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Metromedia Fiber Network
AboveNet was a provider of high bandwidth telecommunication circuits primarily for large corporate enterprises and communications carriers in 17 markets in the United States and 4 markets in Europe. Its private optical network delivered key network and IP services and was used in financial and legal services, media, health care, retail, and government. The company was formerly named Metromedia Fiber Network and changed its name to AboveNet in 2003 after emerging from bankruptcy. Before its bankruptcy in 2002, the company was financially backed by John Kluge and Verizon. In 2012, the company was acquired by Zayo Group for $2.2 billion in cash. History The company was founded in 1993 as AboveNet, by foundeSherman Tuan It initially focused 'one-hop' internet connectivity and providing dark fiber to communications carrier customers in the U.S. and Europe. In 1997, the company changed its name to Metromedia Fiber Network. In 1999, Metromedia acquired Abovenet Communications, inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zayo Group
Zayo Group Holdings, Inc., or Zayo Group, is a privately held company headquartered in Boulder, Colorado, U.S. with European headquarters in London, England. The company provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure. Zayo's primary customer segments include wireless carriers, national carriers, ISPs, enterprises and government agencies. Zayo Group was built largely through acquisitions; it took over thirty companies from 2007 to 2014, including AboveNet and 360networks. An initial public offering of stock raised $600 million in 2014. In May 2019, Zayo Group agreed to be acquired by global investment firms EQT Partners and Digital Colony Partners in a deal valued at $14.3 billion. Founding and acquisition history Zayo was founded in 2007 by Dan Caruso and John Scarano as a Delaware corporation. In 2007, Zayo acquired Memphis Networx, VoicePipe, Onvoy Inc, PPL Telcom and Indiana Fiber Works. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
