Swedish EQT and US Digital Colony Partners have agreed to buy fibre network owner Zayo in a deal valued at USD 14.7 billion, reports the Dagens Industri newspaper. Zayo’s network stretches 130,000 miles (210,000km) in North America and Europe.
EQT partner Lennart Blecher has said the transaction is the largest announced in the firm’s 25-year history.
EQT raised EUR 9 billion in its Infrastructure IV fund earlier this year and Blecher believes EQT is a logical buyer of Zayo, with the fund’s focus on fibre networks. Even if EQT owns similar companies, he does not consider there is any risk of the competition authorities stopping the deal.
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