Zayo Group (ZAYO) to Acquire Viatel in EUR 95M Deal
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Zayo to Acquire Viatel
November 10, 2015 7:21 AM ESTAcquisition 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 ESTFirst 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
