Zayo waited a whole two and a half weeks into the new year to make its first infrastructure acquisition. On Friday they announced the purchase of Optic Zoo Networks for CAD $31M.
Optic Zoo operates a high-fiber-count metro fiber footprint in Vancouver and surrounding pieces of Western Canada of about 103 route miles hooking up about 100 buildings. That will help Zayo fill out a key corner of its Canadian footprint a bit further.
Optic Zoo is expected to generate CAD$1.9M in annualized EBITDA this quarter, and Zayo expects to find CAD$0.5M in synergies to add onto that. The integration of a pure metro fiber asset like this is something Zayo's done more than a few times, so it should go pretty quickly.
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