Zayo Group (ZAYO) Posts Q1 Loss of 6c/Share

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

Cowen reiterated an Outperform rating on Zayo Group Holdings (NYSE: ZAYO), and raised the price target to $37.00 (from $36.00), following the company's 1Q earnings report. Total revenue was $366.8MM vs. the Street's $368.9MME. The company has a record backlog and is seeing a few large deals... More

Zayo Group (ZAYO) Announces Updated Organizational Structure, New Management Appointments

Zayo Group (NYSE: ZAYO) 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 Caruso, chairman and CEO of Zayo. Over the past eight years, weve grown from a start-up to an almost $1.5 billion revenue bandwidth infrastructure leader. These changes will accelerate our... More

Zayo Group (ZAYO) to Acquire Viatel in EUR 95M Deal

Zayo Group (NYSE: ZAYO) 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 via an 8,400 kilometer fiber network... More