The transaction is expected to close in the 3rd quarter, subject to regulatory approvals and other customary closing conditions. 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. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. AskFlagler For MetroNet, the expansion to Palm Coast is significant. "Residents and businesses will soon be able to experience a future-proof network in a time when reliable access has become critical," said John Cinelli, Metronet CEO in a statement. Print, Online & E-Letters, Awards, and Events. We have a dedicated safety and quality assurance team which manages a comprehensive safety program focused on construction damage prevention and employee and contractor safety. More:Our View: How to grow our rural economy. We ask for your address to help pinpoint which providers and plans are available in your area. Some streaming services such as Netflix, Hulu, and YouTube TV, offer programming live as it airs while others provide access to a library of previously aired programs. We look forward to maintaining our commitment to excellence in serving our customers and communities.". It contains the video below with some helpful information as you begin your MetroNet customer journey. MetroNet is headquartered in Evansville, Indiana. Here's what it is: It's a mandatory monthly charge of $12 on top of your regular monthly rate. Almost all ISPs charge an installation fee when you first sign up for internet service, so it's no surprise to find that here. 2023 www.fayobserver.com. Over the past 35 years, Oak Hill Capital and its predecessors have invested in approximately 100 private equity transactions across broad segments of the U.S. and global economies. Please enable JavaScript on your browser and try again. KKR has significant experience investing in the growth of leading FTTP providers globally, including FiberCop in Italy, Hyperoptic in the U.K. and Deutsche Glasfaser in Germany. Theres one thing I know to be true, is that Palm Coast residents lives revolve around daily use of the internet, Alfin said during a press conference at City Hall Tuesday afternoon. Metronet earns high marks for its commitment to fiber broadband. Officials said the need for increase broadband became moreapparent during the coronavirus pandemic, which has led to increased virtual learning and remote work. George joined Metronet in October of 2017. Its promotional pricing is decent. J.D. Daytona Beach, Fla. March 12, 2022 Metronet today announced that the company will soon bring ultra-high-speed 100 percent fiber optic internet service directly to homes and businesses of Daytona Beach, Holly Hill and Ormond Beach. I remember so well how anxious we all felt at the beginning as we had to learn to operate during the pandemic. While Metronet's monthly pricing is fair, it also includes some customer-friendly approaches that not all ISPs embrace, including no term agreements (or the harsh penalty fees that come with them). My proudest professional achievement over the past 12 months is helping my team and my company navigate through Covid-19. Per Ookla, Metronet crossed the finish line as the fastest ISP in two states: Iowa and Kentucky. About KKRKKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Polsinelli served as legal counsel to MetroNet. 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. If you buy through our links, we may get a commission. Officials said the company is known for its reliable, high-speed internet-friendly service, and fair pricing with no long-term contracts., More:Broadband would close NCs digital divide; Big Telecom is blocking it. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Com. The additional investments from Oak Hill and KKR will drive growth that further bridges the digital divide by providing hundreds of thousands of additional households access to world class and future proof 100% fiber optic services for living, learning, and connecting to each other. Metronet has been recognized by PC Mag as one of the Top 10 Fastest ISPs in North Central United States in 2020 and Top 10 ISPs with Best Gaming Quality Index in 2021. With maximum upload and download speeds of 100Mbps, Metronet's starting tier is slower than many other providers' opening offerings. Its clear that this community is rich in diversity and opportunity, and were excited to be a part of it as we move forward together, Cinelli said. I know a little bit about a lot of things and am a good listener. When we come to a community, the thing that we say is the most important is to provide choice, Cinelli said. For instance, CenturyLink's lowest fiber option is 200Mbps, AT&T and Verizon Fios start at 300Mbps, and Frontier's opening salvo is 500Mbps. This trend promises to accelerate as the choices for direct-to-consumer video, the adoption of the Internet of Things, and the maturing of the functionality of the Cloud continue to grow. Cumberland CountyBoard of Commissioners Chairman Charles Evans welcomedMetroNet to the community. The firm first established its global infrastructure strategy in 2008 and has since been one of the most active infrastructure investors around the world, currently managing over $27 billion in infrastructure assets. Metronet's referral program promotionencourages you to refer friends and family to the service. Safety is the beginning of our work day, every day. KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. It deserves kudos for keeping that fee lower than what most other ISPs will bill for the same service. Let's examine the Metronet costs a bit more to