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One thing I've heard about Zayo is that their route map is kind of a mess because they've been cobbled together by so many acquisitions. Have you heard that?

If you look at the history of Zayo and their acquisitions, they bought a lot of really small regional fiber providers. There's not a lot of big nationwide fiber plant behind them. Whereas Lumen picked up the CenturyLink dark fiber, the Level 3 dark fiber, and even the legacy Global Crossing dark fiber. They're a lot more contiguous. The fiber runs are more seamless, meaning you don't jump from one legacy fiber type to another, unlike with Zayo. And that's definitely something that if Cogent has one contiguous fiber plant, they can use to their advantage.

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