On November 20, 2018, Zayo Group Holdings, Inc. (NSE: ZAYO) announced its intention to split into two publicly traded companies , temporarily designated as « InfraCo » and « EnterpriseCo ». InfraCo will focus on providing basic telecommunications infrastructure to carriers, web-based companies and other large bandwidth consumers. EnterpriseCo will consist of elements from the existing Zayo Enterprise Networks and Allstream segments; it will thus provide broadband solutions to more than 50,000 companies.
EnterpriseCo will focus on the business market by directly serving businesses and delivering solutions focused on Software Defined Wide Area Networks (SD-WAN), IP Virtual Private Networks (VPN-IP) and Unified Communications.
« EnterpriseCo will offer its customers an even more attractive range of solutions and services, with a targeted level of support provided by experts who understand their business, » said Michael Strople, Chief Operating Officer, EnterpriseCo. « Our goal is to be the most innovative business services provider in North America. «
The split should be completed by the end of 2019. Customers will not notice any immediate changes to services, customer records teams, contracts, pricing or billing. Zayo and Allstream will continue to operate as usual.
During this launch phase of EnterpriseCo, we will provide regular updates to report on progress.
In the meantime, if you have any questions, please contact Stefan Pittinger, Senior Vice President, Sales and Marketing, at 763-745-8264 or by writing to stefan.pittinger <AROBASE> allstream.com.