Metronet earns high marks for its commitment to fiber broadband. Complete installation of the fiber optic lines will take approximately two years, he said, covering some 50,000 homes. KKR's insurance subsidiaries offer retirement, life, and reinsurance products under the management of The Global Atlantic Financial Group. Cablefax Daily readers get exclusive industry news-every business day. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Metronet's headquarters is in Evansville, Indiana, but it provides services in 16 states. John Cinelli, CEO and founder of Indiana-based MetroNet, said Palm Coast will be only the second city in . Here's what it is: It's a mandatory monthly charge of $12 on top of your regular monthly rate. MetroNet and the city of Fayetteville are bringing the service to the region, making it MetroNets first expansion in North Carolina, officials said. 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 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. In new MetroNet markets, residents will receive communication by mail about construction activity in their neighborhood 30 days prior to starting; and the company provides additional messaging, such as yard signs, to let residents know when the temporary construction process will start in their neighborhood, officials said. www.broadbandtechreport.com is using a security service for protection against online attacks. announced the creation of independent open access wholesale fiber optic network companies in both Chile and in the Netherlands. 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. MetroNet and the city. Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. 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. MetroNet also plans to hire local market management positions, sales and customer service professionals, and service technicians to support the Fayetteville area. Per Ookla, Metronet crossed the finish line as the fastest ISP in two states: Iowa and Kentucky. 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. George joined Metronet in October of 2017. 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. With our central training facility located in Evansville, Indiana, we ensure that employees receive consistent training to remain diligent and cautious in the field. 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. 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. "Vexus has a fast growth and high customer service. 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. Lastly, where some ISPs try to lure new subscribers by offering a trial subscription to a streaming service like Disney Plus, HBO Max or Paramount Plus, Metronet gives its customers a chance to earn some significant account credits. Reviews ethics statement | How we test ISPs. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. The biggest thing that leaps out at me about Metronet's plans and pricing is that nothing truly leaps out at me. "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. It's just the second Florida city they've expanded to after Tallahassee. 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. 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.. It's also a touch better than the gig rate of Google Fiber(7 cents), which is a Metronet competitor in the Des Moines market. MetroNet is installed in 14 states and is the largest privately owned fibers-to-home company in the nation, he said. Metronet The past year has been a busy one for Cinelli and his team. Willow Abbey Mercando/The Daily Reflector GREENVILLE . The past year has been a busy one for Cinelli and his team. Media contact for MetroNet:Keith Leonhardt 812-213-1016 www.MetronetInc.com. This rivals the aggressive referral program we've seen from Nomad Internet. "Only 30 percent of households in the U.S. have access to the gigabit speeds that only fiber optic networks can provide. 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. 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. 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. Under some promotions the 1 gig package is $59.95/month . Every associate and every contractor is a member of our safety team and we are among the best in the industry at protecting health and property. Accessibility, affordability and engagement are the keys. Simpson Thacher served as legal counsel to KKR. The majority of Metronet service areas within those states are smaller cities and towns, but some of the larger metropolitan areas covered include Aurora, Illinois; Des Moines, Iowa; Lansing, Michigan; Lexington, Kentucky; Rochester, Minnesota and Tallahassee, Florida. KKR will be making the investment in MetroNet through its global infrastructure strategy. KKR will be making the investment in MetroNet through its global infrastructure strategy. 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. "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. Since Metronet didn't earn an individual ranking score within the ACSI or the J.D. "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. CMN-RUS Inc., doing business as MetroNet, fiber optic communication services. John Cinelli. This means you can earn a $50 account credit for each person you get to sign up using your unique referral link. That said, let's talk about an unavoidable charge we don't often see. I think its a much better way to communicate. The guys I work with are the best. If you buy through our links, we may get a commission. Online access is a fundamental indication of a strong and innovative community.. 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. We like to go to second- and third-tier cities, size-wise, because we find people know their neighbors here and if you do a really good job, high speeds, customer service, people will tell their neighbors, and its really good marketing for us.. 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. 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. You may need to pay an extra $10 a month if you need to lease a wireless extender to get effective Wi-Fi throughout your home, but it is not required. 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. This helps me to put people at ease when we first meet. TD Securities served as advisor to Oak Hill. With more than 30 years of experience in damage prevention, Chuck leads all safety initiatives within the Metronet footprint. "We're very excited to welcome Vexus Fiber and their associates to MetroNet," said John Cinelli, Chief Executive Officer of MetroNet. That's better than the gigabit plans offered by AT&T (8 cents), Spectrum (8 cents) and Frontier (just over 7 cents), all of which are competitors in several Metronet service areas. Palm Coast was chosen, Cinelli said, largely because of its size. 