Zayo Group closes on Electric Lightwave deal

BOULDER — Zayo Group Holding Inc. (NYSE: ZAYO) announced today that it closed on its acquisition of Electric Lightwave.

The deal closed on March 1 and was immediately integrated into Zayo’s operational performance, the company said in a presentation on the acquisition.

Zayo did not update what the deal closed for, but previous reporting listed that the agreement was for $1.42 billion.

With the acquisition, Zayo said it expects its total EBITDA to be about $1.33 billion by the end of the year and for its revenue to grow in the mid single digits. Adding Electric Lightwave is expected to help its colocation revenue grow in the high single digits.