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New Deal


Announced

John Hancock to acquire a 30% stake in ExteNet Systems.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For30%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Single Bidder

Domestic

Minority

Friendly

Telecommunications Services: Other

wireless networks

United States

Acquisition

Private

Private Equity

Synopsis

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John Hancock Life Insurance, an insurance company, agreed to acquire a 30% stake in ExteNet Systems, a provider of converged communications infrastructure and services. Financial terms were not disclosed. "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. 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," Jim Hyde, ExteNet President and CEO.

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