Live from ITW 2018, Vincenzo Clemente, CEO of Cross River Fiber and Ray LaChance, CEO of ZenFi, join Jaymie Scotto Cutaia of JSA TV to discuss taking their companies’ partnership to the next level.
We’re excited to share with you today the exclusive JSA TV interview from ITW 2018, where both Clemente and LaChance offer an inside look at what it means to bring these two great companies together.
In April of this year, Cross River Fiber and ZenFi announced the signing of a definitive merger agreement, which upon closing will create the leading communications infrastructure provider in the New York and New Jersey metro areas with more than 700 route miles of fiber optic network, 130 on-net buildings, 49 colocation facilities and 1,700 outdoor wireless locations with more than 3,000 under contract. The current ZenFi Networks and Cross River management teams including Clemente and LaChance will continue to lead the combined company with the support of Ridgemont Equity Partners, a middle market private equity firm and majority shareholder of Cross River Fiber. The merger is set to close later this year, pending customary regulatory approvals.
“The merger of ZenFi Networks and Cross River Fiber allows us to scale our communications infrastructure portfolio across the region, providing a robust fiber and colocation platform enabling the deployment of a wide range of digital services by mobile network operators, telecommunications service providers and large enterprises,” says Ray LaChance, CEO of ZenFi Networks. “The combination enhances our network reach, deepens our product portfolio, and delivers a next generation network infrastructure that is the foundation of tomorrow’s communications networks. In addition, our partnership with Ridgemont Equity Partners further strengthens ZenFi Network’s financial position by providing access to additional capital to continue to deliver on our vision of building the most pervasive and high capacity connectivity platform in the region.
“While both companies have achieved great success to date, as a combined business, our geographic footprint and product capabilities are greatly expanded,” says Vincenzo Clemente, CEO of Cross River Fiber. “We can now offer custom telecommunications solutions in New York, New Jersey and beyond to more wireless mobility, carrier and enterprise customers than ever before. Our teams are cut from the same cloth – we’re both builders and owners of purpose-built fiber optic networks and wireless infrastructure – and together we will provide that cutting-edge network architecture of both fiber and wireless services to an even bigger customer base.”
Watch the full video here: