Summary Bullets:

• Zayo has snapped up Crown Castles fiber business for $4.25 billion. The company will add 90,000 of fiber miles to its network, increasing its reach to more than 70,000 on-net locations.
• The acquisition boosts Zayo fiber infrastructure capabilities to support its growth in artificial intelligence (AI), while allowing Crown Castles to focus on its tower business.

Zayo Group, backed by two capital investment firms, DigitalBridge and EQT, has struck a deal with Crown Castle to acquire the company’s fiber solutions business for $4.25 billion. The acquisition will bolster Zayo’s capabilities in wavelength services, helping the company execute its strategic focus on investing in the critical fiber infrastructure to support the growth of AI data traffic across the US. The Crown Castle metro-focused assets will significantly improve Zayo’s long-haul network coverage, adding 44,000 on-net buildings, 40,000 towers, and 1,100 data centers, points of presence (PoPs), and central offices. This acquisition will strengthen Zayo’s ability to deliver reliable, low-latency, high-capacity fiber solutions to businesses and service providers as the demand for cloud and AI-driven connectivity continues to rise. With the US fiber market being hypercompetitive, network connectivity providers must review their fiber network infrastructure to ensure they can support the increased demand for bandwidth and capacity to compete in an AI-driven market.

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