Zayo Group said that it has agreed to purchase the remaining ownership interests in USCarrier (USCarrier Telecom, LLC), a regional fiber-based bandwidth services provider with a network that spans Georgia, Florida, Alabama and Tennessee.
Zayo acquired an approximately 50% interest in USCarrier through its acquisition of American Fiber Systems in October, 2010. Zayo will purchase the remaining interests in USCarrier from its current shareholders for $13.5 million.
USCarrier operates a 3,700 mile regional fiber network that connects major markets such as Atlanta, Jacksonville, Tallahassee, Nashville and Chattanooga along with 40 smaller cities throughout the Southeast such as Macon and Savannah, Georgia and Mobile and Montgomery, Alabama. USCarrier provides transport services such as Ethernet and Wavelengths primarily to other telecommunications providers who leverage this unique network.
"Extending the reach of Zayo's network with USCarrier's footprint allows us to offer broader solutions to our customers as well as deliver end-to-end national and international connectivity to these markets," says Glenn Russo, Executive Vice President for Corporate Strategy and Development for Zayo Group. "The transport services that USCarrier provides fit well with Zayo's focus on core high bandwidth services."