Zayo is making a substantial $90 million investment in Tennessee aimed at enhancing the connectivity infrastructure for K-12 education and addressing the digital divide in underserved communities. The company, active in Tennessee for three decades, serves a majority of the state's school districts and sees this expansion as pivotal for bolstering the digital economy. The announcement follows Zayo's recent acquisition of Crown Castle's Fiber Solutions, valued at approximately $4.25 billion. This strategic move continues Zayo's commitment to growing its network and connectivity capabilities.
Zayo's $90 million investment in Tennessee is a testament to our continued commitment to bridging the digital divide and powering the state's future.
As the leading provider of managed network connectivity for Tennessee schools - serving 139 of the state's 147 districts - we understand the critical need for reliable, high-speed internet.
This investment will expand our network's reach, strengthen connectivity for K-12 education, and support the infrastructure needed for Tennessee's growing digital economy.
The acquisition will be paired with Zayo backer EQT's acquisition of Crown Castle's small cell business. The two transactions are valued at about $8.5 billion.
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