ZAYO - Zayo: Reorg Drives Fundamentals Potential Buyout Offers Optionality
Zayo Group (ZAYO) had a decent 2Q19 with revenues and EBITDA both meeting consensus while margins slightly beating consensus. These results were fueled by ZAYO recording its second-best ever net bookings as a result of its new organization plan. Also, the company stated that it will not look to separate the group into two separate public companies; instead, it will break up the enterprise business with parts going into the core network business, zColo business, and Allstream.
Plus, there have been reports suggesting buyout offers from private equity firms, especially after the rejection