Zayo Infrastructure
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The upgrades have seen 500,000 fibre miles added to the network in first half of the year -
Marc Ganzi’s Digital Colony is a key member of a consortium that now has exclusive rights to bid for Zayo, say reports this morning.
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Phil Mottram, Zayo’s chief revenue officer since November 2017, has left the company to become a vice president at Hewlett Enterprise (HPE).
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Reports from the US say that bids for Zayo are due in next Friday, 12 April, with prices quoted as $32-$34 a share, valuing the company at almost $9 billion.
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Zayo has given the biggest hint yet that it will accept a bid for the company after one of its biggest shareholders condemned the company for its “management turnover, poor operating performance, and confusing strategic changes”.
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Zayo has turned down an acquisition offer from a private equity investor, and a hedge fund has urged CEO Don Caruso to sell the company, according to a number of reports.
Forthcoming events
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Rumours are continuing about the future of Zayo, with a leading US analyst telling investors that Google owner Alphabet would be an unlikely buyer.
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Zayo has received a bid from an unnamed private equity investor valuing the company at $8 billion, according to US reports.
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Annette Murphy joined Geo Networks a decade before Zayo bought it. Now head of Zayo in Europe, she talks to Alan Burkitt-Gray about how it is delivering growth
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Zayo Group has announced it plans to separate into two publicly traded companies, Zayo Infrastructure and EnterpriseCo, which is expected to complete in late 2019.
