Zayo Group announces restructuring, $102M acquisition

BOULDER — Bandwidth infrastructure provider Zayo Group Holdings Inc. (NYSE: ZAYO) on Tuesday morning a reorganization of the company, as well as the planned $102 million acquisition of European provider Viatel.

The announcements came on the same day the Boulder-based company reported a net loss for its first fiscal quarter of $15.2 million, or 6 cents per share.

The restructuring will entail the company organizing into to principal operating units — a Strategic Business Segments unit headed by co-chief operating officer Chris Morley, and a Global Sales and Customer Success unit, headed by co-COO Matt…