M&A Deal Summary

Verizon Communications Acquires XO Communications - Fiber Business

On February 22, 2016, Verizon Communications acquired communications company XO Communications - Fiber Business from XO Communications for 1.8B USD

Acquisition Highlights
  • This is Verizon Communications’ 7th transaction in the Communications sector.
  • This is Verizon Communications’ 10th largest (disclosed) transaction.
  • This is Verizon Communications’ 15th transaction in the United States.

M&A Deal Summary
Date 2016-02-22
Target XO Communications - Fiber Business
Sector Communications
Buyer(s) Verizon Communications
Sellers(s) XO Communications
Deal Type Divestiture
Deal Value 1.8B USD

Target

XO Communications - Fiber Business

United States
XO Communications - Fiber Business is a fiber-based IP and ethernet networks for enterprise and wholesale customers.

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Buyer(S) 1

Buyer

Verizon Communications

New York, New York, United States
Category Company
Founded 1983
Sector Communications
Employees104,400
Revenue 134.0B USD (2023)
DESCRIPTION
Verizon storefront in New York City.
Verizon storefront in New York City.

Verizon Communications is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon Communications was founded in 1983 and is based in New York City.

DEAL STATS #
Overall 15 of 35
Sector (Communications) 7 of 14
Type (Divestiture) 2 of 4
Country (United States) 15 of 33
Year (2016) 1 of 9
Size (of disclosed) 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 Cybertrust

Herndon, Virginia, United States

Cybertrust provides large enterprises and governments around the world with a suite of security products and services to address their vulnerability detection and prevention, identity management, risk management, and compliance needs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-18 Complex Networks

New York, New York, United States

Complex Networks champions the people, brands, and new trends needed to know now, will obsess over next, and builds consumer universes around them. The company was formed from the acquisition of Complex Media Inc. through a joint venture by Verizon and Hearst, creates and distributes original programming with premium distributors including Netflix, Hulu, Turner, Corus, Facebook, Snap, Fuse, Pluto TV, Roku, and more. Its content spans across the music to movies, sports to video games, fashion to food, and more. Complex Networks was formed in 2002 and is based in New York, New York.

Buy -

Seller(S) 1

SELLER

XO Communications

Bellevue, Washington, United States
Category Company
Sector Communications
DESCRIPTION

National facilities-based provider of broadband communications services.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-05 Allegiance Telecom

Dallas/Fort Worth Area, Texas, United States

Allegiance Telecom was launched as a competitive local exchange carrier (CLEC) to take advantage of the market opportunities created by the passage of the 1996 Telecommunications Act. It focused on serving small- to mid-sized businesses in major U.S. cities.

Buy -
Mergr

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Company

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