A significant development has taken place as ROC Venture Group, known for its expanding AI-focused investment portfolio, has acquired a 45-mile fiber optic network near Washington, D.C.
The acquisition marks ROC Venture Group’s first venture into fiber optic infrastructure. This project is strategically located along the Interstate 95 corridor in Maryland and Virginia, an area renowned for its high concentration of data centers and increasing demand for advanced fiber optic solutions.
According to the announcement, the new network promises to enhance fiber technology in the region, addressing current deficiencies and setting a new standard in speed and efficiency. The specifics of the financial arrangement remain undisclosed as company representatives declined to comment on the terms of the deal.
The firm has also announced the onboarding of Michael Alessio as a new partner, reflecting their commitment to strengthening their leadership. Alessio is recognized for his extensive experience in site development and infrastructure for data centers, which he will bring to this new initiative. Emphasizing the strategic importance of this project, Alessio stated, ‘Having been involved in the construction of multiple data centers to support the surging demand of artificial intelligence, I’m excited to join ROC Venture Group and lead this new focus in critical infrastructure.’
The D.C. Metro area offers a promising market for this initiative, given its critical data needs from existing hyperscalers around the nation’s capital. The company, founded in 2020, is positioning itself at the forefront of technological advancements with this venture, which aligns with its broader investment strategy.
This strategic acquisition by ROC Venture Group highlights their commitment to advancing technological infrastructure in key regions, particularly in high-demand areas like the D.C. Metro corridor.
Source: BusinessObserverFL
