JOSEPH, Mo., November 21, 2022 -- ( BUSINESS WIRE )--Metronet today announced that construction of its 100 percent fiber optic network has officially begun in St. Joseph. The company is known for its superior customer service provided through a strong local presence. 2023 www.news-journalonline.com. Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception. 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. An avid movie fan, Trey's career also includes being a film and TV critic while pursuing a degree in New York. 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. 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. 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. MetroNet started in 2005 with one fiber optic network in Greencastle, Indiana, and has since grown to serving and constructing networks in more than 100 communities across Indiana, Illinois, Iowa, Kentucky, Michigan, Minnesota, Ohio, Florida, and North Carolina. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Services, Industrials, Media & Communications, and Consumer. Movies and film studies. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. "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 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 . Cinergy Metronet is situated in IN. 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 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. 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. Its promotional pricing is decent. TD Securities served as advisor to Oak Hill. MetroNets 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. 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. Media contact for MetroNet:Keith Leonhardt 812-213-1016 www.MetronetInc.com. We thank you for choosing MetroNet and we look forward to serving you for years to come! 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 Streaming requires fast, consistent internet speeds, and a fiber connection is the best way to deliver these services with the highest video quality. It began in 2005 in Greencastle, Indiana, as a family-run business and is led by Metronet CEO John. 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. Oak Hillworks actively in partnership with management to implement strategic and operational initiatives to create franchise value. MetroNet is headquartered in Evansville, Indiana. For more information visitwww.MetroNetinc.com. 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. Willow Abbey Mercando/The Daily Reflector GREENVILLE . No. The same is true for me and most of my calls now are video versus voice alone. "We value our long-standing partnership with Oak Hill. It contains the video below with some helpful information as you begin your MetroNet customer journey. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Polsinelli served as legal counsel to MetroNet. Metronet's monthly rate includes a router rental. 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. 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. Sure, I see the value of not worrying about the additional costs of any needed house calls or equipment fixes. 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. 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. Metronet earned an average score of 1.32 out of 5 points, which initially didn't seem all that great. More:Wi-Fi buses: What are they and how are they helping virtual learners in Cumberland County? 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. A new fiber-optic internet, television and phone service company is coming to Fayetteville, the Fayetteville-Cumberland County Economic Development Corp. announced Tuesday. Metronet offers several different speed tiers, which are all fairly straightforward. 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. "Residents and businesses will soon be able to experience a future-proof network in a time when reliable access has become critical." That said, let's talk about an unavoidable charge we don't often see. Specific terms of the investment were not released. 2022 was a busy year for the broadband business. MetroNet CEO John Cinelli and Palm Coast Mayor David Alfin. Power US Residential Internet Service Provider Satisfaction Study for 2022 (due to its size), we leaned on the Better Business Bureau. Print, Online & E-Letters, Awards, and Events. 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. 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. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Media Contact for KKR: Cara Major . 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. METRO NET. . 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 KKR's infrastructure investment team. Education: BA, Tufts University My personal superpower is: I connect easily with people. After the last year of so many people working from home, they became very comfortable using this technology. 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. - 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. All rights reserved. This helps me to put people at ease when we first meet. We'll dive into the details more, but first, here are the specifics. 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. Media Contact for Oak Hill:Dawn Dover Kekst CNC917-349-5621 dawn.dover@kekstcnc.com. 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. Collaboration with the city has been instrumental in MetroNet coming to Palm Coast, and he officially welcomed Alfin and Palm Coast to the MetroNet family by giving Alfin a MetroNet hat and T-shirt. 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. Whats the future of direct-to-consumer streaming look like? With an extensive background in engineering and safety, George was appointed to the Indiana 811 Board of Directors, a nonprofit organization dedicated to connecting excavators and operators of underground utilities. Enter your address to view internet providers available near you. Specific terms of the investment were not released. This regional provider, headquartered in Indiana, puts its high-performing broadband service to work in 13 states across the country. Officials said the need for increase broadband became moreapparent during the coronavirus pandemic, which has led to increased virtual learning and remote work. 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. Its speed tiers will get the job done, but they aren't excessively showy. We provide every employee with advanced safety training, and we are continuously improving safety processes and protocols. Currently, Metronet is the country's largest, independently owned fiber-optic ISP. 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.". Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception. Palm Coast residents will soon have a third option for internet, cable and phone when MetroNets fiber optics brings what Mayor David Alfin called zippier, streamier and happier service to the city. 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. 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. "Metronet has been incredible to work with as they are gearing up to provide service to the rest of the community. If you buy through our links, we may get a commission. 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. www.broadbandtechreport.com is using a security service for protection against online attacks. Metronet Internet features unlimited data. 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. Founded in 2005, MetroNet is a provider of fiber optic telecommunications services including internet, phone, TV, and SmartHome alarm services. MetroNet plans to invest more than $50 million in Palm Coast for infrastructure and services, including a retail store for technical support, Alfin said, and will install 3 million linear feet of fiber throughout the city. Advice to Management 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. Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. AskFlagler For MetroNet, the expansion to Palm Coast is significant. "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.".
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