Zayo Group, agreed to acquire First Telecom Services, which operates a fiber network across the northeastern and midwestern United States, for $110 million.
First Telecom Services manages a network of over 8,000 route miles of fiber and approximately 500 on-net buildings. It provides dark fiber and wavelength services across its 11 state footprint, with the highest concentration of network and revenue in Pennsylvania and Ohio. FTS’ customers are primarily other telecommunications carriers.
“This transaction strengthens Zayo’s business both from a revenue and asset perspective,” says Dan Caruso, President and CEO of Zayo Group. “First and foremost, FTS brings a strong and durable base of largely dark fiber revenue from a select group of strategic customers. Second, it secures Zayo’s control over some critical and unique regional fiber routes.”
Prior to this acquision but including its recent acquisitions of AboveNet and FiberGate, Zayo Group’s network assets include approximately 68,500 route miles, covering 45 states plus Washington, D.C. Additionally, Zayo Group has over 136,000 billable square feet of colocation space and approximately 9,000 on-net buildings, including 526 Data Centers, 503 Points-of-Presence (PoPs), and 2,661 Cell Towers.
