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Verizon’s fiber build could be an upside for Dycom and Zayo

May 5, 2017

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Verizon’s three-year, $1 billion agreement to purchase up to 12.4 million miles of fiber from Corning could provide new opportunities could for fiber construction company Dycom while motivating Zayo Group to be even more aggressive with new fiber expansions.

Jennifer Fritzsche, senior analyst for Wells Fargo, said in a research note that the build could be risky for RLECs (rural local exchange carriers), a positive to fiber “arms dealers” like Dycom, and somewhat of an unknown or more positive catalyst for fiber network owners Zayo and Crown Castle.

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