Zayo to Buy Litecast
LOUISVILLE, Colo. -- Zayo Group, LLC (“Zayo”) announces that it has executed a definitive agreement to purchase Litecast/Balticore, LLC (“Litecast”), a provider of metro Bandwidth Infrastructure services in Baltimore, Maryland, for a price of $22 million.
Litecast owns and operates the leading Baltimore metropolitan fiber network, connecting over 110 on-net buildings, including all of the city’s major datacenters and carrier hotel facilities. Litecast is focused on providing dark fiber and Ethernet-based services to a concentrated set of Baltimore enterprise and governmental customers, particularly within the healthcare and education segments.
The acquisition will further enhance Zayo’s fiber network in the greater Baltimore-Washington metropolitan area, complementing the recently acquired AboveNet and FiberGate networks in the Washington, D.C. and Northern Virginia area. Zayo will be positioned to offer Litecast customers a broad set of Bandwidth Infrastructure products across its regional, national and international fiber networks. In addition, Zayo will offer Baltimore fiber-based services to its large existing carrier customer base.
Zayo Group Inc. (NYSE: ZAYO)