S&P Places Zayo Group (ZAYO) on CreditWatch Positive

Zayo Group (ZAYO) to Acquire Electric Lightwave in $1.42B Cash Deal

Zayo Group Holdings, Inc. (NYSE: ZAYO) announced it has entered into an agreement to acquire Electric Lightwave, formerly known as Integra Telecom, for $1.42 billion in cash. Electric Lightwave, which provides infrastructure and telecom services primarily in the Western United States, has 8,100 route miles of long haul fiber and 4,000 miles of dense metro fiber in Portland, Seattle, Sacramento, San Francisco, San Jose, Salt Lake City, Spokane and Boise, with on-net connectivity to more than 3,100 enterprise buildings and 100 data centers.

Electric Lightwave provides us another unique and dense regional fiber network that advances our position as the only... More