Newport Beach-based telecom infrastructure firm Mobilitie has been wrapped into a new global company as part of an internal restructuring by owner BAI Communications of Australia.
Mobilitie, which called itself the largest privately held telecommunications infrastructure company in the U.S. before its sale to BAI in 2021, will be part of the newly formed Boldyn Networks as of June 30.
The Boldyn Networks’ umbrella will also include BAI’s four other recently acquired companies, including Signal Point Systems, Transit Wireless, Vilicom and ZenFi Networks as well as BAI itself.
“This news reflects the significant growth in our business throughout the U.S. as well as globally,” Mobilitie CEO Christos Karmis told the Business Journal on March 16. “All of our employees and clients are very excited about the associated benefits.”
The company builds a variety of wireless and fiber networks, including 5G networks and small-cell towers. Customers range from “marquee sports and live music venues to high-rise office buildings, major public transportation systems to high-end hotels and resorts,” it says.
Mobilitie, founded by OC entrepreneur Gary Jabara and sold to BAI in 2021 for a reported $1.7 billion, ranked No. 13 of OC Telecommunications and Wireless Companies with 76 local employees as of last year, according to Business Journal research.
Jabara has since focused on commercial real estate investments, spending more than $600 million on a series of notable acquisitions in California through his locally based Boardwalk Investments Group.
BAI said earlier this month the “new powerhouse will immediately become one of the world’s largest shared network infrastructure providers, supporting mobile and fixed network operators and customers in the transit, venue, government, military, and enterprise sectors with an integrated portfolio and expanded capabilities.”
The combined companies will support mobile and fixed network operators and customers in the transit, venue, government, military and enterprise sectors.
Mobilitie’s infrastructure offerings enable wireless coverage in a variety of settings, ranging from stadiums to casinos as telecommunications companies increasingly focus on super-fast 5G wireless technology.
The Newport Beach company’s projects include public transit systems in the San Francisco Bay Area and Seattle, as well as 5G networks at LA’s Crypto.com arena and L.A. Live and the T-Mobile Arena in Las Vegas.
Boldyn will operate “under one leadership team, harnessing the strong talent and capabilities that each business brings,” the companies said in a statement on March 17.
“The growth opportunities in the U.S. are substantial, and BAI Communications will be integrating the U.S. businesses under one leadership team later in the year,” according to the statement.
Karmis’ position in Boldyn hasn’t been disclosed. Additional details are expected to be released soon, according to a company spokesperson.
Boldyn Networks is backed by the Canada Pension Plan Investment Board, which has been the majority owner of BAI Communications since 2009.
BAI acquired Mobilitie, Signal Point Systems and ZenFi Networks in the U.S., and Vilicom in Ireland and the U.K. over the past two years.
Some of the many projects of the companies soon to come under the Boldyn Networks banner include long-term agreements with transit authorities to deliver connected solutions for subway systems in New York, Toronto, Hong Kong and London in addition to San Francisco.
“The company has ambitious plans for the future, including exploring new potential acquisitions,” BAI said.
Boldyn Networks counts nearly 700 employees across offices in the U.S., the U.K., Ireland, Italy, Hong Kong and Canada. The company will not be based in Australia, with officials noting its global base will operate out of the northern hemisphere.