Zayo picked up some bandwidth business in the college basketball business this month, with March Madness in full swing. They were selected by the media arm of the Pac-12 conference to boost bandwidth for the Men's Basketball Tournament out in Las Vegas a few weeks ago. Oregon won the event easily over Utah, but more recently got knocked out in March Madness by Oklahoma.
Zayo provided a wavelength service between the MGM Grand Garden Arena in Las Vegas and the Pac-12 Network HQ in San Francisco, handling some 20 HD video sources. According to the company, they turned up service in one week rather than the required three and getting elevated from backup to primary based on performance. Zayo's solution leveraged fiber from multiple acquisitions over the years, with AFS, 360networks, and Abovenet mentioned in particular, as well as the company's own expansion projects.
With its Canadian and European integration projects underway, Zayo's plate is pretty full on the international front this year. But their US M&A ambitions could easily undertake something new, especially in the data center arena. They also did some refinancing yesterday that put the balance sheet in a better position for the next move.
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