What's a Friday without a contract win for Zayo with an unnamed customer, eh? The Boulder-based infrastructure company announced this morning a deal with a 'global fintech leader' for wavelengths.
Zayo will be providing primary and diverse routes connecting 10+ locations around the US for the financial technology company. There isn't enough information to try to guess the identity of the cutomser, but the deal seems to be exactly the sort of deal Zayo's intercity networks were built to provide, and thus a piece of the puzzle of enterprise organic growth that they have been trying to solve over the past year.
The rumor mill seems to have gone quiet for now when it comes to bids by private equity or strategic buyers for Zayo in the lead-up to the company's analyst day on 3/14. That just means that any talks have gone underground for now, since as long as the company's stock price is down in this $25/share range there is a significant disconnect between the valuations that public and private investors put on the company.