wiredInUSA January 2017

$1bn telecom takeover deal M A K I N G T H E NEWS

Zayo Group Holdings has entered into an agreement to acquire Elec- tric Lightwave (formerly known as In- tegra Telecom) for $1.42 billion. Elec- tric Lightwave provides infrastructure and telecom services, primarily in the western United States, with 8,100 route miles of long haul fiber and 4,000 miles of dense metro fiber. “Electric Lightwave provides us an- other unique and dense regional fiber network that advances our position as the only national independent infra- structure provider remaining in the US,” commented Zayo chairman and CEO Dan Caruso. Approximately 40 percent of Electric Lightwave’s existing revenue aligns with Zayo’s infrastructure-focused busi- ness segments and will be rapidly inte- grated into the core Zayo organization, processes and systems. The remainder has a customer base that aligns well

with Zayo’s Canadian SME and voice businesses. “Zayo has a proven track record of integrating key fiber infra- structure assets while also maximizing the value of more traditional telecom business units,” Caruso added. Zayo expects to achieve significant revenue and cost synergies over the coming quarters, driven by the effi- ciencies of scale and Zayo’s proven integration process. Zayo’s Tranzact platform and Salesforce.com imple- mentation is expected to provide “seamless online access” to viewing, purchasing and managing the com- bined customers and network.

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wiredInUSA - January 2017