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. John Cinelli has been working as a Chief Executive Officer at Metronet for 14 years. Oak Hill is an experienced investor in the FTTP space and has been a partner with the MetroNet team since 2014. That said, let's talk about an unavoidable charge we don't often see. Streaming requires fast, consistent internet speeds, and a fiber connection is the best way to deliver these services with the highest video quality. 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. Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception. Relatively speaking, it did OK there. Accessibility, affordability and engagement are the keys. Metronet Location 3701 Communications Way, Evansville, Indiana, 47715, United States Description Industry " The vision and values of LightSpeed Fiber marry well with our goal of expanding our cutting-edge fiber-optic telecommunication services to more cities while remaining customer-focused," stated. 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. For more information, please visit:www.oakhill.com. 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.. 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 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. The company is known for its superior customer service provided through a strong local presence. Currently, Metronet is the country's largest, independently owned fiber-optic ISP. They have their poles and we string our fiber on their poles, when they go underground, we go underground. Metronet earns high marks for its commitment to fiber broadband. MetroNet CEO John Cinelli speaks Thursday during a ribbon-cutting ceremony at the new Metronet retail space in Greenville. Metronet offers several different speed tiers, which are all fairly straightforward. For more information visit www.MetroNetinc.com. 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. 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. The Company offers internet, telephone voice, television, and data communications services. from 8 AM - 9 PM ET. MetroNet CEO John Cinelli named Palm Coast Mayor David Alfin an honorary MetroNet "associate" today during a brief joint announcement about the company setting up shop in palm Coast. Internet Service Providers, Website Hosting & Internet-related Services, Telecommunications. Metronet, the nation's largest independently owned, 100 percent fiber optic provider, will fully fund the . MetroNet also plans to hire local market management positions, sales and customer service professionals, and service technicians to support the Fayetteville area. Specific terms of the investment were not released. The service requires full JavaScript support in order to view this website. 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. Metronet has been committed to rolling out 100% FTTH networks from its beginnings in central Indiana. 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. Complete installation of the fiber optic lines will take approximately two years, he said, covering some 50,000 homes. 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. www.broadbandtechreport.com is using a security service for protection against online attacks. 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's monthly rate includes a router rental. - 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. . Oak Hill is an experienced investor in the FTTP space and has been a partner with the MetroNet team since 2014. 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. In order to have the best possible experience, consumers will need fast, symmetrical internet connection speeds that can accommodate multiple devices simultaneously, without buffering. Simpson Thacher served as legal counsel to KKR. In other words, it's essentially ISP insurance that covers the customer for any issues that might arise. TD Securities served as advisor to Oak Hill. We ask for your address to help pinpoint which providers and plans are available in your area. 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.. 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. 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. MetroNet is a 100 percent Fiber Optic Company headquartered in Evansville, Indiana. 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. 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. What sort of broadband will the average U.S. household need in five years? John Cinelli, Metronet CEO. George joined Metronet in October of 2017. The guys I work with are the best. Specific terms of the investment were not released. Metronet is on the low end of the scale as it charges a $25 installation fee upon signing up for service. 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." This helps me to put people at ease when we first meet. And now all our small towns are Gigabit cities and have access to affordable, high-speed broadband. My personal superpower is: I connect easily with people. Let's explore more. MetroNet is one of the nations fastest-growing providers of fiber optic high-speed broadband services. MetroNet CEO John Cinelli and Palm Coast Mayor David Alfin. MetroNet and the city. MetroNet offers businesses and residents state-of-the-art, fiber optic networks connected directly to their homes and businesses. 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. One of the main reasons? "Only 30 percent of households in the U.S. have access to the gigabit speeds that only fiber optic networks can provide. 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 look forward to maintaining our commitment to excellence in serving our customers and communities.. 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. Metronet's headquarters are in Indiana, but its footprint extends beyond the Hoosier state. 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. Likewise, keeping our crews and associates safe is one of our highest priorities. 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. 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. About MetroNet:MetroNet is a 100 percent Fiber Optic Company headquartered in Evansville, Indiana. 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. CMN-RUS Inc., doing business as MetroNet, fiber optic communication services. Power US Residential Internet Service Provider Satisfaction Study for 2022 (due to its size), we leaned on the Better Business Bureau. Simpson Thacher served as legal counsel to KKR. 2023 CNET, a Red Ventures company. Its speed tiers will get the job done, but they aren't excessively showy. EVANSVILLE, IndMetroNet, broadband provider to Lexington, Nicholasville, Versailles and Midway, Ky., today announced global investment firm KKR will begin offering investment support. He added that the big guys the larger cable providers care more about big cities, like Jacksonville and Miami, and the smaller cities are more open to competition. Cablefax Daily readers get exclusive industry news-every business day. That's not insignificant. We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR, said John Cinelli, MetroNet CEO. 