Zayo has announced that it will be separating its business entities in order to provide more flexibility for each business to take advantage of unique growth opportunities and simplify operations. This separation will also help align strategic and business objectives to drive long-term value for Zayo, its customers, and the newly independent entities.
Zayo Europe, which operates a mostly owned fibre infrastructure network across eight Western European countries, including Ireland, the UK, the Netherlands, Belgium, France, Germany, Italy, and Switzerland, is one of the businesses that will be separated from Zayo. The new business will have employee hubs in London, Paris, Stuttgart, and Sofia. It will be led by Colman Deegan who recently took on the role of CEO of Zayo Europe.
While Zayo and Zayo Europe will remain under the same ownership group and continue to offer network services globally through their separate boards of directors. Jens Schulte-Bockum who served as CEO of Vodafone Germany and Group COO of MTN Group will serve as chairman of the new board once the separation is completed by June 2024.
Furthermore, Zayo’s business managing customers’ global network needs outside of its core North American and European networks will also be legally separated by this time. This new entity will have its own management team to continue supporting Zayo’s North American and European customers with international network expansions.