Zayo Group Acquires Neo Telecoms, Expands Network in France; Extensive Paris Fibre Network Increases End-to-End European Fibre Solutions
(M2 PressWIRE Via Acquire Media NewsEdge) London -- Zayo Group, Inc. (Zayo), an international provider of Bandwidth Infrastructure services, today announced it has signed a definitive agreement to acquire Neo Telecoms (Neo), a Paris-based Bandwidth Infrastructure company. The acquisition adds 350 metro route miles in Paris and more than 500 on-net buildings to Zayos network. Neo also operates 9 colocation centers across France, offering more than 36,000 square feet of data centre space. The Paris and regional network throughout France will be integrated into Zayos existing European network connecting London, Frankfurt and Amsterdam and the U.S.
Founded in 2003, Neo currently operates Paris first fibre-optic Metropolitan Area Network (MAN), enabling companies across France to connect to Paris international business hub. Neo provides dark fibre, IP, Ethernet, wavelength and colocation services to high-bandwidth companies in continental Europe and serves more than 600 carrier and enterprise customers, primarily concentrated in the technology, media, telecom, and finance sectors.
Neo has established a strong Bandwidth Infrastructure presence in France and we believe this acquisition will enable growth through our combined fibre footprint for end-to-end solutions, said Dan Caruso, President and CEO of Zayo Group. While we will bring a much expanded capability to the table, we also respect the importance of local relationships and expertise.
The two principal founders of Neo, Didier Soucheyre and Florian du Boys, will stay with the combined companies and lead Zayo France, a new business unit focused on that market.
Neo has been focused on a very similar Bandwidth Infrastructure product set and is well-aligned with Zayos focus on data centre connectivity, says Florian Du Boys, CEO of Neo and future leader of the Zayo France business unit. The combined networks of Neo and Zayo will provide our customers with the same key services, and now access to Zayos extensive international network.
The purchase price has not been disclosed but will be funded with cash on hand and is expected to close at the end of the second quarter of 2014.
For more information about Zayos network, visit www.zayo.com.
About Zayo Group
Based in Boulder, Colo., Zayo Group provides comprehensive Bandwidth Infrastructure services in over 300 markets throughout the US and Europe.
Zayo delivers a full suite of managed services and dark fibre products to wireline and wireless customers, data centres, Internet content providers, high-bandwidth enterprises, and government agencies across its robust 77,000 route mile network. The company also offers 27 carrier-neutral colocation facilities across the US. Please visit www.zayo.com for more information about Zayo and its fiber solutions.
About Neo Telecoms
Neo is a metropolitan optical fibre operator and an international hosting and IP services provider, headquartered in Paris. The company has impressively grown since its foundation in 2003 and currently serves more than 600 customers. Neos optical network has a presence in the main business centres in and around Paris. Neo has also built a latest generation, international network that is 100% based on an IP/MPLS architecture and is connected to the main economic European and North American Internet exchanges, enabling it to be the number two IP network of France. Neo has built a network of 9 datacentres spread over the national territory and envisions another five by 2015. Neos annual revenues surpassed 30 million euros in 2013.
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