Dec 3 2009
Zayo Bandwidth, a regional provider of fiber-based bandwidth infrastructure solutions for carrier, enterprise and government customers, announced today that it has committed $65 million in its capital expenditure program for FY 2010.
Allocated funds will be used for the expansion of Zayo's fiber networks and service capabilities in support of customer driven solutions.
"While many bandwidth and infrastructure providers are cutting spending, we feel fortunate to have investor commitment to continue our rapid organic growth while at the same time supporting our customers' growing bandwidth requirements," stated Christopher Morley, CFO for Zayo Bandwidth.
Zayo spent $45 million in FY 2009 on network expansion and added over 400 buildings across its dense fiber footprint. 75% of that capital expense was deployed in direct support of customer bandwidth requirements.
Zayo's new capital program will ensure that it can continue to add strategic buildings and extend network capabilities for its customers in the coming year. Expansion is anticipated in: Tier 3-5 markets, Wireless Towers and Mobile Switching Centers, Mission Critical Data Centers, and Media Hubs to enable transport connectivity back to major carrier hubs and internet backbone on-ramps in major metro areas for customers across the U.S.
Source: http://www.zayo.com/bandwidth