Zayo says it is both expanding and adding capacity to its Memphis network. That network derives from its purchase of Memphis Networx, which was one of its earliest purchases back in 2007. Zayo plans to increase its coverage to 425 route miles with connectivity to more than 350 enterprise buildings and an increased fiber count, adding a total of 20,000 fiber miles to be added and extending into every major business and commercial area throughout the Memphis metropolitan area.
Actually, this is the second time in six months that Zayo has announced putting more money into Memphis. Back in December they extended their fiber to the tower efforts to several dozen more towers near and across the border with Mississippi. Their current (April) tower count in the Memphis market was 165 or so, according to the on-net building list on their website.
Zayo continues to put capex into network expansion, as much of its roll-up strategy has been to buy underinvested network assets and put in the money needed to bring out the value. But I'll bet the city of Memphis regrets letting go of this asset for a mere $11M or so now that the value of metro fiber is so much better appreciated.
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