We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The revenue marked an increase of $28.3 million compared with the same period a year ago. But net loss also increased, from $34.2 million to $36.3 million.
Boulder-based Zayo said in a press release that the revenue growth, which increased nearly $10 million compared with the previous quarter, was due “largely to a function of organic growth associated with positive net installations, and to a smaller extent, acquisition-related growth.”
The net loss, which increased by $8.4 million compared with the previous quarter, was related to a $14 million jump in stock-based compensation expense.
Zayo Group has grown rapidly, acquiring several fiber-networking companies, and there has been speculation recently that Zayo could be primed for an initial public offering sometime this year.