The UK’s Six Degrees Group is expanding its fiber footprint in London, tapping Zayo’s footprint to add diversity. By the end of 2014, 6DG will have a new ring in the city built of Zayo’s dark fiber assets. Zayo’s London depth comes in part from the former AboveNet assets and in part from its more recent acqusition of Geo Networks this year.
Meanwhile, with its potential IPO out there, Zayo’s reporting for its fiscal Q4 is apparently a bit different. There’s been no PR, but in the S-1/A they filed on Thursday, the full year’s numbers are provided. That’s enough to work out the basics, though of course with nowhere near the usual detail yet.
Zayo generated revenues of approximately $307.3M in the quarter ended June 30, up over 10% from the prior quarter. Some of that is surely an organic boost from Geo, which closed at the midpoint of the quarter, but not all. Adjusted EBITDA checked in at $171.7M, for an adjusted EBITDA margin of 55.9%, a bit lower than in recent quarters, probably also reflecting a shift from the Geo acquisition. Capex kept up the usual pace at $94.9M, while on-net buildings broke the 15K barrier and route miles passed the 80K mark.
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Categories: Financials · Metro fiber
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