Zayo's Caruso: Verizon's XO fiber acquisition won't change things much [telecom]

By Sean Buckley

Zayo Group is aware that the fiber provider industry is consolidating around it -- a trend that it has helped lead since being founded in 2007

-- but the fiber provider is not afraid of Verizon's (NYSE: VZ) recent purchase of XO Communications' fiber network.

Speaking to investors during the J.P. Morgan Global High Yield & Leveraged Finance Conference, Dan Caruso, CEO of Zayo, said that the acquisition won't cut into its business.

"I don't think it will change things much, and obviously they just closed on the deal," Caruso said. "The ark of consolidation has been a theme of Zayo from the very beginning that the fiber industry was going to consolidate over the next ten years and we want to be one of the large providers at the end of that consolidation."

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Bill Horne
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