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ZAYO - Buyout Firms Download Promising $14 Billion Data Deal
Zayo Group Holdings Inc.
By Breakingviews
Buyout firms EQT and Digital Colony Partners have downloaded a promising $14 billion data deal. They are buying serial acquirer Zayo ([[ZAYO]]) on the cheap. The fiber and data center firm's subdued growth and hefty need for capital made for an uncomfortable five-year ride as a public company. A brighter future, helped by 5G growth, awaits as a private firm.
At the turn of the millennium, companies like WorldCom, Global Crossing and a slew of smaller firms went on an investment rampage laying fiber-optic cable to transmit data. The result was a tsunami