May 31, 2018
ExteNet Systems announced Wednesday that it’s expanding its high-capacity fiber network in the greater New York City metro area through the purchase of Hudson Fiber Network.
The Chicago-area communications infrastructure developer will acquire Hudson from PE firm Tiger Infrastructure Partners in an all-cash deal. Other terms of the transaction, which is expected to close during the second half of 2018, were not disclosed.
In addition to its metro fiber network, Hudson Fiber operates a national wide-area network with key international points of presence. Since Tiger Infrastructure acquired a controlling stake in Hudson Fiber in 2014, the company has built and acquired new fiber in Manhattan and New Jersey, expanded its enterprise business and increased its dark fiber product offerings, according to the firm.
ExteNet said the deal will give the company more than 30,000 nodes overall that are operational or under construction across the U.S.
“We are pleased to announce our intention to acquire Hudson Fiber Network to accelerate growth of ExteNet’s Optical Network Solutions business,” said Ross Manire, president and CEO of ExteNet, in a statement. “We have served the northeast region, including New York City, for many years with our fiber, small cell and indoor network solutions. We plan to leverage the core competencies of both companies to offer our customers an expanded portfolio of carrier and enterprise solution offerings and rapidly expand into other major markets by leveraging ExteNet’s extensive fiber plant.”