Bandwidth and infrastructure provider Zayo Group, LLC, reports that it has completed its purchase of Neo Telecoms, a Paris-based fiber-optic network provider.
Originally announced in March, the deal adds 300 route miles of Paris dark fiber and more than 500 on-net buildings to Zayo’s network footprint in Europe (see "Zayo buys Neo Telecoms for French connection"). Neo focused on dark fiber, IP, Ethernet, wavelength and collocation services to more than 600 carrier and enterprise customers, primarily concentrated in the technology, media, telecom, and finance sectors. Through the nine collocation facilities operated by Neo across France, Zayo can now offer an additional 36,000 square feet of data center space to customers.
“Neo’s dense metro network, local expertise, and similar product set complement Zayo’s existing infrastructure and support our expansion in Europe,” said Dan Caruso, chairman and CEO of Zayo Group. “By combining the networks, Zayo is now able to provide more comprehensive, end-to-end bandwidth solutions to our customers.”
“Neo’s team has working closely with Zayo over the previous few months to ensure a rapid, seamless integration with minimal disruption for customers,” said Florian Du Boys, former CEO of Neo and leader of the Zayo France business unit. “Neo is now Zayo France and we look forward to representing a global bandwidth provider in the local market.”
The acquisition of Neo closely follows Zayo’s May 2014 acquisition of London-based fiber provider Geo Networks (see "Zayo acquires London-based fiber provider Geo Networks"). The Neo transaction was funded with cash on hand.
Parent company Zayo Group Holdings, Inc. recently filed for an initial public offering and could attempt to raise $100 million or more (see "Zayo files S-1 for IPO").
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