New Business Unit Created from Recently Acquired FiberNet Telecom Group Colocation and Interconnect Business
LOUISVILLE, Colo., Sept. 15 /PRNewswire/ -- Zayo Group, a regional provider of bandwidth and telecom solutions, today announced the creation of Zayo Colocation Services, an independent business unit focused on colocation and interconnection services. The new entity, also known as zColo, absorbs Zayo Group's recently acquired colocation and interconnection business from FiberNet Telecom Group, Inc., including its extensive presence in the New York / New Jersey metro market.
With this launch, zColo becomes the exclusive operator of the 60 Hudson Street Meet-Me-Room, and offers colocation in 60 Hudson as well as in 111 8th Avenue in New York City, and 165 Halsey Street in New Jersey. This new business unit also provides extensive fiber and copper interconnects in and between these facilities, and maintains additional facilities in Chicago, Miami and Los Angeles. zColo expects to expand its offerings to new buildings and markets.
"Zayo Group's focus is providing bandwidth infrastructure for carriers, Internet providers, media companies and bandwidth-intensive enterprises," explained Dan Caruso, Co-Founder, President & CEO of Zayo Group. "The colocation and interconnects acquired from FiberNet play an essential role in the networks of many of Zayo's strategic customers."
With the FiberNet acquisition, roughly half of FiberNet's business became part of Zayo Bandwidth. A majority of the remaining business now becomes part of Zayo Colocation Services. Zayo Bandwidth manages the relationships of major carrier and Internet infrastructure accounts, and offers colocation and interconnection services to these customers as an agent for Zayo Colocation Services. zColo provides product and operational support to Zayo Bandwidth, and directly manages relationships for its own customers.
"The creation of Zayo Colocation Services allows for single-minded focus on providing customer-friendly, price-competitive, and carrier-neutral services in and between major colocation facilities," said Caruso. "In addition, zColo will provide transparency into the financial performance of our colocation operations for our investors."
About Zayo Colocation Services
Zayo Colocation Services, also known as zColo, is a wholly owned subsidiary of Zayo Group, and provides world-class, carrier-neutral colocation and interconnection services. zColo is the exclusive operator of the 60 Hudson Street Meet-Me-Room and other premier colocation facilities in the NY/NJ metro market, Chicago, Miami and Los Angeles.
About Zayo Group
Based in Louisville, Colo., Zayo Group (www.zayo.com) is a regional provider of telecom services - including bandwidth, voice and managed services - to carrier, enterprise, SME and government customers. Zayo Group currently provides its service over a fiber network that spans 129 markets in 23 states. Zayo Group consists of four complementary business units: Zayo Bandwidth, Zayo Colocation Services, Zayo Enterprise Networks and Onvoy Voice Services. For various Group updates, follow Zayo on Twitter: ZayoGroup.
