Source: Chicago Tribune
By: Meg Graham
5 February 2016
Once upon a time, when the Red or Blue line L trains dropped underground, so did our phone calls.
But Lisle-based ExteNet Systems has completed a project to extend 4G LTE service in the CTA tunnels — taking subterranean Snapchats from dream to reality. The company, founded by CEO Ross Manire in 2002, worked with contractor Aldridge Electric and four national wireless carriers to complete the network.
US wireless infrastructure firm ExteNet Systems has completed a US$1.4bn capital restructuring led by investment firms Digital Bridge and Stonepeak Infrastructure Partners.
A Boca Raton venture capital firm is behind the latest wireless tech "unicorn."
Boca-based Digital Bridge Holdings alongside Stonepeak Infrastructure Partners is heading a consortium that's investing $1.4 billion into wireless infrastructure company ExteNet Systems. As part of the deal, Digital Bridge's CEO Marc Ganzi becomes chairman of Extenet's board.
ExteNet Systems completes $1.4B deal; ramps up for further growth
Lisle-based ExteNet Systems has completed a $1.4 billion capital restructuring, allowing the tech unicorn to grow and keep up with the rapid growth of mobile data traffic.
$1.4 Billion Transaction Led by Digital Bridge and Stonepeak Infrastructure Partners Accelerates ExteNet’s Growth, Ensures Continued Leadership in Distributed Networks
The Tower Industry continues to evolve in the US and Americas region as operators need more macro tower sites and in-building and outdoor small cells to fill coverage holes and add capacity in mobile networks. In this presentation, Marc Ganzi, CEO of Digital Bridge Holdings, outlines the state of wireless infrastructure, as well as offer options for carriers and infrastructure companies to keep up with mobile data traffic demand.
Five year DAS ride for SBA unexpectedly ends
In a deal that took many industry observers by surprise, DAS developer ExteNet Systems, Inc. announced that Digital Bridge Holdings and Stonepeak Infrastructure Partners will recapitalize the company with more than $1 billion dollars, and Digital Bridge’s CEO Marc Ganzi will assume the position of Chairman of the Board.
ExteNet Systems, a wireless-infrastructure company whose business is soaring with the demand for video and data by smartphone and tablet users, is Chicago's newest “unicorn” with a valuation over $1 billion.
Recapitalization to Fuel Long-Term Growth in Rapidly Expanding Small Cell Market
CHICAGO, July 23, 2015 /PRNewswire/ -- ExteNet Systems, Inc., a leading provider of distributed networks enabling outdoor and indoor wireless connectivity, today announced that Digital Bridge Holdings (Digital Bridge) and Stonepeak Infrastructure Partners (Stonepeak) have committed or arranged for over $1 billion in a recapitalization of the company in which the interests of existing investors will be acquired and additional capital will be provided to support the long-term growth of the business.
ExteNet Systems, a builder and operator of DAS and small cell systems, is set to become part of Digital Bridge Holdings, the investment group that owns Vertical Bridge and Mexico Tower Partners. Along with Stonepeak Infrastructure Partners, Digital Bridge is set to acquire ExteNet’s current investors, including SBA Communications. The purchase price is expected to be more than $1 billion, but the companies did not specify the exact amount.