Cowen Reiterates Outperform on Zayo Group (ZAYO) Following 1Q

Zayo Announces Organizational Changes

November 10, 2015 7:27 AM EST

New organizational structure to drive global growth

BOULDER, Colo.--(BUSINESS WIRE)-- Global bandwidth infrastructure provider Zayo Group Holdings, Inc. (Zayo or the Company) (NYSE: ZAYO) today announced organizational and leadership changes that will enable Zayo to intensify focus in key strategic areas and continue to accelerate global growth. Zayo will reorganize along two principal operating units: Strategic Business Segments, reporting to co-COO Chris Morley, and Global Sales and Customer Success, reporting to co-COO Matt Erickson.

Todays announcement represents the next step in Zayos evolution, said Dan... More

Zayo to Acquire Viatel

November 10, 2015 7:21 AM EST

Acquisition to cement Zayo as a leading Pan-European infrastructure provider

LONDON--(BUSINESS WIRE)-- Zayo Group Holdings, Inc. (Zayo) (NYSE: ZAYO), a leading provider of bandwidth infrastructure and network-neutral colocation and connectivity services, today announced it has entered into a definitive agreement to acquire Viatels infrastructure and non-Irish enterprise businesses. Viatel is a wholly owned subsidiary of the Digiweb Group, a full service telecommunications and managed services operator, based in Dublin, Ireland. The purchase price is approximately 95 million.

The Viatel acquisition will provide Zayo with Pan-European intercity and metro fiber capability... More

Zayo Group Holdings, Inc. Reports Financial Results for the First Fiscal Quarter Ended September 30, 2015

November 10, 2015 7:01 AM EST

First Fiscal Quarter 2016 Financial Highlights

Zayo Group generated quarterly revenue of $366.8 million, a $4.9 million increase from the previous quarter, representing 5% annualized sequential growth; Adjusted EBITDA for the first fiscal quarter was $215.4 million, which was $4.5 million higher than the prior quarter, representing 9% annualized sequential growth; Net loss for the first fiscal quarter was ($15.2) million, which was $20.3 million lower than the prior quarters net income of $5.1 million; Basic and diluted net loss per share during the first fiscal quarter was ($0.06).

BOULDER,... More

Zayo Announces the Waiver of Stockholders Agreement Restrictions and a Share Repurchase Program

November 10, 2015 7:01 AM EST

Effective November 16, 2015, Transfer Restrictions Waived on 156 Million Shares
$500 Million Share Repurchase Program Approved by Zayo's Board

BOULDER, Colo.--(BUSINESS WIRE)-- Zayo Group Holdings, Inc. (Zayo or the Company) (NYSE: ZAYO), a global provider of bandwidth infrastructure, today announced that the parties to the Stockholders Agreement dated October 22, 2014 and amended September 18, 2015 have agreed to waive the remaining transfer restrictions on approximately 156 million shares effective November 16, 2015.

In conjunction with this waiver, Zayos Board of Directors has authorized a $500 million, six month share repurchase program designed to mitigate... More