In The News
Citynet sells 300 route miles of fiber optic transmission lines to the Zayo Group
09/29/08
Bridgeport, WV: Jim Martin, President/CEO of Bridgeport, WV based Citynet announced today the sale of 300 route miles of fiber optic transmission lines to the Zayo Group based in Louisville, Colorado. These assets include fiber in the communities of: Phoenix, AZ; Cincinnati, OH; Dallas, TX; Chicago, IL; San Antonio, TX, and the tri-cities area in Tennessee.
“This sale is a win-win for both companies. This transaction gives Zayo entrance into new markets while providing Citynet with additional financial resources to be used towards aggressively expanding our core business in the Tier 2 and Tier 3 markets that we currently serve.” said Jim Martin, President/CEO, Citynet.
Frank Boscarillo, COO, Citynet, added “The sale of these non-core business assets represents Citynet’s corporate culture of concentrating on our core business, and our desire of being “The” provider of full service, telecommunications and network support services.”
Recently, Citynet announced the purchase of a new operations center building in downtown Charleston, WV, and the expansion of services in markets in West Virginia and Ohio.
About Citynet
Citynet is a growing regional, full service provider of communications services including voice, data, internet, network managed services, and Digital Telephone Service. The company specializes in single source, high speed communications services in the markets they serve. A one-stop-shop, Citynet offers products and services from the circuit to the desktop for small and medium businesses, along with internet access and Digital Phone Service to business and residential customers. For more information see (www.citynet.net.
About Zayo Group
Based in Louisville, Colo., Zayo Group (www.zayo.com) is a regional provider of telecom services – including bandwidth, voice and managed services – to carrier, enterprise, SME and government customers. Zayo Group provides its service over a fiber network that spans 125 markets in 20 states. Zayo Group consists of three complimentary business units, Zayo Bandwidth, Zayo Managed Services and Onvoy Voice Services.
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