Europe: Zayo Group to split business into two independent entities

Zayo Group has announced plans to split its business into two independent entities, with one unit focusing on the company's European business and the other focusing on Zayo's business outside of its core European and North American markets.

“The transition of our European business into an independent entity marks a pivotal moment in Zayo Group's strategic journey as we look to maximize our potential across the continent,” said Steve Smith, CEO at Zayo. “Under the experienced leadership of Colman Deegan, our shared owners will continue to invest in Zayo Europe and position the organization for accelerated growth and momentum in the European market.”

“This strategic move will allow us to tailor our services and solutions to the needs of our European customers. As an independent company, we will have the agility to innovate faster, enhance our customer service, and deepen our commitment to the local markets,” said Colman Deegan, CEO of Zayo Europe. “This is an exciting new chapter for us, and we are committed to leveraging this opportunity to deliver even greater value to our customers and investors.”