Fiber Roundup: SummitIG, Zayo

April 22nd, 2019 by · Leave a Comment

Two other bits of fiber news from just before Easter weekend worth noting:

On the Atlantic Seaboard, SummitIG now has both a new majority owner and a new CEO. SDC Capital Partners has closed on its investment in the Virginia infrastructure builder and operator, while the previous majority owner Columbia Capital is staying around as an existing investor. Meanwhile, Sunny Kumar has taken on the mantle of CEO, rising from his previous role as chief commercial officer and succeeding Bill Cook.

And Zayo expanded its relationship with an unnamed Canadian professional services company last week. The deal will see Zayo's IP VPN services connect over 30 locations across Canada for the existing customer, leveraging the fiber network Zayo acquired in the Allstream deal a couple years ago. But of course we're all still waiting to hear the outcome of the negotiations that could take Zayo private again.

 

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Categories: Fiber Networks

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