Zayo Group announces it has executed a definitive agreement to acquire FiberGate, Inc., a Washington, D.C. metro area provider of Dark Fiber services. The FiberGate acquisition adds 130,000 fiber miles to Zayo’s metro network in and around the nation’s capital. The current FiberGate network also includes 315 on-net buildings and two recently completed expansions to Frederick and Baltimore, Maryland.
The combination of AboveNet’s and FiberGate’s networks will create an extensive fiber footprint in this strategic bandwidth corridor. The Washington, D.C. / Northern Virginia area is a uniquely important geography for government, data centers and Internet connectivity.
The transaction, subject to customary approvals, will be funded from cash on hand and is expected to close by the end of the third quarter, 2012.
For more information on Zayo, visit www.zayo.com.
