Zayo Announces Plans to Separate into Two Public Companies, one focused on Communications Infrastructure and one on Enterprise Services
ZAYO GROUP HOLDINGS INC (ZAYO)
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Source: Business Wire
Zayo Infrastructure: a leading fiber-focused infrastructure provider in North America and Europe EnterpriseCo: a leading high bandwidth focused enterprise service provider Separation expected to be executed through taxable spin in late 2019 BOULDER, Colo.--(BUSINESS WIRE)-- Zayo Group Holdings, Inc. (NYSE: ZAYO) today announced it plans to separate into two publicly traded companies: one to focus on providing core communications infrastructure and another to leverage infrastructure to provide solutions for a broad set of enterprise customers. Zayo Infrastructure, “InfraCo,” will be a unique, fiber-focused infrastructure provider with deep, dense networks and broad geographic reach throughout North America and Western Europe. “EnterpriseCo” will have a strong product portfolio and customer base centered on higher bandwidth connectivity to enterprise locations,
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