ZenFi Networks and Cross River Fiber complete merger
17 September 2018 | Natalie Bannerman
ZenFi Networks and Cross River Fiber have completed its merger creating a new infrastructure provider in New York and New Jersey Metro Areas.
The newly combined company, which will now operate as ZenFi Networks, says that it aims to meet the growing demand for next-gen network access by building, owning and maintaining a top tier fibre-optic network.
“We celebrate a new milestone as we formally merge two of the region’s most highly-regarded communication infrastructure providers into one agile, innovative organisation dedicated to delivering solutions to clients more efficiently,” said Ray LaChance, CEO of ZenFi Networks (pictured). “This transaction enhances our network reach, deepens our product portfolio, and delivers a premier regional communications network infrastructure that is the foundation for 5G network deployments and tomorrow’s evolving network technology needs.”
The companies say that a number of key benefits have been identified through this merger which includes:
- A scalable communications infrastructure network. Through the merger the new company now has a regional network of approximately 700 route miles of fibre-optic network, 119 on-net buildings, 47 colocation facilities and almost 6000 outdoor wireless locations under contract. As well as ownership of 3 special purpose tower sites.
- An expanded portfolio. ZenFi Networks will continue to offer fibre-optic network, distributed colocation and wireless siting solutions to its customers in addition to lit services that was previously offer by Cross Rover Fiber.
- The on-boarding of experienced builders. The two companies create a combined experience of 30 plus years in the building and operating of communications networks in New York and New Jersey metro region.
“I am excited about the future as we blend the considerable talents and experience of both companies,” said Vincenzo Clemente, the newly appointed president and COO of ZenFi Networks. “Combined, we will draw on our decades of experience to push the boundaries of infrastructure innovation all while remaining focused on efficiently delivering and expanding purpose-built fibre optic networks and wireless solutions for our clients.”
Managing this newly formed company sits Ray LaChance as its CEO; Vincenzo Clemente as president and chief operating officer; Victoria Lamberth as the new chief revenue officer; Michael Brescio as its chief financial officer and Rob Sokota as the new chief administration officer.
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8h | Natalie Bannerman
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