December 14, 2012
Litecast Acquisition to Enhance Zayo's Presence in Baltimore-Washington Region
By Mini Swamy
Zayo Group (News - Alert), an international provider of fiber-based bandwidth infrastructure and interconnection services, is committed to maintaining a strong presence in the Baltimore-Washington area and is increasing its investment in that region.
Already having acquired AboveNet and FiberGate networks in the Washington, D.C. and Northern Virginia area, Zayo is stated to have entered into a definitive agreement to purchase Litecast/Balticore, LLC (Litecast) for a price of $22 million.
"The acquisition completes a very compelling set of fiber assets in the increasingly important Baltimore-Washington metropolitan market," noted Dan Caruso (News - Alert), president and CEO of Zayo Group.
The Litecast acquisition is significant given the company's geography and product offering and is considered a natural extension of Zayo's previous acquisitions. Not only does Litecast connect the city's major data centers and carrier hotel facilities, but it also provides dark fiber and Ethernet-based to Baltimore's business community.
As a result of the acquisition, Zayo's presence in the increasingly important Baltimore-Washington metropolitan area is expected to be considerably enhanced and the company anticipates a quick network and operations integration process.
Zayo can now offer Baltimore fiber-based services to its large existing carrier customer base and also offer Litecast customers a range of bandwidth infrastructure products across its regional, national and international fiber networks.
Currently, Zayo's network serves approximately 10,300 on-net buildings while its colocation assets include 136,000 billable square feet of interconnect-focused colocation space.
Recently, Zayo Group announced the completion of its fiber-optic network to DuPont Fabros Technology's ("DFT") ACC6 Data Center located in Ashburn, Virginia. This build provides diverse dark fiber connectivity in point-to-point or ring topology to customers between the DuPont Fabros facility and Zayo's regional and national network.
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Edited by Brooke Neuman
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