Zayo Finalizes Buy of Allstream

Zayo completed its $465 million Canadian ($320 million) acquisition of Allstream, Zayo said in a news release Friday. The purchase added "more than 18,000 route miles" to Zayo's fiber network, including 12,500 miles of long-haul fiber and 5,500 route miles of metro fiber network, Zayo said. It said Allstream and its assets will be reorganized into two business units -- Zayo Canada, and a unit maintaining the Allstream name that includes Allstream's voice, unified communications and small enterprise businesses.