Neutral Connect Networks (NCN), a US wireless operator, has acquired two other wireless networks, DAS Communications and 5 Bars, as part of its ongoing expansion.
In addition, M/C Partners, a private equity firm, has committed up to $30m to support the company’s growth.
DAS operates multiple wireless networks in Boston and New York, while California-based 5 Bars deploys DAS systems in the sports and entertainment sectors, with deployments in numerous large stadiums and casinos. 5 Bars’ DAS team will play an integral role in the new company.
John Clarey, 5 Bars’ former chief executive, who will continue as an investor in NCN, said: “The financial commitment from NCN and M/C Partners provides 5 Bars the needed resources to continue to build and operate the large projects it has in its pipeline.”
“We are excited to have the opportunity to combine these two leading players in the small cell arena to create Neutral Connect,” Brian M. Clark, M/C managing partner, said.
“M/C Partners has a long and successful heritage in the wireless industry, and we believe that the small cell opportunity represents a massive shift in the network architecture of mobile carriers, which we are keen to participate in.”