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10 March 2021 | Natalie Bannerman Zayo Group has entered into a definitive agreement to acquire Intelligent Fiber Network (IFN), for an undisclosed amount.
“IFN brings to Zayo another unique and dense regional fibre network and a dedicated local team that excels in serving its customer base,” said Matt Steinfort (pictured), chief financial officer, Zayo.
“This team, the additional network assets and the nearly 1,000 incremental on-net buildings will aid our efforts to accelerate growth as we look to capitalize on the enterprise opportunity within our network reach.”
As a fibre-based connectivity solutions provider, IFN operates a 5,000 route-mile network across multiple markets in Indiana, including Indianapolis, Fort Wayne, Columbus, Terre Haute and South Bend.
Zayo to Buy Regional Fiber Network Intelligent Fiber Network (IFN) Posted on Share
Home » Zayo to Buy Regional Fiber Network Intelligent Fiber Network (IFN)
Zayo said today that it plans to purchase Intelligent Fiber Network (IFN), a fiber network operator primarily serving Indiana that is owned by a group of independent telcos and a rural electric company.
The deal is expected to close in the second half of 2021. The purchase price was not disclosed.
Zayo has a 126,000-mile network in North America and Europe that the company has assembled, in no small part, through acquisitions. The company offers services such as wavelengths, Ethernet and dedicated internet access to enterprise customers.