Exhibit 99.1

Picture 2

Zayo Group Holdings, Inc. Reports Financial Results for the Third  Fiscal Quarter Ended March 31, 2018

 

Third Fiscal Quarter 2018 Financial Highlights

·

$649.4 million of consolidated revenue; including $531.7 million from the Communications Infrastructure  segments and $117.7 million from the Allstream segment;

·

Net income of $23.4 million, including $32.0 million from the Communications Infrastructure segments and a net loss of $8.6 million from the Allstream segment;

·

$319.6 million of adjusted EBITDA, including $294.1 million from Communications Infrastructure and $25.5 million from the Allstream segment;

·

Bookings of $9.5 million, gross installs of $8.1 million, churn of 1.1% and net installs of $2.3 million, all on a monthly recurring revenue (MRR) and monthly amortized revenue (MAR) basis, excluding the Allstream segment.

·

Adjusted unlevered free cash flow of $165.5 million.

BOULDER, Colo., May 3, 2018 – Zayo Group Holdings, Inc. (“Zayo” or “the Company”) (NYSE: ZAYO), a global leader in Communications Infrastructure, announced results for the three months ended March 31, 2018.  

 

Third quarter operating income increased by $1.3 million and net income increased by $11.9 million over the previous quarter.  Basic and diluted net income per share during the third fiscal quarter was $0.09.  During the three months ended March 31, 2018,  capital expenditures were $195.1 million.

 

As of March 31, 2018, the Company had $329.3 million of cash and $442.0 million available under its revolving credit facility.

 

Recent Developments

 

Acquisition of McLean Data Center

 

On April 4, 2018, the Company acquired a data center in McLean, Virginia.  The facility will provide a low-latency colocation option for government agencies, web-scale companies, cloud providers and other large enterprises, especially those located in downtown Washington D.C.  As part of the acquisition, the Company assumed an operating lease obligation and certain assets, such as cash, equipment and customer contracts.

 

Acquisition of Neutral Path Communications

On April 17, 2018, the Company acquired substantially all of the assets of Neutral Path Communications and Near North Partners. The all-cash transaction was funded with cash on hand. Neutral Path is a long haul infrastructure provider, operating a fiber network in the Midwest. The transaction will add 452 owned plus additional leased route miles to the Company’s extensive North American network, including a unique, high-count fiber route from Minneapolis to Omaha.

 

Scott-Rice Telephone Co.

 

On February 23, 2018, the Company announced that it has entered into an agreement to sell Scott-Rice Telephone Co., a Minnesota incumbent local exchange carrier, for $42 million to New Ulm Telecom, Inc. The closing of the transaction is subject to regulatory approvals and customary closing conditions, and is expected to occur in the quarter ended June 30, 2018.

 

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The following information was filed by Zayo Group Holdings, Inc. (ZAYO) on Thursday, May 3, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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