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Fly News Breaks for February 21, 2017
GTT, ZAYO, LMOS
Feb 21, 2017 | 06:41 EDT
William Blair analyst Jim Breen downgraded Lumos Networks (LMOS) to Market Perform citing the takeover by EQT Infrastructure. The analyst does not anticipate a superior bid since Lumos indicated in the press release that it conducted a thorough review of strategic alternatives. He believes the deal highlights the value of the U.S. fiber market and reflects positively on peers like Zayo (ZAYO) and GTT Communications (GTT).
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