ExteNet Systems Announces John Hancock as a Strategic Investor

Telecom Tech Outlook | Thursday, October 22, 2020

ExteNet will utilize the capital investment from John Hancock to fund its future growth as it scales for 5G network densification and addresses the advanced connectivity needs of its customers

FREMONT, CA: ExteNet Systems, a leading provider of mobility and fiber connectivity solutions and the largest private owner and operator of DAS and small cell networks in the United States, announced that long-term institutional investor John Hancock Life Insurance Company (U.S.A) is leading a consortium that will acquire approximately 30 percent of the company. John Hancock will join existing major investors, Digital Colony and Stonepeak Infrastructure Partners. ExteNet will utilize the capital investment from John Hancock to fund its future growth as it scales for 5G network densification and addresses the advanced connectivity needs of its customers, including mobile network operators (MNOs), carriers, property owners, and enterprises.

"We are pleased to welcome John Hancock to ExteNet's investor group," said Marc Ganzi, Executive Chairman of ExteNet. "Communications infrastructure is leading global digital transformation, and we are in the early stages of a decade-plus 5G investment cycle. John Hancock is a perfect partner for ExteNet as we continue to provide best-in-class digital infrastructure solutions for our customer base and lead the transformation to 5G."

Lisle, IL-based ExteNet Systems is the nation's largest privately-held provider of converged communications infrastructure and services addressing outdoor and in-building wireless, fiber, and other advanced connectivity needs of its customers. Their outdoor small cell and DAS networks are deployed in a variety of urban, suburban, and rural environments, while indoor networks are deployed in iconic sports and entertainment venues, convention centers, commercial office buildings, college campuses, healthcare facilities, hotels, and resorts, and transit systems nationwide.

ExteNet's executive management team structure is expected to remain unchanged post-transaction, with Marc Ganzi, President and Chief Executive Officer of Colony Capital and CEO of Digital Colony, continuing to serve as the Executive Chairman, and Jim Hyde continuing as the President and CEO of the company.

"With our strong track record of providing market-leading, shared digital infrastructure and services for our customers, ExteNet is perfectly positioned to excel in our commitment to deliver tomorrow's connectivity today," said Jim Hyde, President, and CEO at ExteNet. "I am excited to work with our newest partner, John Hancock, as we continue to build next-generation infrastructure and innovative solutions, including outdoor and in-building 5G, nationwide."

PJT Partners served as financial advisors to the Company and its existing investors. TAP Advisors acted as financial advisors to John Hancock. Simpson, Thacher& Bartlett provided legal representation to ExteNet, and Paul, Weiss, Rifkind, Wharton & Garrison represented John Hancock. The transaction is subject to various regulatory approvals. The financial terms of the transaction were not disclosed.

John Hancock is a unit of Manulife Financial Corporation, a leading international financial services group that helps people make their decisions easier and lives better. They operate primarily as John Hancock in the United States and Manulife globally, including Canada, Asia, and Europe, and provide financial advice, insurance, wealth, and asset management solutions for individuals, groups, and institutions.