Zayo Keeps Buying

Zayo Bandwidth, a Louisville, Colo.-based regional provider of fiber-based network services, has acquired Citynet Fiber Network, the wholesale division of Citynet. This will be Zayo's sixth acquisition in the past six months, and is expected to close next quarter. No financial terms were disclosed.


Zayo earlier this year secured access to $225 million in private equity funding, from firms like Columbia Capital, M/C Venture Partners, Oak Investment Partners, Battery Ventures and Centennial Ventures. It also received an $85 million credit facility from CIT Group, CoBank and Hercules Technology Growth Capital.