Zayo 8-K Regulation FD Disclosure

Exhibit 99.1

360networks Corporation
Consolidated Statement of Income
For the Three and Nine Months Ended September 30, 2011
(UNAUDITED)

	Three months ended			Nine months ended
	September 30, 2011			September 30, 2011
Revenue	$	24,031,353		$	68,079,065
Operating Costs		9,731,599			27,253,940
Selling, general and administrative		6,966,729			20,797,261
Stock based compensation		500,835			1,670,067
Provision for bad debts		(589,356	)		(460,867	)
Depreciation expense		3,176,394			9,194,044
Accretion expense		62,473			189,717
Restructuring expense		25,006			66,445
Operating income		4,157,672			9,368,458
Net gain/(loss) on settlements		(3,255,445	)		(3,255,445	)
Net gain on sale of assets		—			7,946
Interest expense		(17,717	)		(46,922	)
Interest and dividend income		562,591			1,622,371
Other income		(131,572	)		(97,722	)
Income before income taxes		1,315,530			7,598,686
Provision for income taxes		92,768			150,814
Net income for the year	$	1,222,763		$	7,447,872

360networks Corporation
Consolidated Balance Sheet
As of September 30, 2011
(UNAUDITED)

	As of
	September 30, 2011
ASSETS
Current Assets:
Cash and cash equivalents	$	15,453,484
Accounts receivable, net		8,411,865
Note receivable-current		181,343
Other		1,951,631
Total Current Assets		25,998,323
Restricted Cash		357,500
Investments		115,610,415
Property and equipment, net		77,826,810
Intangibles assets, net		245,189
Note receivable		860,346
Total Assets	$	220,898,583
LIABILITIES
Current liabilities:
Accounts payable	$	7,117,308
Wages payable		5,662,850
Leases payable		49,353
Income taxes payable		366,008
Other accrued liabilities		17,634,316
Deferred revenue		3,308,027
Total Current Liabilities		34,137,862
Deferred revenue, non-current		39,611,743
Other long-term liabilities		354,326
Total Liabilities	$	74,103,931
STOCKHOLDERS’ EQUITY/(DEFICIT)
Capital stock	$	75,725,498
Other capital accounts		104,528,551
Accumulated deficit		(33,459,397	)
Total Stockholders’ Equity/(Deficit)		146,794,652
Total Liabilities and Stockholders Equity/(Deficit)	$	220,898,583