Boulder, Colorado — September 6, 2016 — Zayo Group Holdings, Inc. (NYSE: ZAYO) has signed its largest mobile infrastructure contract to date. Zayo will upgrade and expand the customer’s fiber-to-the-tower (FTT) network, which includes dark fiber to more than 1,800 cell sites in 26 markets across the U.S.
The deployment will leverage Zayo’s existing FTT networks in 20 markets. Additionally, the award represents follow-on sales to Zayo’s recently announced network expansions that are in progress. Finally, the solution results in the introduction of FTT in six Zayo markets by leveraging existing dense metro dark fiber.
“Close collaboration between Zayo and our customer resulted in a solution that achieved a low price per site for our customer and strong financial outcome for Zayo,” said Dan Caruso, chairman and CEO of Zayo. “Zayo believes the opportunity in these markets is far greater than the scope of this initial award, and the buildout will provide the scaffolding for serving broader requirements in the coming years.”
With this expansion, Zayo’s FTT network will surpasses an estimated 10,000 cell sites nationwide, including those under construction. Zayo continues to play a critical role in addressing wireless service providers’ needs for high-capacity communications infrastructure for macro towers and small cell nodes.
“The power of second tenant economics is demonstrated through this award, including where the other tenants are from a variety of verticals, such as content providers, technology companies, traditional enterprises and school districts,” added Chris Morley, chief operating officer at Zayo. “The financial merits of a multi-tenant platform will become even more compelling as wireless carriers move toward small cell, 5G and CRAN.”