- Founded
- 2001-01-01 in Virginia, United States
- Headquarters
- 2595 North Dallas Parkway, Suite 300, Frisco, TX 75034, United States
Nexius Solutions, Inc. was a privately held telecommunications company specializing in end-to-end wireless network deployment, including site acquisition, engineering design, civil construction, installation, and optimization. Founded in 2001 by brothers Nabil and Ned Taleb in a Virginia apartment, the company grew into a multi-corporation enterprise with over $1 billion in revenue by 2022. It served major clients such as AT&T Wireless and employed thousands across offices in Frisco, Texas, and other locations. In June 2023, Nexius filed for Chapter 7 bankruptcy with over $600 million in debts, becoming the largest bankruptcy in the wireless infrastructure industry and leaving many creditors unpaid.
Detailed Review
History and Growth
Nexius was founded in 2001 by brothers Nabil and Ned Taleb, along with co-founder Greg Alden, starting from a two-bedroom apartment in Virginia. The company bootstrapped its first year, generating $1 million in revenue, and expanded over two decades through organic growth and affiliated entities such as Velex, Allios, AccuV, Myndco, and Intelgica. The U.S. 5G rollout and demand for fiber and small-cell densification fueled rapid growth, leading to over $1 billion in revenue by 2022.
Services and Business Model
The company offered integrated deployment services covering the full lifecycle: site audits, acquisition and entitlements, architectural and engineering design, civil construction (aerial, buried, underground), installation and commissioning of cellular, DAS, and CBRS systems, network planning and optimization, outside plant design, and in-building wireless. A minor software development arm, nexius.ai, built e-commerce and custom applications but was not core to the business.
Bankruptcy and Aftermath
On June 2, 2023, Nexius and its affiliates filed for Chapter 7 bankruptcy, listing total debts around $600 million. The largest unsecured creditor was CommScope Technologies LLC, owed $21 million. The company had made preferential payments of over $4.5 million to Novelus, a company co-owned by Chairman Nabil Taleb, while subcontractors and suppliers remained unpaid. The bankruptcy court was expected to investigate clawbacks. Operations effectively ceased, the website went offline, and offices were vacated. This was the largest bankruptcy in the wireless infrastructure sector, highlighting the high-risk, low-margin nature of telecom construction and dependence on a few large customers.
Key Products
Network Deployment Services
End-to-end wireless network rollout including cell towers, small cells, DAS, and fiber.
Site Acquisition & Permitting
Zoning, entitlements, and regulatory approvals for telecommunications sites.
Civil Construction
Aerial, buried, and underground conduit and fiber construction.
Installation & Commissioning
On-site equipment installation, RAN integration, and network activation.
Network Optimization
Drive testing, performance engineering, and capacity management.
In-Building Wireless (iDAS/oDAS)
Design and installation of indoor and outdoor distributed antenna systems.
Velex, Allios, AccuV, Myndco, Intelgica
Affiliated legal entities included in the 2023 Chapter 7 bankruptcy filings, used for specific service lines or regions.
Offices & Headcount
2500 employees (approx.)
Key Persons
- Nabil Taleb
Co-Founder, Chairman
- Ned Taleb
Co-Founder, President & CEO