better grasp what you'll be paying. This helps me to put people at ease when we first meet. Simpson Thacher served as legal counsel to KKR. Sure, I see the value of not worrying about the additional costs of any needed house calls or equipment fixes. Accessibility, affordability and engagement are the keys. All rights reserved. Specific terms of the investment were not released. The company delivers 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. www.broadbandtechreport.com is using a security service for protection against online attacks. Metronet is bringing its fiber-optic network to Ankeny with installation now available to hundreds of homes and businesses. MetroNet CEO John Cinelli and Palm Coast Mayor David Alfin. Metronet is on the low end of the scale as it charges a $25 installation fee upon signing up for service. "We are excited to be expanding to Greenville, North Carolina, and the opportunities that this means for the community with a 100 percent fiber optic network," MetroNet President John Cinelli . You will be redirected once the validation is complete. As part of the transaction, Oak Hill and KKR will each make new investments to help accelerate MetroNets growth in building and connecting fiber-to-the- premise (FTTP) data, television, and telephone services to homes and businesses. That said, the average cost per Mbps for the promo prices of all three plans is approximately 14 cents. John Cinelli. It's not a prerequisite, so not all homes will need to add this cost, but you should be aware of it nonetheless. Forinformation about MetroNet, visitmetronetinc.com. 2023 www.news-journalonline.com. 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 are excited to build upon our seven-year partnership with MetroNet's outstanding management team, led by John Cinelli, as the Company expands its fiber network to many more underserved American communities." KKR will be making the investment in MetroNet through its global infrastructure strategy. Metronet is a family-owned, midwestern company led by CEO John Cinelli, who co-founded the business with his father. Our network will go everywhere in the town, on the poles or underground, following the electrical utility., People are moving to cities like Palm Coast because of the quality of life, he said, and the company is also considering other cities in Florida. "Metronet has been incredible to work with as they are gearing up to provide service to the rest of the community. It should be near the top of your list if you fall under the Metronet coverage map. Its plan pricing is quite good, especially considering its coverage map plays in areas where cable and satellite services have previously reigned. A new fiber-optic internet, television and phone service company is coming to Fayetteville, the Fayetteville-Cumberland County Economic Development Corp. announced Tuesday. TD Securities served as advisor to Oak Hill. While I'd love to see the Tech Assure Program fee become an optional charge rather than a mandatory one, I give Metronet props for skipping some of the other additional charges -- like the equipment rental -- that other ISPs tend to tack onto the monthly bill. There is a cable company here, there is a telephone company here, were going to provide a third choice so people can vote with their pocketbooks and they can get really excellent customer service.. If your household needs additional help with Wi-Fi, Metronet offers a wireless extender rental (what it calls its WholeHome WiFi) for an additional $10 a month. visit: www.oakhill.com. from 8 AM - 9 PM ET. The day after your installation is complete, be on the lookout for a welcome email from John Cinelli, CEO of MetroNet. Likewise, keeping our crews and associates safe is one of our highest priorities. If you buy through our links, we may get a commission. I had tried for many years to use video conferencing instead of phone calls, but it never really caught on. Metronet University is a state-of-the-art training facility where technicians gain real-world experience in all things related to the installation of Metronets 100% fiber-optics. Other Oak Hill broadband investments to enable increased fiber access in the U.S. include Vexus Fiber, a rapidly expanding provider in Texas and surrounding states; Future Fiber Holdings in the Northeast; and Race Communications in California and surrounding states. 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. Other Oak Hill broadband investments to enable increased fiber access in the U.S. include Vexus Fiber, a rapidly expanding provider in Texas and surrounding states; Future Fiber Holdings in the Northeast; and Race Communications in California and surrounding states. John Cinelli works as a Chief Executive Officer at Metronet, which is an Internet Service Providers, Website Hosting & Internet-related Services company with an estimated 274 employees; and founded in 2005. Id like to see Palm Coast really be on the forefront of trying to attract digital workers to come live, work and play in Palm Coast.. A new fiber-optic internet, television and phone service company is coming to Fayetteville, the Fayetteville-Cumberland County Economic Development Corp. announced Tuesday. But as an internet technology, fiber is the sturdiest and least finicky broadband connection out there, so (fingers crossed) you shouldn't need to constantly worry about your internet. Metronet fairs a bit better when you compare its regular rates to those of its competitors. LEXINGTON, Ky. MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced that Founder and Managing Partner John Stewart has gifted $10 million to the Gatton College of Business and Economics at the University of Kentucky. MetroNet is installed in 14 states and is the largest privately owned fibers-to-home company in the nation, he said. "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." . KKR has significant experience investing in the growth of leading FTTP providers globally, including FiberCop in Italy, Hyperoptic in the U.K. and Deutsche Glasfaser in Germany. 