ExteNet Systems Buys Telecommunication Properties, Ganzi Calls It 'Milestone'
CHICAGO, IL and DALLAS, TX – May 12, 2016 – Inside Towers – Chicago-based ExteNet Systems, Inc., an independent provider of distributed networks (DNS) enabling advanced cellular and wireless connectivity, acquired Dallas-based enterprise communications infrastructure solution provider Telecommunication Properties, Inc. (TPI) for an undisclosed amount, the company said Wednesday. TPI's management team will be integrated into ExteNet's Indoor DNS business unit while TPI's President and co-founder Jimmy Chiles, along with others on TPI's management team, will be investors in ExteNet.
"The combination of ExteNet and TPI extends our leadership position in the Indoor DNS wireless space," ExteNet President/CEO Ross Manire said. "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," ExteNet Chairman of the Board Marc Ganzi said. "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. TPI's portfolio currently includes 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.