ExteNet Systems, a privately held provider of converged communications infrastructure and services for outdoor and in-building wireless, optical fiber and other connectivity, will be led by a new president and interim CEO beginning July 30. Rich Coyle, the company’s chief operating officer, moves up to the post as Jim Hyde, who has served as president and CEO three years, exits the company. Hyde said he would be focusing on family and other personal interests while working alongside ExteNet Systems part-owners DigitalBridge and Stonepeak on investment opportunities. Another ExteNet Systems executive, Chief Technology Officer Tormod Larsen, left the company on May 14 after 16 years.
“Since joining ExteNet as chief operating officer (COO) in September 2018, Coyle has transformed the operations team at ExteNet while achieving two sequential years of record node activations in 2019 and 2020, the latter during the ongoing pandemic,” a statement from the company reads.
Coyle said that with 5G wireless communications in the early stages of a multiyear investment cycle, network densification and advanced connectivity would remain the primary focus for carriers, real estate owners and enterprises in the coming years.
“We pride ourselves in our ability to deliver next-generation, future-proof public and private networks in a rapid and cost-effective manner,” Coyle said. “I am honored to take on this new role and want to assure our customers that we remain laser-focused on innovation, best-in-class network delivery and superior service.”
ExteNet System’s executive chairman, Marc Ganzi, said that he has admired Coyle for his leadership as ExteNet built operational capabilities while delivering on 4G and 5G node activation commitments for mobile network operator customers during the past three years. Ganzi, who also heads DigitalBridge, said that he thanked Hyde for contributions in growing ExteNet’s revenue and asset portfolio, implementing new platforms and processes, upgrading human capital and bringing in new equity partners.
“The future is bright for ExteNet,” Ganzi said.
Background information provided by ExteNet Systems describes its customers as mobile network operators, real estate owners, property managers, wholesale carriers, enterprises, municipalities and rural carriers.
“Our 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,” a company statement reads.
Don Bishop is executive editor and associate publisher of AGL Magazine.