Zayo buys Citynet wholesale unit

Citynet Fiber Services to join with Zayo Bandwidth under company restructuring

Zayo Group continued its buying ways, announcing Thursday it has acquired the wholesale unit of Citynet, the Tulsa, Okla.-based service provider. Citynet Fiber Services has 8500 route miles of fiber covering 57 Tier 1, 2 and 3 markets in 10 states.

This is the sixth acquisition for Zayo, which earlier this year announced a strategy of building itself into a broadband force in underserved markets by acquiring underused or distressed fiber properties. Citynet Fiber Services will become part of Zayo Bandwidth, one of three operating units the company established in a reorganization announced last month.

“CFN’s network compliments our existing metro and regional networks by increasing our fiber footprint in the Mid-Atlantic and Midwest regions,” said Dan Caruso, CEO of Zayo Group, in a prepared statement. “CFN has an excellent customer service, installation and maintenance reputation and we look forward to combining the best practices and capabilities of both companies.”