BNET Industries

Market Cap:$96.2M
Last Fiscal Year Sales:$58.2M
  • Public
  • US
Dow Jones Description

We provide complex interconnection services enabling the exchange of voice, video and data traffic between multiple global networks. We own and operate integrated colocation facilities and diverse transport routes in the gateway markets of New York/New Jersey, Los Angeles, Chicago and Miami. Our network infrastructure and facilities are designed to provide comprehensive broadband interconnectivity for the worlds largest network operators, including leading domestic and international telecommunications carriers and service providers. We operate with the reliability and resiliency to deliver core network backbone services for mission critical requirements. In our network-neutral colocation facilities, we provide racks, cabinets and customized caged spaces for our customers to deploy networking equipment and establish network points of presence. The facilities are located in the key carrier hotels of our gateway markets. A carrier hotel is an industrial or commercial building in which a network operator houses its networking equipment. We also provide redundant power systems, environmental controls and security for customers colocation needs at these network aggregation points. Within and between our facilities, we provide transport services that enable our customers to directly interconnect with each other over our networks. Our interconnection services include optical and electrical cross-connections and peering, lit connectivity, wavelengths and dark fiber services. ...

Director, President and Chief Executive OfficerJon A. Deluca
Number of Employees 73
Contact Information

220 W 42nd St

New York, New York 10036

www.ftgx.com

(212) 405-6200

NAICS Code Wired Telecommunications Carriers: 517110

Recent Events

  • Levi & Korsinsky, LLP Announces Class Action Lawsuit Against FiberNet Telecom Group, Inc. -- FTGX

    6/25/09 - Merger / Acquisition - View Story

  • Sarraf Gentile LLP Announces Filing of Lawsuit in Connection With

    6/25/09 - Merger / Acquisition - View Story

  • Zayo to Merge With FiberNet

    5/30/09 - Merger / Acquisition - View Story

  • Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of FiberNet Telecom...

    6/01/09 - Merger / Acquisition - View Story

  • FiberNet Selects Ekinops Optical Gear

    5/19/09 - Licensing / Contract - View Story

  • FiberNet Telecom Group Q1 loss narrows - Quick Facts

    5/15/09 - Financial Announcement - View Story

  • FiberNet Reports Fourth Quarter and Full Year 2008 Results

    3/12/09 - Financial Announcement - View Story

News & Analysis

fibernet telecom group inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Jon A. Deluca Director, President and Chief Executive Officer
Charles S. Wiesenhart Vice President Finance and Chief Financial Officer
Ernest Hoffmann Senior Vice President, Network Services
Michael Hubner General Counsel & Senior Vice President
Tom Brown Senior Vice President, Sales & Marketing
Arthur Valhuerdi Vice President, Infrastructure
Ernie Hoffmann Vice President of Engineering
John Dowd Vice President, Business Dev
John Ennis Vice President, Operations & IT

Board of Directors

Name (plus bio) Position
Robert E. La Blanc Director, Chairman
Adam M. Brodsky Board of Directors
Charles J. Mahoney Board of Directors
Michael S. Liss Board of Directors
Oskar Brecher Board of Directors
Richard E. Sayers Vice Chairman
Roy D. Farmer III Board of Directors
Timothy Bradley Board Member
Organization Position Status
Fibernet Chief Executive Officer Current
FiberNet Telecom Group, Inc. Director, President and Chief Executive Officer Current
FiberNet Telecom Group, Inc. Board of Directors Current
Fibernet President Former
Stearns Inc. Former
Bear, Inc. Former
Trinity College BA Former

Mr. Wiesenhart is our Vice President of Finance and Chief Financial Officer. From 2001 until his promotion in 2006, Mr. Wiesenhart was our Controller, and from 2000 to 2001, he served as our Assistant Controller. From 1993 to 2000, Mr. Wiesenhart was employed at Deloitte & Touche LLP. Mr. Wiesenhart has a B.B.A. in Accountancy from Baruch College of the City University of New York.

Organization Position Status
FiberNet Telecom Group, Inc. Vice President Finance and Chief Financial Officer Current
FiberNet Telecom Group, Inc. Controller Former
Baruch College B.B.A. In Accountancy Former
Organization Position Status
FiberNet Telecom Group, Inc. Senior Vice President, Network Services Current
Fibernet Current
Polytechnic University M.S. In Telecommunications and Computing Management Former
Boston University B.S. In Electrical Engineering Former
Organization Position Status
FiberNet Telecom Group, Inc. General Counsel & Senior Vice President Current
New York University J.D. Former
Lafayette College B.A. Former

Mr. Brown is the Senior Vice President of Sales and Marketing. From 1997 to 1999, Mr. Brown was Director of Carrier Sales at DirectNet Telecommunications LLC, a private International Carrier. From 1992 to 1997 Mr. Brown held various managerial positions with both LCI International and AT&T. Mr. Brown has a BA degree from University of Massachusetts at Amherst.

