Report: Zayo Group Looks To Sell Colocation Division
Boulder-based Zayo Group, the provider of colocation and bandwidth services, is reportedly looking to unload its colocation business, according to a report from Bloomberg. The report--citing "people familiar with the matter"--says the sale could be worth around $1 billion. The sale comes just seven months after the acquisition of Zayo by two private equity investors, Digital Colony Partners and EQT Partners. Possible buyers for Zayo's colocation business were not detailed in the report. The acquisition by Digital Colony Partners and EQT Partners in May took Zayo Group off the public market.
posted on Tuesday, November 19, 2019
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