LOUISVILLE, Colo. -- Zayo Group, LLC announced today that it has completed its previously announced acquisition of AboveNet, Inc. (NYSE: ABVT), a national provider of fiber-based Bandwidth Infrastructure services. The combined company will operate in 45 states in the U.S. and 7 countries in North America and Europe. Its network spans over 61,000 route miles with 4.6 million miles of fiber. The combined network serves approximately 9,000 buildings including major datacenters, telecommunications hubs, enterprise buildings and cellular towers.

"With the addition of AboveNet's talent and assets, Zayo is well positioned to be the leading provider of Bandwidth Infrastructure solutions to the largest consumers of bandwidth in the US. With transatlantic capacity, a deep London metro network and access to major cities in Europe, we can begin to address customers needs in key international markets as well," said Dan Caruso, President and CEO of Zayo Group. "While our opportunity has expanded through this acquisition, we remain focused on delivering dedicated bandwidth solutions with the responsiveness and reliability that our customers have come to expect."

In a separate release:

LOUISVILLE, Colo. -- Zayo Group, LLC today completed $3.34 billion in equity and debt financing in conjunction with the close of its previously announced acquisition of AboveNet, Inc. (NYSE: ABVT) and the refinancing of all existing Zayo and AboveNet debt. GTCR LLC, a leading Chicago-based private equity firm, led a $472 million round of new equity financing. Zayo also closed on $2.87 billion of new debt in the form of a term loan and senior secured and unsecured notes, plus a $250 million revolving credit facility which is undrawn.

At the time of the AboveNet acquisition announcement on March 19th, Zayo's parent Communications Infrastructure Investments, LLC received new equity commitments from new investor GTCR and existing investor Charlesbank Capital Partners. An additional group of existing investors (including Battery Ventures and Centennial Ventures) and new and existing limited partners also chose to participate in the equity round. The new equity investments closed on July 2, 2012 and totaled $472 million.

Zayo Group Inc. (NYSE: ZAYO)