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MarketScreener Homepage  >  Equities  >  Nyse  >  Zayo Group Holdings Inc    ZAYO

ZAYO GROUP HOLDINGS INC

(ZAYO)
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Zayo : Technology Company Selects Zayo for Dark Fiber

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01/11/2019 | 09:01am EDT

A global technology company has selected Zayo for a dark fiber solution to connect key markets nationwide. The high-count fiber solution will be deployed in an accelerated time frame, tailored to the customer’s specific requirements.

The contract represents one of the larger long haul dark fiber contracts of 2018.

The solution leverages thousands of miles of Zayo’s extensive dark fiber networks across multiple regions in the U.S., including the recently announced Columbus, Ohio to Ashburn, Virginia and Dallas, Texas to Atlanta, Georgia routes.

“Zayo’s extensive owned dark fiber was a significant competitive advantage in winning this business,” said Phil Mottram, chief customer officer at Zayo. “The company needed the ability to manage their own network that could scale to accommodate continued growth -- and dark fiber is the ideal solution. It’s an excellent illustration of leveraging our embedded Zayo network for the benefit of this important customer.”

For more information about Zayo, please visit zayo.com.

About Zayo Group

Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications infrastructure solutions, including fiber and bandwidth connectivity, colocation and cloud infrastructure to the world’s leading businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. Zayo’s 130,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers. In addition to high-capacity dark fiber, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud infrastructure in its carrier-neutral data centers. Zayo provides users with flexible, customized solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth. For more information, visit zayo.com.

Forward Looking Statements

This press release contains a number of forward-looking statements. Words, and variations of words such as “believe,” “expect,” “plan,” “continue,” “will,” “should,” and similar expressions are intended to identify our forward-looking statements. No assurance can be given that future results expressed or implied by the forward-looking statements will be achieved and actual results may differ materially from those contemplated by the forward-looking statements. These forward-looking statements involve risks and uncertainties, many of which are beyond our control. For additional information on these and other factors that could affect our forward-looking statements, see our risk factors, as they may be amended from time to time, set forth in our filings with the SEC, including our 10-K dated August 24, 2018. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.


© Business Wire 2019
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Financials ($)
Sales 2019 2 563 M
EBIT 2019 547 M
Net income 2019 138 M
Debt 2019 5 853 M
Yield 2019 -
P/E ratio 2019 47,50
P/E ratio 2020 33,86
EV / Sales 2019 4,85x
EV / Sales 2020 4,69x
Capitalization 6 567 M
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Number of Analysts 18
Average target price 34,6 $
Spread / Average Target 24%
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Managers
NameTitle
Daniel Philip Caruso Chairman & Chief Executive Officer
Matt Steinfort Chief Financial Officer
Sandi Mays Chief Information & Customer Experience Officer
John F. Waters CTO & President-Network Solutions
Richard W. Connor Independent Director
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