Stonepeak and Digital Bridge invested $1.4bn in ExteNet Systems, the leading independent provider of distributed networks enabling outdoor and indoor wireless connectivity. “We’re thrilled to announce the deal is closed and believe we’re well positioned to both execute our long-term growth plans and meet the future needs of communications carriers across our target market segments,” said Ross Manire, President and CEO of ExteNet. “With the Internet of Things a reality and 5G in the near horizon, wireless infrastructure must advance with a focus on innovative, pragmatic solutions to enable anytime, anywhere broadband connectivity. As the largest privately held distributed network provider in the U.S., ExteNet remains well positioned to provide the vital infrastructure needed to meet the growing demand for both indoor and outdoor wireless connectivity. I welcome our new board members and have deep gratitude for those exiting.”