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. Metronet's commitment to building 100% fiber-optic networks is both admirable and forward-looking (or future-proof, as they say). 2023 CNET, a Red Ventures company. Evansville, IN (April 21, 2021) MetroNet today announced that funds managed by leading global investment firm KKR will be joining long-time partner, Oak Hill Capital (together with its affiliates, Oak Hill), and management as investors in MetroNet. "We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR," said John Cinelli, MetroNet CEO. KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR, said John Cinelli, MetroNet CEO. We look forward to maintaining our commitment to excellence in serving our customers and communities.. AT&T, Frontier Communications, Verizon and Ziply Fiber announced new multigigabit internet plans. Metronet Internet features unlimited data. Oak Hillworks actively in partnership with management to implement strategic and operational initiatives to create franchise value. In order to have the best possible experience, consumers will need fast, symmetrical internet connection speeds that can accommodate multiple devices simultaneously, without buffering. MetroNet President John Cinelli said projects of similar size usually take about two years. We are thrilled to be supporting MetroNet, alongside Oak Hill, on its mission to deliver much-needed broadband access across the U.S., a market that is well behind its peers in FTTP connectivity.. So were hoping to be offering service by the end of next summer and then have the job completed in two years, he said. KKR will be making the investment in MetroNet through its global infrastructure strategy. As soon as we get our first neighborhoods up well start offering service. Simpson Thacher served as legal counsel to KKR. Most Popular Stories COA reverses, remands summary judgment denial after explosion death These secular trends play to MetroNets strengths of providing high-speed, symmetrical and affordable connectivity making it easy for its customers to use this service. Funds managed by KKR will join long-time partner Oak Hill Capital and company management as investors in MetroNet. Other Oak Hill broadband investments to enable increased fiber access in the U.S. include Vexus Fiber, a rapidly expanding provider in Texas and surrounding states; Future Fiber Holdings in the Northeast; and Race Communications in California and surrounding states. Well send you the fastest internet options, so you dont have to find them. Cinergy Metronet is situated in IN. We are thrilled to be supporting MetroNet, alongside Oak Hill, on its mission to deliver much-needed broadband access across the U.S., a market that is well behind its peers in FTTP connectivity.. This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. This hallmark investment speaks to the bright future ahead for our citizens as we close the digital divide through increased access.. (MetroNet) Privately held fiber provider MetroNet appointed Shenandoah. Online access is a fundamental indication of a strong and innovative community.. Metronet also did well on the most recent Ookla speed test reports. Currently, Metronet is the country's largest, independently owned fiber-optic ISP. Its reliability and the symmetrical speeds it offers are currently unparalleled in broadband. 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. - John Cinelli, Metronet CEO SAFETY Metronet Safety: 100% Different, 100% Award Winning The safety of community members where we are constructing our networks is of paramount importance to Metronet. Specific terms of the investment were not released. John Cinelli, MetroNet's president and CEO, started his career in the banking industry, first at Bank of Boston in Massachusetts and Washington, D.C., and then at Security Pacific National Bank, requiring a relocation to Los Angeles. Of the major ISPs we've reviewed thus far, only Ziply Fiber (6 cents), CenturyLink (just over 6 cents) and WOW (just over 6 cents) can match that introductory gigabit rate. "Only 30 percent of households in the U.S. have access to the gigabit speeds that only fiber optic networks can provide. He currently serves as the Chairman, where he represents the telecommunications sector on the full board and as a member of the Damage Prevention subcommittee. 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. 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. MetroNet has set itself apart as the leading independent FTTP provider in the U.S., well-known for its high quality technology, exceptional customer service and local operations, said Waldemar Szlezak, a senior leader on KKRs infrastructure investment team. Again, that's not uncommon among fiber providers. KKR will be making the investment in MetroNet through its global infrastructure strategy. About Oak Hill CapitalOak Hill Capital is a private equity firm managing funds with over$16 billionof initial capital commitments and co-investments since inception.

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