LinkNYC (CityBridge) Crosses $200+ Million Investment
PJ SOLOMON Advised CityBridge (LinkNYC) on $200+ Million Investment
PJ SOLOMON Advised CityBridge (LinkNYC)
on $200+ Million Investment
We are pleased to highlight our role as exclusive financial advisor to CityBridge, the operator of LinkNYC, in a more than $200 million commitment by ZenFi Networks, a NYC-based digital infrastructure company. The investment will accelerate the expansion of the LinkNYC network throughout New York City, expanding 5G access and bringing free high-speed Wi-Fi and other critical services to more New Yorkers in more neighborhoods across the city.
Since its launch in 2016 by CityBridge, LinkNYC has grown to become the world’s largest and fastest free public Wi-Fi network, with nearly 10 million Wi-Fi users. The LinkNYC program has also become a platform for social services, civic engagement, education and content, including PSAs, public art and important local information. With ZenFi’s investment, LinkNYC will more than double its current footprint, expanding its free public Wi-Fi network across thousands of newly deployed 5G-enabled LinkNYC kiosks.
ZenFi Networks is a regional leader in mobile infrastructure solutions and has an unparalleled reputation for efficiently architecting and delivering solutions that enable carriers, enterprise and institutional customers.
The transaction team was led by Mark Boidman, Managing Director and Head of PJ SOLOMON’s Marketing & Media/Tech Services. The team navigated the highly complex transaction working closely with Citybridge.
About Marketing & Media / Tech Services
The PJ SOLOMON Marketing & Media / Tech Services team provides investment banking advisory and financing services to advertising and marketing services-based businesses, global out-of-home media, global retail tech / in-store and on-premise media and tech companies, connected media, audiovisual and event technology companies.
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