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. John Cinelli, Metronet CEO. "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. Please enable cookies on your browser and try again. One exec calls Cinelli the Goldilocks of Overbuilding with an uncanny knack for picking cities that arent too big or too small, but just right for competition. We have information about 9 employees who work here. Wi-Fi buses: What are they and how are they helping virtual learners in Cumberland County? John Cinelli has been working as a Chief Executive Officer at Metronet for 14 years. Specific terms of the investment were not released. visit: www.oakhill.com. Click on the video to preview the hands-on training our technicians receive. Beyond television and telephone services to residents and businesses, the companys ultrafast internet will also support teleworking, distance learningand virtual medicine, Colvin said, thanking the Fayetteville Public Works Commission for their collaboration to accommodate the project. 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. The Company offers internet, telephone voice, television, and data communications services. Media Contact for Oak Hill:Dawn Dover Kekst CNC917-349-5621 dawn.dover@kekstcnc.com. Media Contact for KKR: Cara Major . What sort of broadband will the average U.S. household need in five years? 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. It began in 2005 in Greencastle, Indiana, as a family-run business and is led by Metronet CEO John. www.broadbandtechreport.com is using a security service for protection against online attacks. We are excited to build upon our seven-year partnership with MetroNets 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. EVANSVILLE, IndMetroNet, broadband provider to Lexington, Nicholasville, Versailles and Midway, Ky., today announced global investment firm KKR will begin offering investment support. Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception. They have their poles and we string our fiber on their poles, when they go underground, we go underground. MetroNet, which started in 2005, has grown to 120 communities across much of the Midwest and southeastern U.S. Likewise, keeping our crews and associates safe is one of our highest priorities. New Funding will Accelerate Deployment of Fiber-Based High Speed Broadband Networks to Communities Across the U.S. EVANSVILLE, Ind., April 21, 2021 /PRNewswire/ --MetroNet today announced that funds managed by leading global investment firm KKR will be joining long-time partner, Oak Hill Capital, and management as investors in MetroNet. 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. All rights reserved. Again, that's not uncommon among fiber providers. 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. MetroNets goal is to help its consumers take advantage of this trend. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. 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. The service requires full cookie support in order to view this website. 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. A new fiber-optic internet, television and phone service company is coming to Fayetteville, the Fayetteville-Cumberland County Economic Development Corp. announced Tuesday. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Polsinelli served as legal counsel to MetroNet. For more information visit www.MetroNetinc.com. Advice to Management MetroNets 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, telehealth and more. Financial terms were not disclosed. (MetroNet) Privately held fiber provider MetroNet appointed Shenandoah. 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. "As Metronet makes its way through construction, and now into the start of installations, Greenville has been a great partner as we integrate into their community to officially provide ultra-high-speed internet to residents and businesses," stated John Cinelli, Metronet CEO. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website atwww.kkr.comand on Twitter @KKR_Co. Most Popular Stories COA reverses, remands summary judgment denial after explosion death Metronet is a family-owned, midwestern company led by CEO John Cinelli, who co-founded the business with his father. For more information, please visit:www.oakhill.com. Oak Hillworks actively in partnership with management to implement strategic and operational initiatives to create franchise value. We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR, said John Cinelli, MetroNet CEO. Its promotional pricing is decent. 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. Specific terms of the investment were not released. I would prefer to see that be an optional cost for the consumer. 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. Sure, I see the value of not worrying about the additional costs of any needed house calls or equipment fixes. Currently, Metronet is the country's largest, independently owned fiber-optic ISP. The transaction is expected to close in the 3rd quarter, subject to regulatory approvals and other customary closing conditions. This rivals the aggressive referral program we've seen from Nomad Internet. 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. Forinformation about MetroNet, visitmetronetinc.com. View the profiles of professionals named "John Cinelli" on LinkedIn. 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. . 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. This regional provider, headquartered in Indiana, puts its high-performing broadband service to work in 13 states across the country. Not satisfied with finalists, Palm Coast moves to hire outside firm to find city manager, Flagler superintendent bans 'All Boys Aren't Blue' for now until new books policy is set, Your California Privacy Rights / Privacy Policy. AT&T, Frontier Communications, Verizon and Ziply Fiber announced new multigigabit internet plans. "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 more information visitwww.MetroNetinc.com. George is also a member of the Common Ground Alliance. We look forward to maintaining our commitment to excellence in serving our customers and communities.. Let's examine the Metronet costs a bit more to better grasp what you'll be paying. The one part of Metronet service that is outside the norm among ISPs is what it calls a "Tech Assure Program fee." But we'll get to that in due time. visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Like many fiber providers, Metronet does not feature data caps on any of its plans. MetroNet is one of the fastest-growing providers of fiber optic high-speed broadband services in the nation. 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. This is a great state, we just think this is a great place for us to deliver our kind of services.. Please enable JavaScript on your browser and try again. An avid movie fan, Trey's career also includes being a film and TV critic while pursuing a degree in New York. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. www.broadbandtechreport.com is using a security service for protection against online attacks. Let's explore more. - 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. And now all our small towns are Gigabit cities and have access to affordable, high-speed broadband. KKR will be making the investment in MetroNet through its global infrastructure strategy. Metronet Location 3701 Communications Way, Evansville, Indiana, 47715, United States Description Industry Now, it's unveiling a 2-gigabit option for customers across its footprint. Most recently, KKR. Likewise, keeping our crews and associates safe is one of our highest priorities. 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. 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. METRO NET. It deserves kudos for keeping that fee lower than what most other ISPs will bill for the same service. In late January 2022, Metronet announced a merger with Vexus Fiber, a Texas-based internet service provider, that will ultimately expand the provider's coverage base to 16 states and over 250 communities. Metronet The past year has been a busy one for Cinelli and his team. Metronet's referral program promotionencourages you to refer friends and family to the service. I had tried for many years to use video conferencing instead of phone calls, but it never really caught on. My proudest professional achievement over the past 12 months is helping my team and my company navigate through Covid-19. 2023 www.fayobserver.com. No ISP emerges unscathed when it comes to customer satisfaction numbers. All rights reserved. City councilman Nick Klufas said, There are fewer certainties in my mind than our continued reliance and growing reliance on access to quality bandwidth, citing remote learning and employees working from home. It's like a little family. "We're very excited to welcome Vexus Fiber and their associates to MetroNet," said John Cinelli, Chief Executive Officer of MetroNet. "Palm Coast will be the launching pad for MetroNet's future Florida growth and will soon become a Certified Gigabit City," said John Cinelli, MetroNet CEO. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 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. 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. "Vexus has a fast growth and high customer service. Simpson Thacher served as legal counsel to KKR. 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 seen remarkable growth and success due to the efforts of our leadership team," said John Cinelli, chief executive officer of MetroNet. That's not insignificant. announced the creation of independent open access wholesale fiber optic network companies in both Chile and in the Netherlands. Well send you the fastest internet options, so you dont have to find them. What isn't quite so simple is what you'll pay for each of those plans, though Metronet does ease the pain by nixing term agreements and providing unlimited data. Per Ookla, Metronet crossed the finish line as the fastest ISP in two states: Iowa and Kentucky. The Aggieland neighbors deserve choice, and we look forward to expanding throughout these communities to provide our future-proof services," said John Cinelli, MetroNet CEO. We thank you for choosing MetroNet and we look forward to serving you for years to come! While it's not available to all Metronet customers, here are the cities where you can sign up. The transaction is expected to close in the 3rd quarter, subject to regulatory approvals and other customary closing conditions. 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.
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