ZenFi Networks, Cross River Fiber complete merger
ZenFi Networks and Cross River Fiber have closed the merger they announced this past April (see "NY/NJ fiber network service providers ZenFi Networks, Cross River Fiber to merge"). The combined company, which will operate under the Zenfi Networks name, will continue to focus on providing fiber-optic network services to enterprise, carrier, and wireless operator customers in the New York/New Jersey metro region. Terms of the deal remain undisclosed.
The new ZenFi will operate a regional fiber-optic network of 700 route miles that connects 119 on-net buildings and 47 colocation facilities. The company also has nearly 6000 outdoor wireless locations under contract and owns three special purpose tower sites that serve the high-frequency trading industry. The combined management team includes Ray LaChance, CEO; Vincenzo Clemente (former CEO of Cross River Fiber), president and COO; Victoria Lamberth, chief revenue officer; Michael Brescio, CFO; and Rob Sokota, chief administration officer.
"We celebrate a new milestone as we formally merge two of the region’s most highly regarded communication infrastructure providers into one agile, innovative organization dedicated to delivering solutions to clients more efficiently,” comments Ray LaChance, CEO of ZenFi Networks. “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.”
For related articles, visit the Business Topic Center.
For more information on high-speed transmission systems and suppliers, visit the Lightwave Buyer’s Guide.
Stephen Hardy | Editorial Director and Associate Publisher
Stephen Hardy has covered fiber optics for more than 15 years, and communications and technology for more than 30 years. He is responsible for establishing and executing Lightwave's editorial strategy across its digital magazine, website, newsletters, research and other information products. He has won multiple awards for his writing.
Contact Stephen to discuss:
- Contributing editorial material to the Web site or digital magazine
- The direction of a digital magazine issue, staff-written article, or event
- Lightwave editorial attendance at industry events
- Arranging a visit to Lightwave's offices
- Coverage of announcements
- General questions of an editorial nature