Pilot Fiber Acquires Extenet Fiber Assets, Expands Network

Pilot Fiber has significantly broadened its digital infrastructure footprint by finalizing the acquisition of Extenet Systems’ enterprise fiber operations. This strategic move not only extends Pilot Fiber’s reach into New Jersey but also integrates over 20 key data centers into its existing network. The acquired assets, which previously belonged to Hudson Fiber Network and Axiom Fiber Network, bolster Pilot Fiber's capacity to serve a demanding market.

The integration of Extenet's enterprise fiber business is particularly impactful for financial services and carrier clients. The newly acquired infrastructure provides direct connectivity to major financial exchanges, including the Nasdaq and the New York Stock Exchange. This enhanced access is crucial for high-frequency trading firms and other financial institutions that rely on ultra-low latency connections. The transaction also brings approximately 200 enterprise, carrier, and institutional customers from sectors such as financial services, healthcare, media, and higher education under the Pilot Fiber umbrella.

Joseph Fasone, CEO of Pilot Fiber, expressed enthusiasm for the integration, stating, "This is an exciting moment for us as we welcome Extenet’s customer base to Pilot. The combined network allows us to deliver more value to both new and existing customers." He further emphasized the company's commitment to operational excellence and future growth, noting, "With the acquisition complete, our focus turns to execution. We will be investing in this infrastructure and our newly acquired footprint in New Jersey while continuing to provide customers with a world-class experience."

This acquisition positions Pilot Fiber to capitalize on the robust demand for high-speed, reliable connectivity in the New York metropolitan area and beyond. The company has a proven track record, having deployed over 300 miles of fiber across New York City since 2014, serving more than 3,700 businesses in over 1,000 buildings. Pilot Fiber is known for its rapid deployment times, offering services like dedicated internet access, Ethernet transport, dark fiber, wavelengths, and IP transit with installation in on-net buildings typically ranging from five to 15 days, significantly faster than the industry standard of 30 to 90 days.

The expansion into New Jersey and the addition of critical data center connectivity are timely, given the ongoing digital transformation across industries. The demand for robust data center interconnectivity and low-latency network solutions continues to surge, driven by cloud computing, big data analytics, and the proliferation of 5G technologies. Pilot Fiber's enhanced network capabilities are well-suited to meet these evolving market needs, offering a competitive advantage in a sector characterized by rapid technological advancement and increasing infrastructure requirements.

Pilot Fiber's strategic investment in the newly acquired New Jersey infrastructure signals a long-term commitment to expanding its service offerings and network density. By integrating Extenet's assets, Pilot Fiber not only gains immediate scale but also secures a foundation for future network enhancements and service innovations. This move solidifies Pilot Fiber's position as a significant player in the regional digital infrastructure market, poised to support the growing connectivity demands of businesses operating in one of the nation's most dynamic economic hubs.