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Zayo considers REIT status, sale of Allstream amid mixed Q1, departure of COO

Friday 4 May 2018 | 12:00 CET | News
Data centre and fibre operator Zayo reported first quarter results weighed down by its Allstream and its recent spate of acquisitions. The company also said it has completed the first phase of its investigation on the advisability and feasibility of a conversion to a real estate investment trust for federal income tax purposes (REIT). The company's net profit in the last quarter took a hit following the US corporate tax reform. Zayo has started executing the organisational changes required to operate as a REIT, including the realignment of its business segments to clearly delineate the

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Categories: Fixed
Companies: Allstream / Zayo
Countries: World
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