Allstream and Zayo’s Enterprise Networks to combine and become a public company focused on Enterprise Services

 

On November 20, 2018, Zayo Group Holdings, Inc. (NSE: ZAYO) announced plans to separate into two publicly traded companies temporarily named “InfraCo” and “EnterpriseCo.” InfraCo will focus on providing core communications infrastructure to carriers, web-scale companies, and other large consumers of bandwidth. EnterpriseCo will consist of elements of Zayo’s current Enterprise Networks segment and Allstream segment and will provide high-bandwidth solutions to more than 50,000 enterprises.

EnterpriseCo will focus on the direct-to-enterprise business segment and will include solutions centered on SD-WAN, IP-VPN and Unified Communications.

 

“EnterpriseCo will offer customers an even more compelling suite of solutions and services, with a focused level of support, from experts that understand their business,” said Michael Strople, chief operating officer, EnterpriseCo. “We will aim to be North America’s most innovative enterprise service provider.”

 

The separation is expected to be completed in late 2019. As such, customers will see no immediate changes to service, account teams, contracts, pricing or billing. Both Zayo and Allstream will continue to operate as usual.

 

As the work to launch EnterpriseCo gets underway, we will provide regular updates as progress is made.

 

In the meantime, for any questions please reach out to Stefan Pittinger, senior vice president of sales and marketing at 763-745-8264 or stefan.pittinger<AT>allstream.com

Posted on in News