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Zayo Demonstrates E-Rate Momentum

Contributes to strong Net Bookings for Quarter

BOULDER, Colo. –
More than 20 school districts have selected Zayo Group Holdings, Inc.
(NYSE: ZAYO) for E-Rate solutions during the first calendar quarter of
2018. The contracts represent approximately double the E-Rate recurring
revenue that Zayo was awarded during calendar year 2017 and demonstrate
Zayo’s heightened focus on the public, health and utilities segment,
which includes K-12 schools.

The contracts include a range of dark fiber and lit fiber-based
connectivity solutions to provide schools and libraries with high-speed
connectivity. The majority leverage existing Zayo network, much of which
was deployed for Mobile Infrastructure projects. These projects also
include network expansion, which in turn will be leveraged for other
projects, including small cell deployments. Many schools are opting for
Private Dedicated Networks (PDNs), which are fully managed solutions
that include dark fiber, equipment and network operational support. The
districts are funding the upgrades through E-Rate, a federal program
that subsidizes internet infrastructure for schools and libraries.

Traditionally, many school districts and charter campuses have relied on
legacy copper networks, wireless or other patchwork solutions. With the
widespread use of digital textbooks, streaming media and online testing,
high-speed connectivity has become fundamental to K-12 education. Zayo
works closely with school districts across the nation to deliver
high-quality, fiber-based connectivity to replace or upgrade outdated
technology.

“This momentum is a result of our vertical segment and sales channel
strategy, which enables dedicated focus on the education community,”
said Andrew Crouch, president and COO at Zayo. “Our Fiber Solutions
regions were integral as well, as they matched their local understanding
of Zayo existing and under-construction fiber with the requirements of
the school district networks.”

Two of the largest are Texas and California projects.

In a major metropolitan area in Texas, an education region selected Zayo
for a PDN and IP solution to connect 81 sites. The solution will
leverage nearly 300 route miles of existing network and 85 route miles
of planned fiber-to-the-tower (FTT) network. Approximately 580 route
miles will be constructed.

In a large city in California, Zayo will provide a school district with
dark fiber to connect 28 sites, which will leverage 15 route miles of
existing network and include 30 route miles of new build.

“These E-Rate awards, coupled with the previously announced FTT contract
and good overall sales performance, contributed to first calendar
quarter net bookings that exceed our $8.5M goal by a healthy margin,”
added Crouch.

Zayo anticipates first calendar quarter bookings will exceed $9.0M.

Given the nature of the E-Rate award cycle, these awards represent most
of the E-Rate bookings that Zayo is likely to be awarded in calendar
year 2018, though additional bookings are anticipated in second calendar
quarter. Last year, most of the E-Rate awards occurred in the second
calendar quarter.

For more information about Zayo, visit zayo.com.

About Zayo Group

Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications
infrastructure solutions, including fiber and bandwidth connectivity,
colocation and cloud infrastructure to the world’s leading businesses.
Customers include wireless and wireline carriers, media and content
companies and finance, healthcare and other large enterprises. Zayo’s
127,000-mile network in North America and Europe includes extensive
metro connectivity to thousands of buildings and data centers. In
addition to high-capacity dark fiber, wavelength, Ethernet and other
connectivity solutions, Zayo offers colocation and cloud infrastructure
in its carrier-neutral data centers. Zayo provides users with flexible,
customized solutions and self-service through Tranzact, an innovative
online platform for managing and purchasing bandwidth. For more
information, visit zayo.com.

Forward Looking Statements

This press release contains a number of forward-looking statements.
Words, and variations of words such as “believe,” “expect,” “plan,”
“continue,” “will,” “should,” and similar expressions are intended to
identify our forward-looking statements. No assurance can be given that
future results expressed or implied by the forward-looking statements
will be achieved and actual results may differ materially from those
contemplated by the forward-looking statements. These forward-looking
statements involve risks and uncertainties, many of which are beyond our
control. For additional information on these and other factors that
could affect our forward-looking statements, see our risk factors, as
they may be amended from time to time, set forth in our filings with the
SEC, including our 10-K dated August 22, 2017. We disclaim and do not
undertake any obligation to update or revise any forward-looking
statement in this press release, except as required by applicable law or
regulation.

Zayo Group Holdings, Inc.
Media:
Shannon Paulk,
303-577-5897
Corporate Communications
press@zayo.com
or
Investors:
Brad
Korch
, 720-306-7556
Investor Relations
IR@zayo.com