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Zayo +2.5% amid European deal from webscale customer

Nov. 21, 2018 10:20 AM ETZayo Group Holdings, Inc. (ZAYO) StockBy: Jason Aycock, SA News Editor1 Comment
  • Zayo Group (NYSE:ZAYO) is up 2.5% this morning after winning business in Europe from a major webscale company.
  • Zayo will provide a wavelength solution for capacity between two of the customer's data centers, on a direct route owned and operated by Zayo.
  • That will leverage assets from Zayo's acquisition of Viatel operations a few years back.
  • Owned infrastructure was key to the deal, the company says. “In this case, our longstanding customer needs terabytes of throughput on a direct route,” says Transport President Randy Dunbar.

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