AtlantaNAP to be sold to zColo (Zayo)

Discussion in 'Industry News' started by drmike, Jun 4, 2014.

  1. drmike

    drmike 100% Tier-1 Gogent

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    BREAKING NEWS

    The ever-popular southeast USA hub in Atlanta (AtlantaNAP) is in the process of changing hands.

    GNAX seems to have a quite a big build out in Atlanta http://gnax.net/data_centers/atlantanap.html.  They also operate in Dallas, Texas.

    The buyer of AtlantaNAP is reported to be zColo, a subsidiary of Zayo, the rapidly growing bandwidth company.

    Folks will remember zColo and Zayo with their stealthy acquisition of CoreXchange in Dallas, Texas:



    This comes a few weeks after their long time CTO Marty Snella resigned and amendment of Zayo's credit agreement to include $275 million in new add-on to its financing.
     
  2. drmike

    drmike 100% Tier-1 Gogent

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    About that $275 million financing in May:

     
  3. Francisco

    Francisco Company Lube Verified Provider

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    Jesus Christ.

    I wonder if they sold the dedicated business as well or if it's just the facility?

    Maybe they'll buy Burstnet next :p

    Francisco
     
  4. drmike

    drmike 100% Tier-1 Gogent

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    Maybe they'll buy Burstnet next :p

    No one wants the tattered remains of BurstNet.  Zayo is WAY smarter than that.  <---

    Considering the price of the UK buy ($250~ million USD), pretty sure that deal included physical real estate in addition to fiber, gear, customers, etc.

    The UK deal also included at least partial ownership of sea fiber serving Dublin and Wales.  Cogent was a partner in that build out.
     
  5. coreyman

    coreyman Active Member Verified Provider

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    zColo is just buying up tons of stuff.
     
  6. concerto49

    concerto49 New Member Verified Provider

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    It's not just zColo. Zayo is in general. They've already got more dark fiber and a few companies in Europe lately for transit.
     
  7. coreyman

    coreyman Active Member Verified Provider

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    Why do companies always brag about dark fiber... it's fiber that's not lit up yet... why do we care as long as they can get new lines ran in a timely manner anyway?
     
  8. Wintereise

    Wintereise New Member

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    We care because it represents definite possibilities for future capacity upgrades in those locations.

    Risk analysis performed by any serious businesses in those specific regions would want to know, and will ask that specific question.
     
    drmike and HalfEatenPie like this.
  9. drmike

    drmike 100% Tier-1 Gogent

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    Dark fiber matters because the installation and fiber is already there.  It's basic small dollars to light dark strands, slap the router and other network stuff in place and now running more bandwidth.

    If dark fiber or lit isn't available somewhere, well good luck getting service for business at high speeds.  Rolling fiber out per mile and all the government crap and payouts due really ads up.

    Now, similarly, a lot of cities have private owners who are squatting on fiber loops around the metro and priced insanely high.  Really bad issue made worse in some places where you can't even get fiber from someone else - they have a monopoly on the stuff.
     
  10. coreyman

    coreyman Active Member Verified Provider

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    Ahh okay I see.
     
  11. Francisco

    Francisco Company Lube Verified Provider

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    drmike likes this.
  12. drmike

    drmike 100% Tier-1 Gogent

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    Glad someone is re-posting in essence on WHT.... I haven't seen any public confirmation yet, people are being quiet on this deal.
     
  13. Francisco

    Francisco Company Lube Verified Provider

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    Check his signature.

    He has service in AtlantaNAP so it's likely he got sent it by his account rep/owners.

    Francisco
     
  14. MarkTurner

    MarkTurner New Member Verified Provider

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    GNAX Atlanta has been up for sale for a long time. They were soliciting offers in late 2012.

    This is not unexpected.
     
  15. drmike

    drmike 100% Tier-1 Gogent

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    Well darn near a month since I put this info out....  vpsBoard with the breaking news nearly a month before the press...

    This was posted on WHT earlier: