BOULDER, Colo. – April 28, 2014 – 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 Zayo’s network. Neo also operates 9 colocation centers across France, offering more than 36,000 square feet of data center space. The Paris and regional network throughout France will be integrated into Zayo’s existing European network connecting London, Frankfurt and Amsterdam and the U.S.
Founded in 2003, Neo currently operates Paris’ first fiber-optic Metropolitan Area Network (MAN), enabling companies across France to connect to Paris’ international business hub. Neo provides dark fiber, 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 fiber 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 Zayo’s focus on data center 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 Zayo’s 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 Zayo’s network, visit www.zayo.com.
