Caruso stated: “Whereas Zayo’s enterprise as we speak is organized as 5 autonomous segments, the complexities of those companies have made it tougher to realize our progress goals. By fully separating the infrastructure and enterprise companies, we’ll allow extra centered execution inside every enterprise, resulting in enhanced progress and unlocking worth.”
The spin-off will divide the corporate into two companies – EnterpriseCo and InfraCo – the latter being a brief title, pending a doable conversion into an actual property funding belief (REIT).
EnterpriseCo will handle Zayo’s networking segments, Enterprise Networks and Allstream, in addition to its Ethernet and SONET divisions, whereas InfraCo will merge the corporate’s Fiber Options and zColo – the corporate’s knowledge heart and colocation enterprise. Current shareholders will obtain inventory in each of the businesses.
Zayo’s fiber community spans 204,370 route kilometers (126,990 route miles), connecting 1,100 knowledge facilities and greater than 35,000 buildings within the Americas, Europe, the Center East, and APAC. The corporate additionally runs greater than 60 colocation knowledge facilities worldwide.