Operator's IPO filing reveals how much it paid for its numerous acquisitions.

July 4, 2014

4 Min Read
How Zayo Spent $3.7B on Acquisitions

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.
* All prices are net of cash acquired and includes assumption of debt and capital leases.

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, Circle me on Google+ Follow me on TwitterVisit my LinkedIn profile, Editor-in-Chief, Light Reading

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