international bandwidth infrastructure provider, Neo Telecoms Zayo Group, with 27 carrier neutral colocation facilities across the United STATES, acquired ( "Neo"), a bandwidth infrastructure company based in Paris, which also operates 9 colocation centers across France offers over 36,000 square feet of data center space.
The acquisition adds 350 miles of subway route to Paris and more than 500 on-net buildings Zayo Group network. The Paris and regional network in France will be integrated into existing Zayo European network linking London, Frankfurt and Amsterdam and the US
Founded in 03, Neo is a company dark fiber, IP transit, Ethernet, wavelength and collocation services to broadband businesses in continental Europe and serves more than 0 operators and corporate customers, mostly concentrated in the technology, media, telecommunications, and finance sectors.
The purchase price was not disclosed but will be financed with cash on hand and is expected to close at the end of the second quarter of 2014.
combined fiber footprint
"Neo has established the presence of high bandwidth infrastructure in France and we believe that this acquisition will enable growth through our combined fiber footprint for solutions from beginning to end, "said Dan Caruso, President and CEO of Zayo Group ." While we will provide expanded capacity a lot to the table, we also respect the importance of relationships and the local expertise. The two main founders of Neo, Didier Soucheyre and Florian's Boys, will remain with the combined company and lead Zayo France, a new business unit focused on this market. "
Based in Boulder, Colorado, Zayo Group provides comprehensive bandwidth infrastructure in more than 300 markets across the United States and Europe . Zayo provides a range comprehensive managed services and dark fiber products for wired and wireless clients, data centers, Internet content providers, broadband companies, and government agencies through its IP network 77,000 mile route. the Group Zayo Colocation division is called zColo.
"Neo was concentrated on a bandwidth infrastructure product set very similar and is well aligned with the Zayo emphasis on connectivity of data centers "said Florian Boys Du, CEO of Neo and future head of the business unit Zayo France . "The combined networks of Neo and Zayo will provide our customers with the same key services and maintaining access to an extensive international network of Zayo."
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