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. 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. MetroNet CEO John Cinelli and Palm Coast Mayor David Alfin. (MetroNet) Privately held fiber provider MetroNet appointed Shenandoah. Simpson Thacher served as legal counsel to KKR. 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. The Indiana-based company will spend more than $70 million on the project, which will serve Fayetteville, the towns of Hope Mills, Linden, Wade, Stedman, Godwin, Eastover, Falcon, Spring Lake, Vander, much of unincorporated Cumberland County and portions of Hoke County to include Raeford and Rockfish, officials said. Overall, Metronet's regular rates roll up at an average cost per Mbps of 22 cents, which is still in the middle of the pack -- AT&T, CenturyLink, Google Fiber and Verizon Fios retain their impressive costs per Mbps because they don't do promo pricing -- but ends up cheaper in the long run than Spectrum (25 cents) or even Ziply Fiber (26 cents), which had a better promo rate but levels out after a year. 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. Its reliability and the symmetrical speeds it offers are currently unparalleled in broadband. Metronet says on its website, "the Tech Assure Program fee covers all service calls, technician visits, equipment repair and service or repair of any Metronet-owned equipment." 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. 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. "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.". We ask for your address to help pinpoint which providers and plans are available in your area. The same is true for me and most of my calls now are video versus voice alone. 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. Cinelli thanked Colvin, the city of Fayetteville, PWC, the economic development corporate state officials and Sen. Kirk deViere and Rep. John Szoka for their support. Cablefax Daily readers get exclusive industry news-every business day. But we'll get to that in due time. It also means you don't have to fear any looming overage charges if you exceed a data cap. John Cinelli, CEO and founder of Indiana-based MetroNet, said Palm Coast will be only the second city in Florida with the fiber optics-based service, after Tallahassee. Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. The company expects its network to be available to over 1 million residential households and business locations in the near future, bringing competition for these services to hundreds of communities. For example, regarding the promo prices, the cost per Mbps for Metronet's fiber gigabit plan -- is 6 cents, which is quite good. What habit are you keeping post-pandemic? We'll dive into the details more, but first, here are the specifics. LEXINGTON, Ky. Keeneland concluded its 2023 Spring Meet on Friday following 15 days of exceptional racing that generated record all-sources wagering of $224 million and was complemented by a slate of special events aimed at benefiting the Central Kentucky community. George is also a member of the Common Ground Alliance. "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.". 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. Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. Engagement attempts to educate around the benefits of connectivity for work, school, health, entertainment and relationships with end-users would help to further bridge the gap. This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. Currently, Metronet is the country's largest, independently owned fiber-optic ISP. 2023 www.fayobserver.com. 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. 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. Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. So were hoping to be offering service by the end of next summer and then have the job completed in two years, he said. "Reliable internet access is critical, and with this expansion, residents and businesses in Colorado Springs will be able to easily work, learn and entertain" said John Cinelli, Metronet CEO. This process is automatic. Specific terms of the investment were not released. I would prefer to see that be an optional cost for the consumer. Wi-Fi buses: What are they and how are they helping virtual learners in Cumberland County? For more information, please visit:www.oakhill.com. All rights reserved. For those interested in joining the MetroNet team, visit metronetinc.com/careers to search for available positions and submit applications. Forinformation about MetroNet, visitmetronetinc.com. (Note: Prices assume you enable paperless billing.). "Residents and businesses will soon be able to experience a future-proof network in a time when reliable access has become critical." Safety is the beginning of our work day, every day. 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. Officials said the need for increase broadband became moreapparent during the coronavirus pandemic, which has led to increased virtual learning and remote work. 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. The service requires full cookie support in order to view this website. And because its network is FTTH, it offers symmetrical megabits-per-second download and upload speeds across all plans. We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR, said John Cinelli, MetroNet CEO. Headquarters 3701 Communications Way, Evansville, Indiana, 47715, United States (844) 412-1731 CEO John Cinelli Revenue $56.2 M Employees 274 Founded 2005 Metronet Executive Team & Key Decision Makers Show Me More Executives Recently Updated Team Members Show Me More Team Members Metronet Email Formats Your Questions, Our Answers Metronet fairs a bit better when you compare its regular rates to those of its competitors. 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. In order to have the best possible experience, consumers will need fast, symmetrical internet connection speeds that can accommodate multiple devices simultaneously, without buffering. 