Tuesday, September 14, 2010
Zayo Group Revenues Rise To $61.4M In Q4
Louisville, Colorado-based Zayo Group, the privately held provider of bandwidth, released its financials this week, as the firm continues to report its finances publicly. According to Zayo, the firm had an adjusted EBITDA of $22.8M on revenues of $61.4M for the fourth quarter, which ended June 30th. For the year, the firm said it had $91.3M in adjusted EBITDA and $245.6M in revenues. Sequential quarter to quarter growth was up 17 percent, with the firm saing the increase was driven by positive net installations. Zayo said it now has $89.2 million in cash. Zayo--which is backed by venture capital firms--has been unusual in reporting its full finances, which is usually something done by publicly held companies. Among other revelations in its finance release, the firm disclosed that it paid $73.0M in cash for AGL Networks, which it acquired in July, and that AGL generated $25.2M in revenues for the year.