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U.S. telecom network provider Zayo to buy Electric Lightwave for $1.4 bln
November 30, 2016 / 12:15 PM / 10 months ago

U.S. telecom network provider Zayo to buy Electric Lightwave for $1.4 bln

Nov 30 (Reuters) - Telecom infrastructure provider Zayo Group Holdings Inc said on Wednesday it would buy smaller rival Electric Lightwave for $1.42 billion in cash, to expand its network along the U.S. west coast.

Zayo Group said it expects to save over $40 million annually as a result of the deal. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Sai Sachin Ravikumar)

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