Caruso strikes again! Following up on the purchase of Northwest Telephone, Zayo announced today the purchase of Columbia Fiber Solutions. Columbia Fiber has a very dense metro network in Spokane, with 350 lit buildings on just 320 route miles of fiber, the purchase will add scale to Zayo's ambitions in the pacific northwest. In fact, it brings some of that Northwest Telephone revenue onto a wholly owned platform, since they apparently leased from Columbia Fiber Solutions in Spokane.
I had not heard of Columbia Fiber solutions before yesterday, when Zayo's Dan Caruso himself proposed including them on my metro fiber list in a comment. At the time I did think it might fit with Zayo, but of course he already knew this deal was coming down. One has to wonder just how much capital Zayo has left in its coffers, since the monetary values on the deals they do are rarely public. Not that I blame them, Zayo certainly doesn't want other potential bidders to know what cards they hold. As discussed previously, Zayo has been able to snap up many assets while others are preoccupied, and that window may close at any time.
If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!Categories: Mergers and Acquisitions · Metro fiber