Zayo Group to Acquire 360networks

LOUISVILLE, Colo. and SEATTLE -- Zayo Group executed a definitive agreement to acquire Seattle-based 360networks holdings (USA) inc. ("360networks"), a leading provider of fiber network and telecom services. The acquisition combines highly complementary assets – Zayo's deep metropolitan fiber networks across 60 US metropolitan markets and 360networks' unique intercity fiber network spanning the central and western United States. 360networks will be the largest of the 17 acquisitions made by Zayo since its inception in 2007.

"The combination with 360networks marks a new chapter for Zayo, one in which we emerge as a national provider of Bandwidth Infrastructure service," said Dan Caruso, President and CEO of Zayo Group. "The near doubling of the network allows us to provide a greater range of solutions, both in terms of markets served and ability to interconnect services across the markets."

Zayo Group Inc. (NYSE: ZAYO)