Zayo has announced that it will be separating its business into two entities in order to take advantage of unique growth opportunities and simplify operations. This decision will allow each business to focus on aligning strategic objectives and driving long-term value for both Zayo and its customers.
Zayo Europe currently operates an autonomous fibre infrastructure network across eight Western European countries, including Ireland, the UK, the Netherlands, Belgium, France, Germany, Italy, and Switzerland. With employee hubs in London, Paris, Stuttgart, and Sofia, Zayo Europe will be led by CEO Colman Deegan, who was recently appointed to the position.
While Zayo and Zayo Europe will continue to be under the same ownership group and offer network services globally, they will have separate boards of directors. Jens Schulte-Bockum, the former CEO of Vodafone Germany and Group COO of MTN Group, will serve as chairman of the new board once the separation is completed. Full legal separation of Zayo Europe and its other business is expected by the end of June 2024.
Additionally, Zayo’s business managing global network needs outside of its core North American and European networks will also be separated. This move is part of Zayo’s strategy to position both businesses for continued growth and success.
With this decision in place, each business can now focus on their own specific objectives while still benefiting from being under the same ownership group. The separation is expected to bring about increased efficiency and profitability for both businesses.
The creation of a new management team for international network expansion is a positive step towards growing Zayo’s presence outside its core regions. With more resources dedicated towards this effort
