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M&A Reporting, CTFN

Jonathan Spitzer

M&A Reporting

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<p>Zayo has not begun talks to sell Allstream, said Ken desGarennes, CFO Emeritus of Zayo on the sidelines of an investor conference last month, but would do so if potential buyers showed interest. Dan Caruso, CEO of Zayo, called its Allstream services “noncore” during the Goldman Sachs 26th Annual Communications Conference in September, and said although the segment generates cash, the company does not see itself as “long-term owners” of the business.</p>

Zayo has not begun talks to sell Allstream, said Ken desGarennes, CFO Emeritus of Zayo on the sidelines of an investor conference last month, but would do so if potential buyers showed interest. Dan Caruso, CEO of Zayo, called its Allstream services “noncore” during the Goldman Sachs 26th Annual Communications Conference in September, and said although the segment generates cash, the company does not see itself as “long-term owners” of the business.

Zayo Would Entertain Talks to Sell Allstream, CFO Emeritus Says

Zayo Group Holdings

Zayo Would Entertain Talks to Sell Allstream, CFO Emeritus Says