Midatlantic fiber optic network sold for $117 million

September 04, 2012

Zayo Group announced Tuesday that it has acquired FiberGate Inc. and its network of fiber optic lines stretching from Northern Virginia to Baltimore.

The $117 million purchase adds 399 new route miles and 130,000 fiber miles in the combined Washington, D.C./Baltimore metro areas to Zayo's network. FiberGate, based in Alexandria, Va., has been providing fiber optic services to the federal government, large enterprise and carrier customers for almost 17 years.

"As a result of the acquisition, we will have one of the most comprehensive fiber networks in the D.C. area of any provider," said Dan Caruse, CEO of Colorado-based Zayo.

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