International bandwidth infrastructure provider, Zayo Group, with 27 carrier-neutral colocation facilities across the U.S., has acquired Neo Telecoms (“Neo”), a Paris-based bandwidth infrastructure company that also operates 9 colocation centers across France offering more than 36,000 square feet of data center space.
The acquisition adds 350 metro route miles in Paris and more than 500 on-net buildings to Zayo Group’s network. 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 is a company providing dark fiber, IP transit, 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.
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.
Combined fiber footprint
“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.”
Based in Boulder, Colorado, Zayo Group provides comprehensive bandwidth infrastructure services in over 300 markets throughout the U.S. and Europe. Zayo delivers a full suite of managed services and dark fiber products to wireline and wireless customers, data centers, Internet content providers, high-bandwidth enterprises, and government agencies across its 77,000 route mile IP network. The colocation division of Zayo Group is called zColo.
“Neo has been focused on a very similar bandwidth infrastructure product set and is well-aligned with Zayo’s focus on data center connectivity,” said 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.”