Not only did MetroNet expand its Michigan market by completing the acquisition of Lansing-based LightSpeed Fiber Communications, but the company completed a massive upgrade that allows customers to have symmetric upload and download speedsall the way up to 200/200Mbps. "We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR," said John Cinelli, MetroNet CEO. John Cinelli - Director of Architecture - Lettuce Entertain You MetroNet is bridging the digital divide as one of the fastest-growing providers of fiber optic high-speed broadband services in the nation, and is known for its superior customer service provided through a strong local presence. At the same time, Cinelli's father, Al, was a corporate attorney in Overland Park, Kansas. For more information, please visit: www.oakhill.com. Chuck is an adjunct professor at Purdue University, where he lectures on damage prevention and safety. All rights reserved. Metronet is on the low end of the scale as it charges a $25 installation fee upon signing up for service. Metronet Begins Construction of 100 Percent Fiber Optic Network - Yahoo This tremendous investment brings unprecedented capabilities to existing businesses and gives Fayetteville the infrastructure and competitive edge needed to attract new 9*+business and grow jobs, Fayetteville Mayor Mitch Colvin said. Like many fiber providers, Metronet does not feature data caps on any of its plans. As part of the transaction, Oak Hill and KKR will each make new investments to help accelerate MetroNet's growth in building and connecting fiber-to-the-premise (FTTP) data, television, and telephone services to homes and businesses. Oak Hill and KKR will each make new investments to help accelerate Evansville, Ind.-based MetroNets growth in building and connecting fiber-to-the-premise (FTTP) data, television, and telephone services to homes and businesses. This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. Metronet Announces Start of Installations in Fayetteville, NC John Cinelli, Metronet CEO. Those interested in Metronet services call call the sign up number above or check for availability at their address to receive construction updates, access presale information and more. Likewise, keeping our crews and associates safe is one of our highest priorities. MetroNet's state-of-the-art fiber optic network is built to the highest technical standards, with its existing infrastructure having supported reliable service over the past year when COVID-induced disruptions substantially increased the need for greater bandwidth for tele-work, school, health, and more. Wi-Fi buses: What are they and how are they helping virtual learners in Cumberland County? But it nabbed an A-plus rating, and its numbers were better than the scores of rival providers like Charter Spectrum (1.07), Frontier (1.06), Viasat (1.03) and HughesNet (1.02). KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. The transaction is expected to close in the 3rd quarter, subject to regulatory approvals and other customary closing conditions. Funds managed by KKR will join long-time partner Oak Hill Capital and company management as investors in MetroNet. MetroNet Fiber Announces Acquisition of Lansing's LightSpeed Fiber Media Contact for KKR: Cara Major . Our strategy of building 100% fiber optic networks and connecting directly to homes and businesses without the use of public funds has proven to be a very effective approach to helping with the first two components. We believe that reliable, high-speed access to the Internet represents a fundamental underpinning of economic growth and equal opportunity for all Americans, from small towns to big cities, said Benjy Diesbach and Scott Baker, partners at Oak Hill. More:Wi-Fi buses: What are they and how are they helping virtual learners in Cumberland County? The American Customer Satisfaction Index-- which we frequently use to help gauge how providers fare with US subscribers -- notes that the internet industry regularly ranks at the bottom among all tracked categories. We ask for your address to help pinpoint which providers and plans are available in your area. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. We look forward to maintaining our commitment to excellence in serving our customers and communities.". MetroNet Announces $50 Million+ Investment in Palm Coast FiberNET The customer- focused company provides cutting-edge fiber optic communication services, including high-speed Fiber Internet, full-featured Fiber Phone, and Fiber IPTV with a wide variety of programing. We believe that reliable, high-speed access to the Internet represents a fundamental underpinning of economic growth and equal opportunity for all Americans, from small towns to big cities, said Benjy Diesbach and Scott Baker, partners at Oak Hill. However, usually, that charge ranges between $50 and $99, depending on the provider. You can't really go wrong with an FTTH connection. MetroNet, which started in 2005, has grown to 120 communities across much of the Midwest and southeastern U.S. MetroNet is a 100 percent Fiber Optic Company headquartered in Evansville, Indiana. In a 2022 press release, Cinelli boasted, "Metronet provides quality service to each of our customers through our fast and reliable fiber-optic internet while supporting the continued growth and economic development of the communities we serve.". Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. StamfordOne Stamford Plaza263 Tresser Boulevard, 15th FloorStamford, CT 06901203-328-1600, New York65 East 55th Street32nd FloorNew York, NY 10022212-527-8400, Menlo Park3000 Sand Hill RoadBldg 2, Suite 160Menlo Park, CA 94025650-234-0500, Andrew BurdickPartner & Head of Investor Relationsaburdick@oakhill.com, Jacob ShulmanDirector, Investor Relationsjshulman@oakhill.com, Morgan UngerAssociate, Investor Relationsmunger@oakhill.com, 2019 Oak Hill Capital, All rights reserved. We've noted numerous times in our CNET ISP reviews that it's hard to beat the performance of a fiber-to-the-home internet connection. We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR, said John Cinelli, MetroNet CEO. The same is true for me and most of my calls now are video versus voice alone. MetroNet delivers affordable symmetrical speeds of up to 10 Gbps to homes and businesses in underserved, small town America, and is credited with creating the largest Gigabit city in the U.S. by fully wiring Lexington, Kentucky. Metronet started in 2005 with one fiber optic network in Greencastle, Indiana, and has since grown to serving and constructing networks in more than 120 communities across