Organization Position Status
FiberNet Telecom Group, Inc. Senior Vice President, Sales & Marketing Current
FiberNet Telecom Group, Inc. Sales Executive Former
University of Massachusetts Amherst BA Former
Organization Position Status
FiberNet Telecom Group, Inc. Vice President, Infrastructure Current
The George Washington University Master's Certificate in Project Management Former
Manhattan College B.S. In Electrical Engineering Former

Mr. Hoffmann is the Senior Vice President of Network Services. The network services team is responsible for construction, installation, engineering, network management and maintenance as well as strategic network planning. Ernest is responsible for the execution of all aspects of service delivery throughout FiberNet. Mr. Hoffman joined FiberNet in 2000. Prior to that, he spent 12 years at Verizon holding a variety of engineering and construction management positions of increasing scope throughout the boroughs of New York City. Mr. Hoffmann holds a B.S. degree in Electrical Engineering from Boston University and a M.S. in Telecommunications and Computing Management from Polytechnic University.

Organization Position Status
FiberNet Telecom Group, Inc. Vice President of Engineering Current
Polytechnic University M.S. In Telecommunications and Computing Management Former
Boston University B.S. Degree In Electrical Engineering Former
Organization Position Status
FiberNet Telecom Group, Inc. Vice President, Business Dev Current
New York University M.B.A. Former
Villanova University B.S. In Civil Engineering Former

Mr. Ennis is the Vice President of Operations and Information Technology. From 1984 to 2000, he held various systems engineering and management positions at AT&T Bell Laboratories and AT&T Network Operations. From 1975 to 1980, he served as a Communications Officer and a Nuclear Reactor Officer in the U.S. Navy. Mr. Ennis has a B.S. degree from the U.S. Naval Academy and a Ph.D. in Nuclear Physics from Yale University.

Organization Position Status
FiberNet Telecom Group, Inc. Vice President, Operations & IT Current
Yale University Ph.D. In Nuclear Physics Former
United States Naval Academy B.S. degree Former
Yale University B.S. Former

ROBERT E. LA BLANC was appointed as Chairman of the Board in 2008 and has served as one of our directors since 2003. He is President of Robert E. La Blanc Associates, Inc., an information technologies consulting and investment banking firm, and is active in the field of venture capital. Prior to founding La Blanc Associates, in 1981, Mr. La Blanc was Vice Chairman of Continental Telecom, Inc., a diversified telecommunications company providing service to over three million customers in 2,000 communities in 37 states and the Caribbean. Prior to joining Continental, he spent ten years with the major investment banking firm of Salomon Brothers Inc. where he was a General Partner and the founder of the firm s telecommunications team. Mr. La Blanc is currently a director of the following public companies: CA Inc. and more than 75 Prudential Mutual Funds. Mr. La Blanc holds the degrees of Bachelor of Electrical Engineering from Manhattan College and Master in Business Administration from New York University. He is also a graduate of an extensive technical training program at the Bell Telephone Laboratories.

Organization Position Status
FiberNet Telecom Group, Inc. Director, Chairman Current
Norwood Venture Corp Chairman Current
Edelson Technology Partners Chairman Current
Titan Corporation Director Current
Jk&B Capital Board of Directors Current
Chartered Semiconductor Manufacturing Ltd. Director Current
Cross Border Enterprises Board of Directors Current
Coleman Research Group, Inc. Board of Directors Current
Norwood Venture Corp Director Current
Bell Laboratories General Partner Former
Salomon Brothers, Inc. General Partner Former
Salomon Brothers General Partner Former
Salomon Brothers Inc. General Partner Former
Continental Former
AT&T Inc. Former
Manhattan College Vice-Chair Former
FiberNet Telecom Group, Inc. Board of Directors Former
Continental Telecom Company Vice Chairman Former
M/A-COM, Inc. Director Former
European American Bank Director Former
New York University MBA Former
Manhattan College B.E.E. Former
Organization Position Status
Muhlenberg College Board of Directors Current
FiberNet Telecom Group, Inc. Board of Directors Current
Muhlenberg College B.A. Former

Mr. Charles Mahoney has served as one of our directors since 1999. Previously, he served as President and Chief Executive Officer of Arcade Building Services, a wholly-owned subsidiary of Tishman Speyer Properties, L.P. From 1990 to 2000, he was Senior Managing Director and Managing Director with Tishman Speyer Properties. Prior to his employment at Tishman Speyer Properties, Mr. Mahoney was Senior Vice President, Director of Engineering and Construction at the Helmsley Organization and General Manager of Operations at Consolidated Edison Inc. He holds a B.S. from C.W. Post College.

