Listed on the leaderboard Challenge tier, Zayo will keep moving up if it continues merging with and buying enough smaller providers, Dunne said. It has a “very aggressive” acquisition strategy, she said.
Recent Zayo acquisitions include Electric Lightwave in 2017, and Neutral Path Communications and Spread Networks last year. And this year it plans to separate into two publicly traded companies, with one focused on providing core communications infrastructure and the other using infrastructure to provide offerings for a broad set of enterprise customers.
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