In recent years, the wireless industry has experienced continuous growth, with companies across the world working to best take advantage of technological innovations. In any industry, with this type of continuous growth comes inevitable change, oftentimes in the form of mergers and acquisition transactions. Earlier this week, ZenFi Networks, an innovative leader of digital infrastructure solutions in the New York and New Jersey metro region, announced that they have agreed to be acquired by BAI Communications (BAI), the global shared communications infrastructure provider. This agreement of the East coast based provider, and innovator in small cell deployment, offload & roaming services, fiber connectivity and network edge colocation comes in the wake of the recent launch Link5G in New York City.
This acquisition comes in the wake of the recent launch Link5G in New York City, and represents a significant growth opportunity for BAI in the North American region. BAI is looking to expand its current arsenal of connected infrastructure capability and operations in the market, which is currently comprised of companies Mobilitie and Transit Wireless. This move builds upon the company’s vision to become a leading provider of connected 5G infrastructure across North America, and globally.
With ZenFi Networks’ seasoned, veteran leadership team, led by Co-Founder and CEO, Ray LaChance, they also bring to the table a vast base of long-standing customer relationships, including the rights to provide mobile infrastructure solutions across 4,000 existing LinkNYC kiosk structures. The agreement will also bring over 1,100 route miles of fiber network across the New York and New Jersey metro region, as well as unique C-RAN solutions and a number of existing customer contracts with enterprise and mobile network operators. With its significant fiber connectivity assets, wireless infrastructure solutions, and network colocation facilities across the New York and New Jersey metro areas, ZenFi Networks’ infrastructure provides to BAI, a natural extension of the connectivity solutions that Transit Wireless currently has across the New York City subway. The combination of the two respective offerings, alongside Mobilitie’s 5G outdoor and indoor wireless infrastructure solutions, complements and strengthens BAI’s technical and service offerings to network operators, enterprises, and public municipalities. The transaction is subject to customary regulatory clearances and is expected to close in the fourth quarter of this year.
To read the full press release, click here.
To learn more about ZenFi Networks, click here.
To learn more about BAI Communications, click here.