Organization Position Status
FiberNet Telecom Group, Inc. Board of Directors Current
Tishman Speyer Properties LP Senior Managing Director Former
C.W. Post College B.S. Former
Organization Position Status
FiberNet Telecom Group, Inc. Board of Directors Current
Lazard Ltd. Managing Director Former
FiberNet Telecom Group, Inc. Chairman of the Board Former
Yale Law School J.D. Former
Columbia University B.A. Former
Organization Position Status
Afc Realty Capital, Inc. Current
FiberNet Telecom Group, Inc. Board of Directors Current
The Moinian Group Director of Development Former
The Cadillac Fairview Corporation Limited senior executive Former
FiberNet Telecom Group, Inc. member Former
Harvard University M.B.A. Former
McGill University Bachelor of Architecture Former

Mr. Richard Sayers was appointed as Vice Chairman of our Board of Directors in July 2004. He has served as one of our directors since 1999. Since 1996, he has served as President of Taurus Telecommunications, Inc., a private consulting company in the telecommunications industry. From 1994 to 1996, Mr. Sayers was the Vice Chairman of ACC Corp. and President of its International Group, serving as Chairman of ACC Telenterprises (ACC-Canada) and Chairman of ACC Long Distance, United Kingdom. Mr. Sayers has nearly 40 years of executive-level experience in the telecommunications industry. He has a B.S. in Electrical Engineering and a B.A. in English from Union College.

Organization Position Status
FiberNet Telecom Group, Inc. Vice Chairman Current
Fibernet Vice Chairman Current
International Group President Former
American Campus Communities, Inc. Vice Chairman Former
Fibernet Board of Directors Former
FiberNet Telecom Group, Inc. Board of Directors Former
Union College B.S. In Electrical Engineering Former

Mr. Roy (Trey) Farmer III has served as one of our directors since 1999. Mr. Farmer is a managing partner of BBF Partners Aktiengesellschaft, a private merchant banking fund based in Istanbul, Turkey and Vaduz, Liechtenstein. From 1999 to 2001, Mr. Farmer was our Executive Vice President and then our Chief Operating Officer. From 1998 to 1999, he was a partner of Sterling Capital LLC, a private investment firm. From 1997 to 1998, Mr. Farmer worked with a group of strategic consulting firms that repositioned technology companies. He has an A.B. from Princeton University, a M.Ed. from Harvard University and a M.A.R. From Yale University.

Organization Position Status
FiberNet Telecom Group, Inc. Board of Directors Current
Sterling Capital Corporation Partner Former
Princeton University A.B. Former
Organization Position Status
Signal Equity Partners Co-Founder Current
The-Signal.Com Co-Founder Current
Oceanic Digital Communications Board Member Current
FiberNet Telecom Group, Inc. Board Member Current
Signal Equity Partners Managing Director Former
Signal Equity Partners Managing Partner Former
Beta Gamma Sigma Board of Directors Former
New York University School of Law Jd Former
New York University J.D. Former
Columbia Business School MBA Former
Yale University BA Former
Beta Gamma Sigma Member Former

Executive News

  • FiberNet Selects Ekinops Optical Gear

    XChange Magazine - 5/19/09 - View Story

  • FiberNet Telecom Group Selects Ekinops 360 Optical Transport, Citing Reliability, Management, Density and Cost Benefits

    Reuters - 5/19/09 - View Story

  • FiberNet Telecom Group Selects Ekinops 360 Optical Transport, Citing Reliability, Management,...

    Forbes.com - 5/19/09 - View Story

  • FiberNet Telecom Group Selects Ekinops 360 Optical Transport, Citing Reliability, Management, Density and Cost Benefits

    Business Wire - 5/19/09 - View Story

  • FiberNet Reports First Quarter 2009 Results

    PR Newswire - 5/15/09 - View Story

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     FTGX $12.60 -0.09 (-0.71% )
Average Volume 63,012
Shares Outstanding 7.67M
Market Cap 96.6M
Year High 13.33
Year Low 5.2
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
Glass Door

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