Zayo Buying 360networks

Zayo Group has agreed to buy 360networks, a provider of fiber network and telecom services. 360networks operates over 18,500 route miles of intercity and metro fiber network as well as over 800 route miles of metropolitan fiber network, mostly west of the Mississippi and in British Columbia. Zayo provides fiber-based bandwidth infrastructure and network-neutral colocation and interconnection services. The company is backed by several investors including PE firm Charlesbank Capital Partners.