Zayo Group has entered into an agreement to acquire Intelligent Fiber Network (IFN) which provides fiber-based connectivity solutions to over 400 customers, operates a 5,000 route-mile network across multiple markets in Indiana.
Zayo Group is a global provider of bandwidth infrastructure services, including dark fiber, live video, wavelengths, SONET, Ethernet, IP services and carrier-neutral colocation and interconnection.
Zayo expects to close the transaction during the second half of 2021, subject to customary regulatory approvals and closing conditions. Skadden Arps is serving as legal counsel to Zayo in connection with the transaction. Houlihan Lokey and Stifel are acting as financial advisors to IFN, and Dentons Bingham Greenebaum is serving as its legal advisor.
Matt Steinfort, chief financial officer, Zayo
IFN brings to Zayo another unique and dense regional fiber network and a dedicated local team that excels in serving its customer base.
Jim Turner, chief executive officer, IFN
Together, the combined companies will help drive investment and growth in Indiana’s communications infrastructure and advance the ubiquity of high speed connectivity throughout the state.
