zColo by Zayo
zColo by Zayo
Telecommunication Service Provider
Telecommunication
Zayo Completes Sale of zColo’s US and UK Data Center Assets to DataBank. BOULDER, Colo. – Zayo Group Holdings, Inc. (“Zayo” or “the Company”) today announced that it has completed the previously announced sale of the company’s zColo data center assets in the U.S. and U.K. to DataBank. A second closing for zColo’s data centers in France is expected to be completed in the first quarter of 2021, subject to customary conditions and approvals. Customers stand to benefit from the combination of DataBank and zColo, with the extended footprint and capabilities providing new options for geographic diversity and new managed security, data protection, cloud and compliance enablement capabilities. Going forward, Zayo and DataBank expect to collaborate closely in bringing colocation solutions to Zayo’s fiber customers and network connectivity solutions to DataBank’s colocation and cloud customers. Zayo and DataBank will continue to be material customers of one another. “With the close of the zColo-DataBank transaction, Zayo is able to focus 100% of its attention on its core Network business and customers,” said Steve Smith, CEO of Zayo. “Today, Zayo has an unparalleled depth and breadth of fiber assets across the U.S., Canada and Western Europe through which it serves many of the world’s most impactful companies. The close of this transaction will allow us to take Zayo to the next level – better aligning our resources around network quality, customer service, innovative solutions and expanded reach.” J.P. Morgan is serving as financial advisor to Zayo Group in connection with the transaction and Skadden Arps is serving as legal counsel. DH Capital is acting as the financial advisor to DataBank, and Jones Day is serving as legal advisor.
