8. Zayo To Buy Intelligent Fiber Network
Communications infrastructure provider Zayo Group Holdings Inc. went on an acquisition tear a few years ago, but then took time off to restructure when it faced challenges in the crowded fiber market. The company jumped back into the M&A space in March when it revealed plans to buy Intelligent Fiber Network (IFN).
For an undisclosed sum, Zayo is set to be the owner of IFN, which operates a 5,000 route-mile network serving some 400 customers primarily within Indiana. The deal will add another 1,000 on-net buildings to Zayo’s footprint across Indiana, according to the two companies.