Demand is rapidly increasing for services and solutions that can enable the deployment of advanced, next-generation wireless networks. Just recently, a merger was announced between NextEdge Networks and Modus — a move that will answer the call from wireless carriers, municipalities and business owners seeking network densification.
The combined company is a recognized expert in the field of small cell and DAS deployments. It has jointly designed, permitted and executed over 4,000 node deployments across more than 40 states. NextEdge Networks has also completed over 3,500 fiber to cell installations, as well as the first micro cell deployment, the first western U.S. small cell installation, the first U.S. 5G deployment and multiple high profile DAS installations.
NextEdge Networks’ leadership is comprised of executives who are highly-experienced in developing, deploying and owning wireless infrastructure. CEO Doug Wiest formerly served as CEO of LightTower, COO of American Tower and EVP of EdgeConneX®. And CFO Chris Maguire was formerly CFO of Golden State Towers and EVP of American Tower, and has also held CFO and strategic consulting positions across the radio, wireless and renewable energy industries.
Chad Abbott, Erik Corkery and Ryan Crowley, who founded Modus in 2005, will serve as EVPs of the new organization and will continue to lead the service activities of NextEdge Networks. Individually, they each bring over twenty years of experience in working with major wireless carriers and OEMs in building and deploying wireless networks.
The new company will provide a variety of services for small cell deployments, with a focus on construction and construction management, site acquisition and jurisdictional partnerships, program management, fiber deployment, in-building DAS and small cell installations and maintenance.
“The rapid growth of data usage is causing increasing demands on our wireless infrastructure and wireless providers which require innovative solutions aligning the interests of all stakeholders,” stated Doug Wiest. “Our combined capabilities, as well as our experience and success in the most difficult of jurisdictions, allow us to partner with wireless carriers, municipalities and business owners to create long term alignment to address the impending need of network densification.”
The founders of Modus also commented on the announcement.
“The combination of Modus with NextEdge Networks, along with the financial backing from Titan Grove, is a natural evolution of the rapid growth of Modus,” they said in a statement. “Our combined capabilities and access to capital will allow us to expand our breadth and reach to further support our customers’ expansion plans.”
NextEdge, which was founded in 2016 when Titan Grove purchased the small cell assets of EdgeConneX, will continue to be headquartered in San Francisco.
“We founded NextEdge Networks to provide solutions we felt were missing to enable the next generation of wireless infrastructure to flourish,” stated Titan Grove Partner Scott Troeller. “In less than a year, we have established a significant platform of end-to-end capabilities and expertise allowing us to complete deployments with speed and quality few can match. Our unique funding structure and access to capital combined with the talents of our deep management team will bring creative solutions needed to improve the quality and speed of wireless communications both in-building and outdoors.”
NextEdge Networks has also been recognized as our nation’s first wireless infrastructure Benefit Corporation (B Corp). This enables the company’s board of directors to pursue a mission that will have a positive impact on society, the environment, team members, business partners and shareholders.
“Wireless networks are the critical backbone which will empower smart cities and smart buildings, and we are delighted to have an extraordinary executive team focused on growing the company as a highly innovative, mission driven B Corp,” explained Jeffrey Tannenbaum, Chairman.
To learn more about NextEdge Networks, click here.