Zayo Group announces it has executed a definitive agreement to purchase the remaining ownership interests in USCarrier Telecom, LLC. USCarrier is a regional fiber-based bandwidth services provider with a network that spans Georgia, Florida, Alabama and Tennessee. Zayo acquired an approximately 50% interest in USCarrier through its acquisition of American Fiber Systems in October 2010. Zayo will purchase the remaining interests in USCarrier from its current shareholders for $13.5 million.
USCarrier operates a 3,700-mile regional fiber network that connects major markets such as Atlanta, Jacksonville, Tallahassee, Nashville and Chattanooga along with 40 smaller cities throughout the Southeast, such as Macon and Savannah, Georgia and Mobile and Montgomery, Alabama. USCarrier provides transport services such as Ethernet and Wavelengths primarily to other telecommunications providers who leverage this unique network.
DH Capital, LLC served as exclusive financial advisor to USCarrier. The transaction, subject to customary approvals, will be funded from cash on hand and is expected to close during the fourth quarter of 2012.
For more information on Zayo, visit www.zayo.com.
