Zayo Group Gobbles UK Dark Fibre Optic Provider GEO Networks

In a surprise move GEO Networks, a dedicated fibre optic solutions developer for the United Kingdom, has been acquired for an undisclosed sum by US-based international bandwidth infrastructure provider Zayo Group.

At present Zayo’s footprint extends over 77,000 route miles, mostly across the USA but it also has connectivity into several major European cities like London and France. The acquisition will add more than 2,100 additional route miles from GEO to Zayo’s EU network (1,800 miles of which will come from the UK), including connectivity to 587 on-net buildings (130 data centres, telehouses and Internet exchanges in the UK).

Zayo will also benefit from GEO’s subsea (marine) fibre optic network into Ireland (East-West Ring) and Dublin.

Dan Caruso, CEO of Zayo Group, said:

“Geo’s extensive fibre and conduit assets complement our existing London footprint and bring an increased breadth to our UK network. Additionally, diverse connectivity to Dublin is critical as it continues to develop as an international data centre hub.”

Chris Smedley, CEO of Geo Networks, added:

“Zayo is a Bandwidth Infrastructure leader with a growing international presence. Our customers will not only benefit from the expanded reach of the combined network, but also the opportunity to access Zayo’s full suite of services.”

Little is known about the deal itself, which will close immediately and be funded by a combination of cash on hand and a draw from Zayo’s “revolving credit facility“. As part of this, Zayo has acquired the issued share capital of Ego Holdings Limited (parent company of the operating businesses in the Geo group) from the Alchemy Investment Plan.