ExteNet Systems Announces Exclusive, Expanded Partnership with T-Mobile

Rhea-AI Summary

T-Mobile (TMUS) has announced an exclusive agreement with ExteNet Systems to deploy digital wireless infrastructure in large venues, marking an industry first. This partnership aims to enhance 5G capabilities and streamline T-Mobile's network assets post-merger with Sprint. Under the contract, ExteNet will manage the infrastructure deployment for venues, ensuring faster rollout times. This agreement, effective October 1, 2022, also includes a collaboration with MGM Resorts to enhance connectivity across 25 properties, which serve over 70 million visitors annually.

Positive

• Exclusive agreement with ExteNet enables cost-effective deployment of 5G infrastructure.
• Expected to improve user experience with faster rollout times of up to two times.
• Strengthens T-Mobile's competitive advantage in large venue communications.
• Partnership with MGM Resorts boosts connectivity for millions of visitors yearly.

Negative

• None.

T-Mobile Pairs with ExteNet's Digital Wireless Infrastructure Deployed in Commercial Venues, Creating Unparalleled Communications Experiences for Guests and Users

Venue Contracts Couple ExteNet's Infrastructure Deployment with Primary Wireless Carrier, an Industry First in Enabling Cost-Effective 5G Wireless Capabilities

LISLE, Ill., Nov. 29, 2022 /PRNewswire/ -- ExteNet Systems, a leading privately held owner of LTE/5G wireless and fiber neutral-host communications infrastructure, today announced it has entered an exclusive agreement with T-Mobile (NASDAQ: TMUS) to deploy digital wireless infrastructure in large sports, entertainment, hospitality and transportation venues, as well as to rationalize and decommission T-Mobile's overlapping network assets inherited from its merger with Sprint. The agreement, which expands ExteNet's existing relationship with T-Mobile as a primary wireless carrier in its contracted venues, is expected to deliver best-in-class wireless communications in commercial sites, creating unparalleled experiences for guests and users.

Venue Contracts Couple ExteNet's Infrastructure with a Primary Wireless Carrier, an Industry First.

Under the terms of the agreement, ExteNet will deploy, own and operate the digital wireless infrastructure for large venues, and every venue contract couples ExteNet's infrastructure deployment with T-Mobile, as the first committed carrier. This represents an industry first in enabling the extension of 5G wireless capabilities and state-of-the-art technology to fans and guests, with deployment timeframes up to two times faster.

"We are thrilled to continue building our relationship with T-Mobile to bring high-quality and cost-effective infrastructure operations to our clients and venue partners," said Rich Coyle, ExteNet Systems Chief Executive Officer. "This collaboration enables a turnkey, win-win road map for T-Mobile's consumer and business clients alike as we bring a revolutionary Un-carrier approach to venue contracting."

 As part of the expanded partnership, ExteNet will rationalize T-Mobile's small cell framework and upgrade existing infrastructure, implementing a high-quality and cost-effective solution to deliver streamlined, faster and more efficient 5G wireless networks. These enhancements, which will be done without any service interruptions, are expected to provide a superior end-user experience and a competitive advantage for T-Mobile, as well as further elevate ExteNet's reputation for innovative and customer-centric Un-carrier approach to venue contracting.

The rollout of the expanded agreement between ExteNet and T-Mobile, which took effect on October 1, 2022, is already underway. As part of the agreement, T-Mobile will be the first carrier to join the new wireless network ExteNet is deploying in each MGM Resorts property nationwide. In September 2022, ExteNet announced a groundbreaking partnership with MGM Resorts International to bring state-of-the-art distributed wireless networks to 25 MGM properties, consisting of 54 million square feet, more than 43,000 guest rooms, and serving more than 70 million visitors annually.

About ExteNet Systems, LLC

Lisle, IL-based, soon to be Frisco, TX-based, ExteNet Systems, LLC is the leading national provider of converged communications infrastructure and services addressing outdoor, real estate, communities, and enterprise advanced connectivity needs. ExteNet's strategy is customer-centered, and its mission is to provide best-in-class connectivity solutions, including fiber and mobility, for its customers. Major investors in ExteNet Systems include Digital Bridge (NYSE: BDRG), John Hancock Life Insurance Company (U.S.A.), and Stonepeak Infrastructure Partners. "ExteNet^®" is a registered trademark of ExteNet Systems, LLC.

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SOURCE ExteNet Systems

FAQ

What is the significance of T-Mobile's agreement with ExteNet (TMUS)?

The agreement enables T-Mobile to deploy advanced digital wireless infrastructure, enhancing 5G capabilities in large venues.

When did the partnership between T-Mobile and ExteNet begin?

The expanded partnership took effect on October 1, 2022.

How will the T-Mobile and ExteNet agreement impact MGM Resorts properties?

T-Mobile will be the first carrier to join the new wireless network deployed in each MGM Resorts property, enhancing connectivity for guests.

What are the expected benefits of the T-Mobile and ExteNet partnership for users?

Users can expect superior wireless communications and improved experiences in large venues due to the new infrastructure.