Pilot Fiber said on 22 October 2026 that it had agreed to acquire the New York and New Jersey metro fibre business of Boldyn Networks, alongside more than US$330m of new financing led by Fengate Asset Management.
Why Pilot Fiber (backed by Fengate Infrastructure Fund V) is buying Boldyn Networks' New York and New Jersey metro fibre business
The deal extends Pilot's reach into Brooklyn, Queens, the Bronx, Staten Island and across New Jersey, taking its owned footprint to more than 1,600 route miles, 1,200 buildings and 50 data centres. About 100 enterprise, carrier and institutional customers will move onto Pilot's platform.
“This acquisition unlocks a new level of scale for us”
Deal terms and financing
Financial terms were not disclosed. Fengate is investing equity through Fengate Infrastructure Fund V and its head of digital infrastructure, Warren Roll, will join Pilot's board. Boldyn keeps access to the fibre through a long-term strategic partnership.
Regulatory approvals and timing
Closing is expected in the second quarter of 2027, subject to customary conditions and regulatory approvals.
Market context
It is Pilot's second acquisition of 2026, after it completed the purchase of Extenet's enterprise fibre business in August. Boldyn is focusing on its venue, in-building and transport wireless business.
