First Communication is a portfolio company of private equity firm Gores Group and New York-listed utility FirstEnergy.
Zayo Group, a US-based provider of telecom equipment services, has agreed to buy First Telecom Services for $110m in order to expand its network.
First is a portfolio company of private equity firm Gores Group and New York-listed utility FirstEnergy.
The deal follows July’s closure of Zayo’s $3.3bn equity and debt refinancing of the company as part of its earlier purchase of AboveNet.
Zayo shareholders include venture capital (VC) firms Battery Ventures, Bridgescale Partners, Centennial Ventures, Charlesbank Capital Partners, Columbia…
