Pilot Fiber, an enterprise connectivity provider focused on the New York metro area, said it has entered into a definitive agreement to acquire the enterprise fiber business of Extenet Systems, a deal that would extend Pilot’s owned network footprint into New Jersey and deepen its reach into financial services, enterprise, and carrier markets.
The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals.
Extenet’s enterprise fiber business includes assets acquired prior to Hudson Fiber Network, which connects Manhattan to New Jersey via a Hudson River crossing serving the financial services industry, and Axiom Fiber Network, a New York City startup that provided high-capacity dark fiber between data centers. Pilot said the combination would expand its footprint into New Jersey, add more than 20 data centers to its network, and support growth across enterprise, carrier, wholesale, financial services, healthcare, and other verticals.
Pilot said the acquired assets would strengthen connectivity between Manhattan and major New Jersey data center corridors, supporting customers that require diverse, high-capacity routes. The company also said the transaction would materially expand its capabilities across data centers and enterprise buildings, including better access to key financial exchange data centers such as NASDAQ and NYSE, additional on-net reach into strategic enterprise locations, and more diverse fiber entrances into new data centers to give customers greater control and customization. Pilot also pointed to increased network diversity for carrier and wholesale customers and additional capacity to support latency-sensitive applications, including in financial services and AI.
Extenet’s enterprise fiber business serves about 200 enterprise, carrier, and institutional customers across sectors including financial services, healthcare, media, and higher education. Pilot said it plans to integrate those customers onto its network and platforms by the time the transaction closes, aiming to improve service delivery, response times, and the overall customer experience.
Pilot Fiber said it has built more than 300 miles of fiber throughout New York City since 2014 and provides services including dedicated internet access, ethernet transport, dark fiber, wavelength, and IP transit. Extenet is headquartered in Frisco, Texas, and describes itself as a privately held digital infrastructure provider serving wireless carriers, venues, enterprises, and public-sector customers.
Financial terms were not disclosed. Bank Street Group served as exclusive financial advisor to Extenet on the transaction.
KEY QUOTES
“This acquisition meaningfully advances Pilot’s long-term strategy. Extenet has assembled a high-density fiber network, established enterprise and carrier relationships, and built a footprint that reaches all of the major carrier hotels. We see a clear path to providing additional value and an exceptional customer experience to our new and existing customers across a larger fiber footprint.
“Our in-house construction capabilities, modern network architecture, and direct customer support model position us to immediately enhance service quality for these customers.
We’re investing in both the network infrastructure and the customer experience from day one.”
Joseph Fasone, Chief Executive Officer, Pilot Fiber
