Everyone’s still cleaning out the cobwebs, but nevertheless, here’s a quick look at a few items from this week from TelePacific, Zayo, and the Yankee Group:
TelePacific has finally re-branded its Texas-based Tel West division, bringing it under the same verbal umbrella. They bought Tel West in the summer of 2011, and have been relatively quiet since — at least publicly. Network upgrades have been underway to bring the acquired fiber assets and product portfolio closer to what they have on the west coast, and apparently it’s time to lift the curtain. It might also suggest they’re ready for further M&A, and now that they’ve shown a willingness to go non-contiguous perhaps they’ll take a swing at Broadview or something else on the east coast.
As promised, Zayo quickly wrapped up its acquisition of Litecast, clearing its plate for 2013. The $22M deal for the Baltimore-focused metro fiber operator give Zayo what has rapidly become one of the (if not the) deepest combined fiber footprints on the key I-95 Corridor between New York and Northern Virginia. Just one year ago, they basically had Philadelphia and just enough NYC fiber to be in the game and coverage of the remainder was fairly minimal. But with AboveNet, FiberGate, and Litecast in the picture the situation is radically different. Yesterday’s poll shows that many think Zayo is anything but done yet, although it’s not exactly a hard bet to make.
And the analyst community saw some consolidation of its own. The Yankee Group has been bought by 451 Group, which operates both 451 Research and the Uptime Institute, from its private equity owners at Alta. The Yankee Group will remain intact as a division of 451 Group and its CEO Terry Waters will stay on in his current role, now reporting to 451 Group’s Chairman and CEO Martin McCarthy.
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