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How Zayo Spent $3.7B on Acquisitions
Operator's IPO filing reveals how much it paid for its numerous acquisitions.
July 4, 2014
4 Min Read
IPO filings are interesting documents to rummage through, as we found out this week when wholesale services specialist Zayo announced it had filed papers with the SEC for a public listing of its stock. (See Zayo Files for IPO.)
Zayo Group Inc. (NYSE: ZAYO) has become famous in the industry for its appetite for acquisitions, having completed 30 in the period between July 2007 and May 2014, with prices ranging from just $15,000 (Northwest Telephone California, May 2009) to $2.21 billion (AboveNet, July 2012).
Check out this table for the full list and then get the background on some of the more significant deals through our story links below.
Date | Name of company acquired | Price paid in $ thousands* |
July 2007 | Memphis Networx | $9,173 |
August 2007 | PPL Telecom | $46,301 |
September 2007 | Indiana Fiber Works | $22,601 |
November 2007 | Onvoy | $69,962 |
November 2007 | Voicepipe | $2,800 |
February 2008 | Citynet Fiber Networks | $99,238 |
May 2008 | Northwest Telephone | $5,181 |
July 2008 | CenturyTel Tri-State Markets | $2,700 |
September 2008 | Columbia Fiber Solutions | $12,091 |
September 2008 | CityNet Holdings Assets | $3,350 |
September 2008 | Adesta Assets | $6,430 |
May 2009 | Northwest Telephone California | $15 |
September 2009 | FiberNet | $96,571 |
July 2010 | AGL Networks | $73,666 |
September 2010 | Dolphini Assets | $235 |
October 2010 | American Fiber Systems | $114,141 |
December 2011 | 360networks | $317,891 |
December 2011 | MarquisNet | $13,581 |
May 2012 | Arialink | $17,129 |
Jul 2012 | AboveNet | $2,210,043 |
Aug 2012 | FiberGate | $118,335 |
October 2012 | USCarrier | $16,092 |
December 2012 | FTS | $109,700 |
December 2012 | Litecast | $22,160 |
May 2013 | Core NAP | $7,080 |
August 2013 | Corelink | $1,889 |
October 2013 | Access | $40,068 |
October 2013 | FiberLink | $43,137 |
March 2014 | CoreXchange | $17,503 |
May 2014 | Geo | $294,228 |
TOTAL | $3,667,645 | |
Source: Zayo S-1 filing with the SEC. |
Since May, Zayo has struck further deals, closing the €58 million ($78.9 million) acquisition of French operator Neo Telecoms on July 1, and announcing the purchase of the AtlantaNAP data center on July 3 for $52.5 million. (See Zayo Group Acquires AtlantaNAP Data Center.)
For more on some of these deals, see:
— Ray Le Maistre, 
, Editor-in-Chief, Light Reading
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