Also got this email today (we're a customer):
Today, Zayo announced that the company has entered into a definitive agreement to be acquired by two private equity firms: Digital Colony and EQT Infrastructure. When it is closed, the transaction will result in Zayo transitioning from a public company to a private company. Otherwise, Zayo will remain focused on providing mission-critical bandwidth to the world’s most innovative companies.
Over the past two quarters, the possibility of Zayo being acquired was the topic of much chatter. The message I heard from our customers was “please don’t change what you do or how you do it.” Our customers emphasized their desire that we continue to focus on infrastructure, lean into investments and provide exceptional solutions and service. Most importantly, our customers wanted assurance that we would retain the talent and passion of the Zayo team. Under the proposed new ownership, the Zayo team will continue this journey.
EQT and Digital Colony share our vision that Zayo’s Fiber Fuels Global Innovation. Both are experienced global investors in the Communications Infrastructure space. They are investing in Zayo because they appreciate our extraordinary fiber infrastructure assets, our highly talented team and our marquee customer base. We are confident this partnership will allow Zayo to accelerate its growth and strengthen its industry leadership.
Our top priority is providing our customers with innovative solutions and excellent service over our 130,000-mile fiber network, tier one IP backbone and 51 data centers. Please reach out to us via email [here](mailto:tranzact@zayo.com) or at 866.364.6033 if you need assistance with your existing services or if you are interested in additional solutions. This proposed ownership change will not affect contracts, service levels, billing or pricing.
The transaction is expected to close during the first half of 2020, following a shareholder vote and customary regulatory approvals. Until this happens, Zayo will continue to operate independently and as a public company.
Zayo has an exceptional track record, strong balance sheet and consistent, positive cash flow. This transaction is about making a strong business even better -- we will continue to focus on ways we can improve our customer experience and our effectiveness and efficiency.
Please don’t hesitate to reach out to your account team or anyone on the executive team if you have questions.
From everyone at Zayo, thank you for supporting Zayo over the 12 years since our inception in 2007 and for trusting us with your mission critical business.
Best regards,
Annette MurphyCCO, Zayo Group
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