Zayo

OverviewSuggest Edit

Zayo Group Holdings is a provider of communications and bandwidth infrastructure. Its key products include leased dark fiber, fiber to cellular towers and small cell sites, dedicated Wavelength connections, Ethernet, IP connectivity, data center colocation, cloud offerings and other high-bandwidth offerings. The company primarily serves wireless service providers, telecommunications service providers, financial services companies, social networking, media and web content companies, education, research and healthcare institutions, and governmental agencies.

TypePrivate
Founded2007
HQBoulder, USMap
Websitezayo.com
Employee Ratings2.3More
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Latest Updates

Employees (est.) (Jun 2019)3,781
Job Openings97
Revenue (FY, 2019)$2.6 B
Share Price (Mar 2020)$35
Cybersecurity ratingFMore

Key People/Management at Zayo

Dan Caruso

Dan Caruso

Co-Founder, Chairman & CEO
Matt Steinfort

Matt Steinfort

CFO
Sandi Mays

Sandi Mays

Co-Founder, Chief Customer Experience and Information Officer
Derek Gillespie

Derek Gillespie

Chief Revenue Officer
Jack Waters

Jack Waters

President of Zayo Networks and COO
Annette Murphy

Annette Murphy

EVP, Lit Solutions
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Zayo Office Locations

Zayo has offices in Boulder, Englewood, Toronto, Paris and in 1 other location
Boulder, US (HQ)
1821 30th St
Englewood, US
393 Inverness Pkwy
Toronto, CA
50 Worcester Rd, Etobicoke
Paris, FR
21 Rue Poissonnière 19
London, GB
International House, 1 St Katharine's Way, St Katharine's & Wapping
Show all (5)

Zayo Financials and Metrics

Summary Metrics

Founding Date

2007

Zayo total Funding

$471 m

Zayo latest funding size

$128 m

Time since last funding

12 years ago

Zayo investors

Battery Ventures, Morgan Stanley, Greenspring Associates, Oak Investment Partners, Columbia Capital, Centennial Ventures, CIT Group, CoBank, Hercules Capital, M/C Partners
Zayo's latest funding round in March 2009 was reported to be $128 m. In total, Zayo has raised $471 m
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Zayo Revenue

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Zayo's revenue was reported to be $2.58 b in FY, 2019 which is a 1% decrease from the previous period.
USD

Revenue (Q2, 2020)

653.7m

Gross profit (Q2, 2020)

421.5m

Gross profit margin (Q2, 2020), %

64.5%

Net income (Q2, 2020)

61.4m

EBIT (Q2, 2020)

140.5m

Cash (31-Dec-2019)

181.3m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.7b2.2b2.6b2.6b

Revenue growth, %

28%28%18%(1%)

Cost of goods sold

578.7m782.9m941.9m915.3m

Gross profit

1.1b1.4b1.7b1.7b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2018Q3, 2019Q1, 2020Q2, 2020

Revenue

504.9m506.7m550.2m643.5m653.5m649.4m641.1m639.1m647.2m638.6m653.7m

Cost of goods sold

173.8m179.9m195.0m235.7m232.0m234.9m228.4m222.0m226.3m231.0m232.2m

Gross profit

331.1m326.8m355.2m407.8m421.5m414.5m412.7m417.1m420.9m407.6m421.5m

Gross profit Margin, %

66%64%65%63%64%64%64%65%65%64%64%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

170.7m220.7m256.7m186.1m

Accounts Receivable

148.4m191.6m235.6m177.0m

Prepaid Expenses

68.8m68.3m74.1m65.3m

Current Assets

397.1m514.6m630.8m485.2m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2018Q3, 2019Q1, 2020Q2, 2020

Cash

193.0m144.0m198.4m291.2m280.8m329.3m353.9m176.4m179.7m254.6m181.3m

Accounts Receivable

148.4m156.7m189.7m225.7m233.8m223.1m227.2m202.8m216.9m151.9m124.5m

Prepaid Expenses

62.7m52.9m72.4m26.2m67.4m79.1m68.2m74.7m71.7m68.1m66.2m

Current Assets

411.4m362.2m497.2m610.2m606.4m697.3m680.9m480.0m511.1m531.6m430.7m
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(76.2m)85.7m101.9m150.0m

Depreciation and Amortization

516.3m606.9m747.4m633.4m

Accounts Payable

(36.0m)5.2m7.3m(14.1m)

Cash From Operating Activities

714.0m909.8m971.1m951.1m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

15.7m35.5m62.5m23.2m34.7m58.1m22.1m52.3m87.0m17.9m79.3m

Depreciation and Amortization

138.5m269.9m425.6m184.1m380.0m571.2m167.8m314.7m475.9m156.1m314.0m

Accounts Payable

5.6m(33.0m)9.1m53.4m29.2m23.7m9.0m(26.9m)19.2m27.3m1.5m

Cash From Operating Activities

232.8m402.5m664.9m268.8m456.5m719.3m241.8m472.4m726.0m311.8m568.2m
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USDFY, 2016

