 5,000-mile network in several Indiana markets, including Indianapolis, Fort Wayne, Columbus, Terre Haute and South Bend. «IFN brings to Zayo a high-quality network, a strong team and a strong focus on providing exceptional customer service,» Matt Steinfort, Zayo`s chief financial officer, said in a statement. «Together, we have the opportunity to leverage our combined and complementary assets to reach regional scale and drive growth. Brad Korch, Investor Relations (720) 306-7556 IR@zayo.com Rebecca Whalen, Corporate Communications 720-780-1345 press@zayo.com «IFN brings Zayo another unique and dense regional fiber optic network and a dedicated local team that stands out for customer service,» said Matt Steinfort, Zayo`s Chief Financial Officer. «This team, additional network resources and the nearly 1,000 additional buildings on the network will support our efforts to accelerate growth as we look to capitalize on business opportunities within our network`s reach.» Zayo will maintain operations at IFN headquarters in Indianapolis. It`s the 46th.
Acquisition of Zayo and the first as part of a private consortium led by EQT Partners and Digital Colony Partners, which Zayo bought for $14.3 billion in 2020. Matt Steinfort, Zayo`s chief financial officer, said. Seda Nur Cinar is the editor-in-chief of Cloud7 News. With over 8 years of linux and cloud experience, Seda is a Linux and open source enthusiast, security researcher, and web application developer. . The transaction is expected to close in the second half of 2021, subject to regulatory approvals and customary closing conditions. Dentons Bingham Greenebaum has partnered with the world`s largest law firm, connecting our clients with world-class legal talent at home and around the world. For more than 100 years, the company has helped clients close deals, manage risk and open the door to new opportunities.
Dentons Bingham Greenebaum provides transaction, process, estate planning, tax and benefits services, as well as economic development advice to clients in a wide range of industries and industries. The firm`s client base is diverse and includes regional, national and international commitments. Dentons Bingham Greenebaum`s lawyers serve clients in the communities where they live and work, with offices in Indiana, Kentucky and Ohio. For more information, see www.dentons.com/dbg. . «The combination of IFN and Zayo will provide our customers and former owners with significantly improved reach and value,» said Jim Turner, IFN`s President and CEO. «Together, the combined companies will help drive investment and growth in Indiana`s communications infrastructure and drive the ubiquity of broadband connectivity across the state.» Zayo expects to close the transaction in the second half of 2021, subject to regulatory approvals and customary closing conditions. Skadden Arps is acting as legal advisor to Zayo in connection with the transaction. Houlihan Lokey and Stifel are acting as financial advisors to IFN, and Dentons Bingham Greenebaum is acting as legal advisor. .