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Toronto is the largest financial centre in Canada with nearly three-quarters of the region’s financial services workforce calling Toronto home.
Founder and Editor, The Tech Capital
December 09, 2021 | 12:00 AM GMT
Zayo Group Holdings, Inc. said it plans to invest in the expansion of its network infrastructure in Toronto, Ontario.
The Canadian city is ranked as one of the top five global capitals for finance, ease of doing business, innovation, and quality of intellectual capital, Toronto demands and drives global network expansion.
To meet growing demand for connectivity, Zayo said it will build more than 140 kilometres of new fibre routes in the Greater Toronto Area by the end of 2022.
The expansion is the first of several network enlargements Zayo expects to undertake in Toronto in the coming years.
Roger Brulotte, Principal – General Manager (Canada) at Zayo Group, said: “Toronto continues to lead and support key business sectors both nationally and globally, accelerating the need for reliable connectivity solutions.
“Zayo is committed to supporting the fast-paced growth of Toronto’s diverse industries and the connectivity essential to our clients’ growth and success.”
Toronto is the largest financial centre in Canada with nearly three-quarters of the region’s financial services workforce calling Toronto home, according to the mayor’s office.
The city also making up 38% of Canada’s business headquarters and 18.5% of Canada’s GDP, according to Toronto Global.
Toronto is Canada’s technology hub, currently ranked third in size in North America, and rapidly growing.
Toronto Mayor, John Tory, said: “The Toronto Region relies on accessible, high-quality connectivity infrastructure to support our key sector needs. We appreciate our partnership with Zayo and look forward to the opportunities that these network expansion projects will bring to the Greater Toronto Area.”
Zayo’s fibre footprint in the Toronto area currently connects more than 100 data centres and 1,400 buildings.
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