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. Metronet Internet features unlimited data. TD Securities served as advisor to Oak Hill. The continued rise of 5G has led to availability expansion for both T-Mobile Home Internet and Verizon 5G Home. If you buy through our links, we may get a commission. Media contact for MetroNet:Keith Leonhardt812-213-1016www.MetronetInc.com, Media Contact for Oak Hill:Dawn DoverKekst CNC917-349-5621[emailprotected], Media Contact for KKR: Cara Major or Miles Radcliffe-Trenner[emailprotected], Cision Distribution 888-776-0942 Paul, Weiss, Rifkind, Wharton & Garrison LLP and Polsinelli served as legal counsel to MetroNet. 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. This regional provider, headquartered in Indiana, puts its high-performing broadband service to work in 13 states across the country. It began in 2005 in Greencastle, Indiana, as a family-run business and is led by Metronet CEO John Cinelli, who co-founded the telecommunications company with his father. John Cinelli 328 Ratings Featured Review 5.0 Current Employee "Wonderful place to work." Mar 26, 2023 - Fiberoptic Technician Recommends Positive Outlook Approves of CEO Pros Great work environment. A new fiber-optic internet, television and phone service company is coming to Fayetteville, the Fayetteville-Cumberland County Economic Development Corp. announced Tuesday. Streaming requires fast, consistent internet speeds, and a fiber connection is the best way to deliver these services with the highest video quality. Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Services, Industrials, Media & Communications, and Consumer. Its promotional pricing is decent. Having reliable speed broadband is absolutely essential. Lastly, regarding the "showiness" of its speed tiers (or lack thereof), I'm being a little cheeky, but I'm referring to the rollout of its multi-gigabit options. Metronet offers several different speed tiers, which are all fairly straightforward. Metronet doesn't charge an additional equipment fee: it includes a wireless router in your monthly cost. "We got picked," said Alfin of the company's selective process. "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 . KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. While that's better than the promo costs for some of its cable competitors, like Xfinity (25 cents), it falls short of the average cost for other fiber providers we've reviewed: AT&T (10 cents), Frontier (9 cents) and Google Fiber (6 cents). "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. Relatively speaking, it did OK there. 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. No ISP emerges unscathed when it comes to customer satisfaction numbers. 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. Print, Online & E-Letters, Awards, and Events. Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. In other words, it's essentially ISP insurance that covers the customer for any issues that might arise. There is no limit to the number of credits you can earn. Metronet also did well on the most recent Ookla speed test reports. 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. Well send you the fastest internet options, so you dont have to find them. EVANSVILLE, IndMetroNet, broadband provider to Lexington, Nicholasville, Versailles and Midway, Ky., today announced global investment firm KKR will begin offering investment support. When we last reviewed Metronet, it offered no speed tiers above one gig. Cinergy Metronet is situated in IN. The company is known for its superior customer service provided through a strong local presence. Oak Hill is an experienced investor in the FTTP space and has been a partner with the MetroNet team since 2014. MetroNet to bring fiber optic internet to Palm Coast, investing more than $50 million . Through Metronet's . The day after your installation is complete, be on the lookout for a welcome email from John Cinelli, CEO of MetroNet. With more people still working and learning from home even as the COVID-19 pandemic starts to subside, I see the need for reliable, fast internet speeds increasing exponentially. Let's explore more. You can't really go wrong with an FTTH connection. 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. Cumberland CountyBoard of Commissioners Chairman Charles Evans welcomedMetroNet to the community. John Cinelli President & CEO MetroNet 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's monthly rate includes a router rental. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. Most recently, KKR announced the creation of independent open access wholesale fiber optic network companies in both Chile and in the Netherlands. Likewise, keeping our crews and associates safe is one of our highest priorities. Movies and film studies. Fayetteville-Cumberland County Economic Development Corp. Broadband would close NCs digital divide; Big Telecom is blocking it. The service requires full JavaScript support in order to view this website. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website atwww.kkr.comand on Twitter @KKR_Co. When typing in this field, a list of search results will appear and be automatically updated as you type. 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 . MetroNet is one of the fastest-growing providers of fiber optic high-speed broadband services in the nation. MetroNet CEO John Cinelli, pictured above, said the company is looking to aggressively expand its footprint. 2023 CNET, a Red Ventures company. 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. "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. Its speed tiers will get the job done, but they aren't excessively showy. . For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Com. "We value our long-standing partnership with Oak Hill. All rights reserved. This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. 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. Media Contact for Oak Hill:Dawn Dover Kekst CNC917-349-5621 dawn.dover@kekstcnc.com. - 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. 2022 was a busy year for the broadband business. Media Contact for KKR: Cara Major . 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. Yes. Advice to Management Most Popular Stories COA reverses, remands summary judgment denial after explosion death However, usually, that charge ranges between $50 and $99, depending on the provider. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Polsinelli served as legal counsel to MetroNet. That means you don't have to worry about a throttled connection with slower speeds once you hit a certain threshold.
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