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The following content is from an older version of this website, and may not display correctly.Zayo Group, provider of colocation and network connectivity services, has reached an agreement to acquire AGL Networks, a subsidiary of Atlanta-based energy services company AGL Resources. AGL owns and operates physical network infrastructure in Atlanta, Charlotte, N.C., and Phoenix, Ariz., markets - infrastructure Zayo will take over if and when the deal closes.
"AGL Networks has amassed impressive regional fiber networks and a solid base of customers," Zayo President and CEO Dan Caruso said in a statement. "Zayo Group will continue to support these customers while also offering them similar services on Zayo's existing network."
AGL's network infrastructure consists of more than 795 route miles and 182,000 fiber miles, according to a Zayo news release.
This is the second acquisition for Zayo in less than one year. Its latest major deal was completed in September 2009: an acquisition of FiberNet, which added more network infrastructure, as well as colocation and interconnect facilities in New York City, New Jersey, Chicago, Miami and Los Angeles to Zayo's assets.
Zayo did not disclose financial terms of either transaction. Seven investors, including Morgan Stanley, Columbia Capital and Charlesbank Capital Partners, provide the company's financial backing.
"AGL Networks has amassed impressive regional fiber networks and a solid base of customers," Zayo President and CEO Dan Caruso said in a statement. "Zayo Group will continue to support these customers while also offering them similar services on Zayo's existing network."
AGL's network infrastructure consists of more than 795 route miles and 182,000 fiber miles, according to a Zayo news release.
This is the second acquisition for Zayo in less than one year. Its latest major deal was completed in September 2009: an acquisition of FiberNet, which added more network infrastructure, as well as colocation and interconnect facilities in New York City, New Jersey, Chicago, Miami and Los Angeles to Zayo's assets.
Zayo did not disclose financial terms of either transaction. Seven investors, including Morgan Stanley, Columbia Capital and Charlesbank Capital Partners, provide the company's financial backing.