Indiana, Illinois, Iowa, Kentucky, Michigan, Minnesota, Ohio, Florida, North Carolina, Virginia, Texas, Wisconsin, and Missouri. "We got picked," said Alfin of the company's selective process. "Residents and businesses will soon be able to experience a future-proof network in a time when reliable access has become critical." Being able to watch your favorite programs without interruptions is very important. visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Metronet Customer Tools and Resources - Metronet Support 10+ "John Cinelli" profiles | LinkedIn KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. CMN-RUS Inc., doing business as MetroNet, fiber optic communication services. "We believe that reliable, high-speed access to the Internet represents a fundamental underpinning of economic growth and equal opportunity for all Americans, from small towns to big cities," said Benjy Diesbach and Scott Baker, partners at Oak Hill. TD Securities served as advisor to Oak Hill. AT&T, Frontier Communications, Verizon and Ziply Fiber announced new multigigabit internet plans. Metronet | Metronet Announces Expansion of 100 Percent Fiber Optic References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. Years in Media & Broadband: My career in telecom/broadband started in 1990 before the popularity of cell phones, when pay phones were ubiquitous and we used calling cards to check our voicemail while travelling. "Metronet is proud to officially declare Bettendorf a Certified Gigabit City Powered by Metronet as we continue to ensure that residents and businesses throughout the city, and much of the Quad Cities, have access to a network that supports the future success of their community," said John Cinelli, Metronet CEO. For instance, CenturyLink's lowest fiber option is 200Mbps, AT&T and Verizon Fios start at 300Mbps, and Frontier's opening salvo is 500Mbps. Cinergy Metronet is situated in IN. For more information, please visit:www.oakhill.com. MetroNet President John Cinelli said projects of similar size usually take about two years. Education: BA, Tufts University My personal superpower is: I connect easily with people. When we last reviewed Metronet, it offered no speed tiers above one gig. As of this writing, Metronet Internet is available to over 250 communities in 16 states: Colorado, Florida, Illinois, Indiana, Iowa, Kentucky, Louisiana, North Carolina, Michigan, Minnesota, Missouri, New Mexico, Ohio, Texas, Virginia and Wisconsin. Cablefax Daily readers get exclusive industry news-every business day. We look forward to maintaining our commitment to excellence in serving our customers and communities.. "Dave's experience will help us further expand our capacity for rapid growth, and we are honored to welcome him to the MetroNet team from such a quality operator." . Who owns metronet Updated in 2022 - whoownswho.org Kentuckys Only Statewide Business Magazine, MetroNet getting new investment from Oak Hill Capital and KKR, Record wagering, community events highlight Keeneland Spring Meet, MiddleGround Capital founder Stewart gifts $10M to UKs Gatton College, Design phase approved for outpatient UK HealthCare building at Hamburg property, Stites & Harbison expands footprint, opens first Ohio office, American Airlines beginning daily service from CVG to Boston in November, Bulleit Frontier Whiskey and American Forests are extending their partnership, Bardstown Bourbon Co. kicks-off summer patio evenings, Buffalo Trace Distillery announces peated bourbon. MetroNet also plans to hire local market management positions, sales and customer service professionals, and service technicians to support the Fayetteville area. Fiber Network Provider MetroNet Receives New Private Equity Investment In other words, it's essentially ISP insurance that covers the customer for any issues that might arise. Oak Hillworks actively in partnership with management to implement strategic and operational initiatives to create franchise value. Reviews ethics statement | How we test ISPs. MetroNet has been named in the top 50 small and medium companies on Glassdoor and has been honored with a Glassdoor Employees Choice Award recognizing MetroNet among the Best Places to Work in 2020. Metronet's monthly rate includes a router rental. Sure, I see the value of not worrying about the additional costs of any needed house calls or equipment fixes. Specific terms of the investment were not released. MetroNet Announces New Investments from Oak Hill Capital and KKR He joined Metronet after serving as the Director of Member/Public Relations for Indiana 811 for over two decades, where he was the resident expert on all Indiana 811 legislative issues. It's more reliable than cable, satellite, DSL and 5G fixed wireless, and it's the only one that can claim symmetrical download and upload speeds. Here's what it is: It's a mandatory monthly charge of $12 on top of your regular monthly rate. Well send you the fastest internet options, so you dont have to find them. An avid movie fan, Trey's career also includes being a film and TV critic while pursuing a degree in New York. This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. More fiber for NC: Metronet coming to Rocky Mount If you buy through our links, we may get a commission. So, while Metronet customers get a decent bang for their buck with the gigabit plan, you won't find the same value with its cheapest tier. Backed by Oak Hill, MetroNets 100% fiber optic footprint includes nearly 100 communities, including cities like Lexington, KY, and Tallahassee, FL. Metronet Company Profile | Management and Employees List - Datanyze MetroNet is committed to bringing state-of- the-art telecommunication services to communities services that are comparable or superior to those offered in large metropolitan areas. But, as is often the case with ISPs, there are a few things worth considering -- and when it comes to Metronet, that includes an additional monthly fee you don't often encounter. That means you don't have to worry about a throttled connection with slower speeds once you hit a certain threshold. George joined Metronet in October of 2017. MetroNet is one of the fastest-growing providers of fiber optic high-speed broadband services in the nation. Whats the future of direct-to-consumer streaming look like? Metronet, the nation's largest independently owned, 100 percent fiber optic provider, will fully fund the . Local news:Not satisfied with finalists, Palm Coast moves to hire outside firm to find city manager, School news:Flagler superintendent bans 'All Boys Aren't Blue' for now until new books policy is set.
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