Intelligent Fiber Network (IFN) has entered into a definitive agreement to be acquired by Zayo Group Holdings. IFN, which is currently owned by 21 Indiana-based telcos and one rural electric cooperative, provides fibre-optic backbone capabilities for its owners as well as to other telecoms providers and customers including hospitals, schools and government facilities. IFN’s network consists of more than 5,000 route miles of fibre across more than 60 Indiana markets, including Indianapolis, Fort Wayne, Columbus, Terre Haute and South Bend. The transaction is expected to close during the second half of 2021, subject to customary regulatory approvals and closing conditions.
Formed in 2007, Zayo is a leading provider of fibre infrastructure in North America and Europe. Its 126,000-mile network includes extensive metro connectivity to thousands of buildings and data centres across both continents. The acquisition of IFN will further densify its Midwest US network.