ExteNet Systems Acquires Telecommunication Properties, Inc., a Leading Provider of Enterprise Communication Infrastructure Solutions
Acquisition Expands ExteNet's Portfolio of Marquee Indoor Networks
CHICAGO, May 11, 2016 /PRNewswire/ -- ExteNet Systems, Inc., the leading independent provider of distributed networks (DNS) enabling advanced cellular and wireless connectivity, today announced the acquisition of Dallas-based enterprise communications infrastructure solution provider Telecommunication Properties, Inc. (TPI).
The TPI management team will be integrated into ExteNet's Indoor DNS business unit. In addition, Jimmy Chiles, TPI's President and co-founder, alongside others on TPI's management team, will be investors in ExteNet going forward. Financial terms of the acquisition will not be disclosed.
"The combination of ExteNet and TPI extends our leadership position in the Indoor DNS wireless space," said Ross Manire, ExteNet's President and CEO. "TPI's deep roots in Indoor communications infrastructure solutions, with a focus on sports and entertainment venues and Class A properties in the United States, combined with ExteNet's track record of proven success in delivering superior wireless connectivity across indoor and outdoor environments, will result in a powerful combination poised to deliver significant benefits to our customers, employees and investors."
"This is a milestone in the continued growth of ExteNet as a leading player in the rapidly expanding distributed networks and indoor small cell markets," added Marc Ganzi, Chairman of the Board of ExteNet. "ExteNet remains laser focused on serving the communications needs of our customers and strengthening our industry leading position, while maximizing value accretion for our investors. We continue to look at opportunities for additional value creation."
ExteNet will undertake maintenance operations responsibilities for all existing TPI networks. Properties and venues in TPI's portfolio currently include Madison Square Garden, the LA Forum, AT&T Stadium (home of the Dallas Cowboys), the KFC YUM Arena and the Kentucky Exposition Center, among others.
Jimmy Chiles, TPI's President elaborated, "ExteNet will help broaden our scale, resources and expertise for our customers. The two organizations are bringing the businesses together under the ExteNet brand and we are committed to a seamless transition. In the meantime, it is business as usual for our employees."
About ExteNet Systems, Inc.
Lisle, Ill.-based ExteNet Systems, Inc. designs, builds, owns and operates distributed networks for use by wireless carriers and property owners in key markets. Using distributed antenna systems (DAS), remote radio heads (RRH), small cells, Wi-Fi, software-defined network (SDN) based Evolved Packet Core (EPC) and other technologies, ExteNet deploys solutions to enhance wireless service and network performance across both outdoor and indoor environments. Primary markets include outdoor distributed networks in a variety of densely occupied urban and suburban environments as well as selected rural areas, and various indoor properties, including sports and entertainment venues, hotels and convention centers, commercial office buildings, healthcare facilities and transit systems. For more information, please visit www.extenetsystems.com.
"ExteNet" is a registered trademark of ExteNet Systems, Inc.
About Telecommunication Properties, Inc. (TPI)
Telecommunication Properties, Inc. (TPI) is an operator of Small Cell and DAS infrastructure in the United States that help fans stay connected during highly attended public events. TPI funds, installs, and then operates neutral host DAS and Small Cell networks as well as other infrastructure used by wireless carriers to enable high speed connectivity with mobile devices. TPI engineers solutions for large and complex venues across all major sports, entertainment and real estate industries. For more information, please visit www.tpidas.com.
Media Contact:
Danielle Beer
Edelman
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Analyst Contact:
Manish Matta
ExteNet Systems
Tel: +1 630-505-3846
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SOURCE ExteNet Systems, Inc.
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