Reuters logo
BRIEF-Zayo To Acquire Spread Networks
November 27, 2017 / 1:09 PM / in 15 days

BRIEF-Zayo To Acquire Spread Networks

Nov 27 (Reuters) - Zayo Group Holdings Inc:

* ZAYO TO ACQUIRE SPREAD NETWORKS

* ZAYO GROUP HOLDINGS INC - DEAL FOR ‍$127 MILLION IN CASH​

* ZAYO GROUP HOLDINGS INC- ‍ALL-CASH TRANSACTION IS EXPECTED TO BE FUNDED WITH CASH ON HAND AND DEBT​

* ZAYO GROUP - ‍FOR QUARTER ENDING DEC 31, 2017, SPREAD NETWORKS EXPECTED TO GENERATE $22.8 MILLION IN ANNUALIZED REVENUE,$7.5 MILLION IN ANNUALIZED EBITDA​

* ZAYO GROUP HOLDINGS INC- ‍ZAYO EXPECTS TO REACH $10.5 MILLION IN ANNUALIZED EBITDA FROM SPREAD ACQUISITION BY SEPTEMBER 30, 2018 QUARTER​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below