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Zayo to simplify business, releases quarterly results


BOULDER — Zayo Group Holdings Inc. (NYSE: ZAYO) posted second-quarter earnings per share of 13 cents, in line with analyst expectations. The Boulder-based telecommunications company recorded net income of $30.2 million, which included $36.1 million from the Communications Infrastructure business segment but also a $5.9 million loss from the Allstream segment. Still, second-quarter income more-than doubled from the same period last year, when it was $13.2 million.