Expansion increases network footprint for major wireless carrier
Zayo Group Holdings, Inc. (NYSE: ZAYO), the global leader in Communications Infrastructure, today announced that the company will provide fiber-to-the-tower (FTT) to 78 new towers in Indiana to serve a major wireless carrier customer. The towers will be located on 234 new network miles south and west of Indianapolis and connect a corridor to Louisville, Kentucky. The sale will also leverage 350 miles of fiber that is already in place to create a diverse ring in this growing region.
Because it is able to leverage in-place network, Zayo expects this customer contract to result in a strong return on the incremental $14M capital investment required to construct the additional 234 route miles of fiber network. Additionally, Zayo expects to use the newly constructed network to serve additional wireless tenants, plus provide fiber-based services to non-wireless customers such as universities, school districts, hospitals and content providers.
Indianapolis and the surrounding area has a strong base of financial service, insurance, technology and healthcare businesses, in addition to several state and private universities.
“Zayo has a successful history of leveraging assets and capital associated with signed customer contracts,” said Jacob Fuller, vice president of Zayo’s Mobile Infrastructure segment. “Our extensible network will have the capacity to not only provide FTT infrastructure for one of the nation’s leading wireless carriers, but also the fiber capacity to support services to additional mobile operators and other customers in need of high-bandwidth solutions.”
Zayo’s FTT solutions are addressing wireless carriers’ requirements for scalable, high-capacity infrastructure. After this expansion, Zayo will have approximately 8,200 towers, including those under construction and those already connected to its fiber network.