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Zayo Group LLC completes acquisition of Paris-Based Neo Telecoms

Wednesday, 2 Jul 2014 08:00am EDT 

Zayo Group LLC:Completes its purchase of Neo Telecoms (Neo), a Paris-based Bandwidth Infrastructure company.Acquisition of Neo adds 300 route miles of Paris dark fibre and more than 500 on-net buildings to Zayo's network footprint in Europe.Through nine colocation facilities operated by Neo across France, Zayo can now offer an additional 36,000 square feet of data center space to customers.Neo focused on dark fiber, IP, Ethernet, wavelength and colocation services to more than 600 carrier and enterprise customers, primarily concentrated in the technology, media, telecom, and finance sectors.Acquisition of Neo closely follows Zayo's May 2014 acquisition of London-based fiber provider Geo Networks.Neo transaction was funded with cash on hand. 

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-0.04 -0.40%
4:00pm EDT