N
Neutral Connect Networks
New breed of tower company, offering neutral hosting of networks in addition to traditional attachment
About Neutral Connect Networks
Neutral Connect Networks (NCN) operates as a pivotal player in the wireless communications infrastructure sector, focusing on neutral-host networks. Founded in 2016 by Paul McGinn, who brought over two decades of experience from the mobile tower industry, the company was established to address the growing demand for shared wireless infrastructure. The firm's business model centers on building and operating multi-carrier, neutral-host Distributed Antenna Systems (DAS) and small cell networks, which it then leases to multiple wireless service providers. This approach offers a cost-effective solution for carriers by eliminating the need for each to build out separate, redundant infrastructure.
The company's core service is providing robust, carrier-grade wireless connectivity in high-traffic and hard-to-cover locations such as sports and entertainment venues, transportation hubs, commercial real estate, and healthcare facilities. NCN's networks are designed to be carrier-agnostic, allowing major providers like Verizon, AT&T, and T-Mobile to coexist on a single, shared system. Revenue is generated by leasing this infrastructure to a diverse client base that includes wireless service providers, cable companies, venue owners, and enterprise customers. The services encompass the entire lifecycle of a wireless network, including design, engineering, installation, project management, monitoring, and maintenance.
A significant milestone in the company's history occurred in March 2019 when M/C Partners, NCN's primary equity investor, acquired Connectivity Wireless Solutions and consolidated the two businesses. This strategic move created a combined entity with enhanced scale and technical expertise, positioning it for accelerated growth in the in-building wireless market, especially with the advent of 5G, CBRS, and private LTE networks. Following the consolidation, the integrated company operates with Connectivity Wireless handling the deployment and service aspects, while Neutral Connect Networks manages the neutral-host systems, assets, and contracts. This structure allows the firm to offer comprehensive, turnkey solutions—from initial consultation and financing to long-term network management—ensuring ubiquitous wireless coverage for its clients' end-users.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2016
- Headquarters
- Duluth, United States
- Employees
- 84
- Open positions
- None listed
- Dealroom signal
- 42.6/100
- Industry
- Hosting
- Sector
- Hosting, WiFi
- Client focus
- b2b
- Investment activity
- 1 company, latest Jul 2017
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Jul 2017 | $30M | $120M | M/C Partners | — |
Growth signals
Latest recorded traffic for Neutral Connect Networks is 0 monthly website visits, down 100% over the last three months. Neutral Connect Networks's team grew 3.7% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later1 investor entered at this stage
M/C Partners
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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