Revenue/Employee

534.0k

Debt/Equity

3.4 x

Debt/Assets

0.6 x

Financial Leverage

5.5 x
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Zayo Operating Metrics

FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019FY, 2019Q1, 2020Q2, 2020

Fiber Route Miles

85.50 k87.27 k95.18 k111.69 k112.60 k114.49 k115.70 k121.92 k123.84 k126.07 k126.99 k128.24 k128.91 k131.10 k130.87 k133 k133 k133 k

Fiber Miles

6.70 m8.70 m10.44 m11.87 m13 m

Markets

320 365 391 4.04 k400

Towers

5 k6 k7.50 k
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Zayo Acquisitions / Subsidiaries

Company NameDateDeal Size
McLean Data CenterApril 04, 2018
Neutral Path CommunicationsJanuary 31, 2018$33.30 m
Optic ZooJanuary 19, 2018$30.16 m
Optic Zoo NetworksJanuary 18, 2018$24.80 m
Spread Networks LLCNovember 27, 2017$127 m
KIO Networks US Data CentersMay 01, 2017$11.90 m
Electric Lightwave IncNovember 30, 2016$1.40 b
Santa Clara Data CenterOctober 03, 2016$11.30 m
Clearview International LLCApril 04, 2016$18.90 m
AllstreamJanuary 15, 2016$297.60 m
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Zayo Cybersecurity Score

Cybersecurity ratingPremium dataset

F

59/100

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Zayo Revenue Breakdown

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Zayo revenue breakdown by business segment: 73.6% from Zayo Networks, 14.8% from Allstream, 10.5% from zColo and 1.2% from Other

Zayo Online and Social Media Presence

Zayo's Trends

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Zayo News and Updates

October 08, 2020

Zayo’s Steve Orlando joins Seaborn as CEO

Subsea cable operator Seaborn Networks has appointed Steve Orlando of Zayo as its CEO, three months after the group emerged from bankruptcy protection. Orlando (pictured) officially started last week, but Seaborn has waited until now to make the announcement.
October 05, 2020

Zayo Appoints Julie Tschida Brown as Chief People and Culture Officer

Zayo Group Holdings, Inc., the global leader in Communications Infrastructure, announced the appointment of Julie Tschida Brown as Zayo’s Chief People and Culture Officer. In this role, Tschida Brown will oversee a comprehensive suite of human capital areas including community engagement, talent ac…
September 29, 2020

Zayo Announces Definitive Agreement to Sell zColo Data Center Assets to DataBank

Zayo Group Holdings, Inc. (“Zayo” or “the Company”), today announced that the Company has entered into an agreement to sell zColo, including certain U.S. and European data center assets, to DataBank. The transaction includes the sale of 44 data centers in more than 20 markets across the United State…
September 04, 2020

Zayo To Release Second Quarter Fiscal Year 2020 Earnings Results on September 11, 2020

Zayo Group Holdings, Inc. will privately release its second quarter fiscal year 2020 earnings results for the quarter ended June 30, 2020 on Friday, September 11, 2020 at approximately 7:00 a.m. MDT/9:00 a.m. EDT. Current and prospective bondholders may request access to the private data site where …
September 01, 2020

Zayo Appoints Jesper Aagaard as Managing Director of Europe

Zayo Group Holdings, Inc., the global leader in Communications Infrastructure, today announced the appointment of Jesper Aagaard as Zayo’s Managing Director of Europe. In this role, Aagaard will be instrumental in driving growth in Europe and shaping Zayo’s overall strategy for the region. Mr. Aagaa…
August 18, 2020

Zayo Announces Significant Expansion to IP Transit Capacity in Key Metro Markets

Zayo Group Holdings, Inc. today announced a significant expansion to its IP Transit capacity in key metro markets across the United States. Based on increased demand to 100G ports, Zayo recently completed upgrades to support 100G IP Transit in Phoenix, San Jose and Denver. These three metro areas jo…
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 Zayo Frequently Asked Questions

  • When was Zayo founded?

    Zayo was founded in 2007.

  • Who are Zayo key executives?

    Zayo's key executives are Dan Caruso, Matt Steinfort and Sandi Mays.

  • How many employees does Zayo have?

    Zayo has 3,781 employees.

  • What is Zayo revenue?

    Latest Zayo annual revenue is $2.6 b.

  • What is Zayo revenue per employee?

    Latest Zayo revenue per employee is $681.8 k.

  • Who are Zayo competitors?

    Competitors of Zayo include j2 Global, Internap and Windstream.

  • Where is Zayo headquarters?

    Zayo headquarters is located at 1821 30th St, Boulder.

  • Where are Zayo offices?

    Zayo has offices in Boulder, Englewood, Toronto, Paris and in 1 other location.

  • How many offices does Zayo have?

    Zayo has 5 offices.