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DigitalBridge Group announced the closing of the first stage of its previously announced recapitalization of its portfolio company DataBank, a leading nationwide edge data center platform. DataBank’s portfolio consists of more than 65 data centers, 20 interconnection hubs in more than 27 markets, on-ramps to an ecosystem of cloud providers, and a modular edge data […]
DigitalBridge Group will sell an equity stake in its DataBank company to a consortium led by Swiss Life Asset Management AG and EDF Invest. DataBank’s portfolio consists of more than 65 data centers, 20 interconnection hubs in more than 27 markets, on-ramps to an ecosystem of cloud providers, and a modular edge data center platform. […]
Equinix is testing a 400G connection between its data centers in London (Slough) and Paris on Zayo’s subsea fiber network. As part of the trial, Zayo deployed a 500G optical channel on its 800G-enabled, DWDM network. The company used the additional bandwidth to deploy an extra 100G wave for enhanced monitoring capabilities, creating increased visibility […]
Zayo has deployed the world’s longest known terrestrial 800G optical wavelength in a commercial network — 1,044.51 km along a fiber route stretching from Springville, Utah to Reno, Nevada. The transmission is powered by Infinera’s ICE6 800G coherent technology. In recent months, Zayo has been making major investments in the company’s fiber network throughout North […]
Zayo announced the planned deployment of thirty-one high capacity, 400G-enabled long haul routes across North America and Western Europe. The significant network update is expected through Q1 of 2022. Up to 800G transmission will be available in select areas as Zayo deploys significant speed enhancements in anticipation of future network needs. “400G is rapidly becoming […]
Zayo Group Holdings completed the previously announced sale of the its zColo data center assets in the U.S. and U.K. to DataBank. A second closing for zColo’s data centers in France is expected to be completed in the first quarter of 2021. “With the close of the zColo-DataBank transaction, Zayo is able to focus 100% […]
Zayo Group named Steve Smith as Chief Executive Officer, replacing Dan Caruso.. Smith was recently a Managing Director of the Private Equity firm GI Partners. Before that, he was CEO of Equinix for over 10 years, growing revenues from $400 million to $4.4 billion across 200 data centers, in 52 markets. He is a West […]
Zayo reported $650.6 million of consolidated revenue, including $485.4 million from the Zayo Networks segment, $66.1 million from the zColo segment and $88.0 million from the Allstream segment. This represents an annualized revenue growth rate of 2%. Net income of $63.0 million resulting in basic and diluted net income per share during the quarter of […]
Shareholders of Zayo Group Holdings approved all proposals related to the definitive merger agreement to be acquired by affiliates of Digital Colony Partners and the EQT Infrastructure IV fund. “Today’s favorable shareholder vote supports our view that this transaction is a very good outcome for shareholders and will enable Zayo to accelerate its growth and […]
Zayo will diversify its fibre infrastucture in the south of France and will offer three fully diverse network routes out of Marseille. Marseille serves as a strategic gateway and key aggregation point between Europe, Africa and Asia as well as connectivity for subsea cables AAE-1, SEA-ME-WE-5 and several others. The first route, a low-latency route […]
