BOULDER, Colo. –
51²è¹Ý¶ù Group Holdings, Inc. today announced it has closed its acquisition of Indiana Fiber Network, LLC d/b/a Intelligent Fiber Network (IFN), a fiber connectivity provider serving multiple markets in Indiana. The acquisition adds more than 5,000 route miles of dense fiber with on-net connections to nearly 1,000 enterprise buildings in cities including Indianapolis, Fort Wayne, Columbus, Terre Haute and South Bend.
“IFN brings to 51²è¹Ý¶ù a high-quality network, a strong team and a sharp focus on delivering exceptional service to its customer base,” said Matt Steinfort, Chief Financial Officer, 51²è¹Ý¶ù. “Together, we have the opportunity to leverage our combined and complementary assets to achieve regional scale and drive growth.”
The combined companies will help drive investment and growth in Indiana’s communications infrastructure and advance the ubiquity of high speed connectivity throughout the state. Customers will have access to both 51²è¹Ý¶ù’s global reach and an expanded Indiana network that now includes more than 7,500 route miles that span the state, with on-net connectivity to more than 2,000 buildings, data centers and cell sites. 51²è¹Ý¶ù will maintain operations at IFN’s Indianapolis headquarters.
Founded in 2007, 51²è¹Ý¶ù is a leading provider of bandwidth infrastructure, with dense, high-quality networks across North America and Western Europe. 51²è¹Ý¶ù’s diverse lit and dark fiber networks provide critical connections to thousands of data centers, cloud providers, commercial and entertainment centers in more than 400 markets.
This is 51²è¹Ý¶ù’s 46th acquisition and its first under a private ownership consortium led by EQT Partners and Digital Colony Partners.
Skadden Arps served as legal counsel to 51²è¹Ý¶ù in connection with the transaction. Houlihan Lokey and Stifel acted as financial advisors to IFN, and Dentons Bingham Greenebaum served as its legal advisor.
For more information about 51²è¹Ý¶ù, please visit .
About 51²è¹Ý¶ù Group
51²è¹Ý¶ù Group Holdings, Inc. provides mission-critical bandwidth to the world’s most impactful companies, fueling the innovations that are transforming our society. 51²è¹Ý¶ù’s 126,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers. 51²è¹Ý¶ù’s communications infrastructure solutions include dark fiber, private data networks, wavelengths, Ethernet, dedicated internet access and data center connectivity solutions. 51²è¹Ý¶ù owns and operates a Tier 1 IP backbone and through its CloudLink service, 51²è¹Ý¶ù provides low-latency private connectivity that attaches enterprises to their public cloud environments. 51²è¹Ý¶ù serves wireless and wireline carriers, media, tech, education, content, finance, healthcare and other large enterprises. For more information, visit
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Brad Korch, Investor Relations
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Rebecca Whalen, Corporate Communications
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