1. Boulder's Zayo pays $293 million for Geo Networks' optical fiber

    Boulder's Zayo pays $293 million for Geo Networks' optical fiber

    Internet network consolidator Zayo Group paid roughly $293.5 million for its latest acquisition, London-based Geo Networks. The deal was announced last week, though the purchase price wasn't disclosed until Wednesday in a regulatory filing.

    Boulder-based Zayo said the acquisition will add over 2,100 miles to its fiber-optic network in Europe, connecting nearly 600 buildings. The deal was funded through a combination of cash and a portion of the company's $250 million revolving credit line.

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