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. "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. 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. 2022 was a busy year for the broadband business. "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. 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. For more information visitwww.MetroNetinc.com. We look forward to maintaining our commitment to excellence in serving our customers and communities.. Please enable JavaScript on your browser and try again. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Services, Industrials, Media & Communications, and Consumer. MetroNets goal is to help its consumers take advantage of this trend. Yes. Call the organization at phone: 18122537000. Who has worked at CINERGY METRONET, INC Former Employees AskFlagler For MetroNet, the expansion to Palm Coast is significant. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Com. When typing in this field, a list of search results will appear and be automatically updated as you type. John Cinelli, CEO and founder of Indiana-based MetroNet, said Palm Coast will be only the second city in . There is no limit to the number of credits you can earn. 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. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. The location of another office is: 3701 Communications Way, Evansville, IN 47715. 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. While it's not available to all Metronet customers, here are the cities where you can sign up. We'll dive into the details more, but first, here are the specifics. Oak Hill is an experienced investor in the FTTP space and has been a partner with the MetroNet team since 2014. They are part of the Executive team within the C-Suite Department and their management level is C-Level. MetroNet is one of the fastest-growing providers of fiber optic high-speed broadband services in the nation. 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. www.broadbandtechreport.com is using a security service for protection against online attacks. 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. Simpson Thacher served as legal counsel to KKR. 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. 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. 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.. The transaction is expected to close in the 3rd quarter, subject to regulatory approvals and other customary closing conditions. That said, the average cost per Mbps for the promo prices of all three plans is approximately 14 cents. Click on the video to preview the hands-on training our technicians receive. This is a great state, we just think this is a great place for us to deliver our kind of services.. Willow Abbey Mercando/The Daily Reflector GREENVILLE . "Metronet has been incredible to work with as they are gearing up to provide service to the rest of the community. 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. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Home internet and broadband, including plans, providers, internet speeds and connection types. Cablefax Daily readers get exclusive industry news-every business day. 2023 www.news-journalonline.com. You can't really go wrong with an FTTH connection. Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. All rights reserved. I think its a much better way to communicate. MetroNet, which started in 2005, has grown to 120 communities across much of the Midwest and southeastern U.S. However, it's still worth calling out, especially since the Metronet coverage map includes areas covered by cable and satellite internet providers, many of whom enforce monthly data limits. Now, it's unveiling a 2-gigabit option for customers across its footprint. This rivals the aggressive referral program we've seen from Nomad Internet. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Services, Industrials, Media & Communications, and Consumer. 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. 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. "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. We provide every employee with advanced safety training, and we are continuously improving safety processes and protocols. MetroNet is installed in 14 states and is the largest privately owned fibers-to-home company in the nation, he said. 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. 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.. Its reliability and the symmetrical speeds it offers are currently unparalleled in broadband. "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." . This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. 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. About KKRKKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. 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. Who is the parent company of MetroNet? Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. "We value our long-standing partnership with Oak Hill. 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. 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. A new fiber-optic internet, television and phone service company is coming to Fayetteville, the Fayetteville-Cumberland County Economic Development Corp. announced Tuesday. KKRs insurance subsidiaries offer retirement, life, and reinsurance products under the management of The Global Atlantic Financial Group. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Polsinelli served as legal counsel to MetroNet. It's not a prerequisite, so not all homes will need to add this cost, but you should be aware of it nonetheless. Its plan pricing is quite good, especially considering its coverage map plays in areas where cable and satellite services have previously reigned. Metronet doesn't charge an additional equipment fee: it includes a wireless router in your monthly cost. Founded in 2005, MetroNet is a provider of fiber optic telecommunications services including internet, phone, TV, and SmartHome alarm services. 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. If you buy through our links, we may get a commission. 2023 www.fayobserver.com. Through Metronet's . Likewise, keeping our crews and associates safe is one of our highest priorities. Online access is a fundamental indication of a strong and innovative community.. 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. That makes it a provider worth paying attention to. 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. With maximum upload and download speeds of 100Mbps, Metronet's starting tier is slower than many other providers' opening offerings. Officials said thecompany will have a MetroNet storefront located in Fayetteville, where customers canspeak with customer service representatives and sign up for services. Well send you the fastest internet options, so you dont have to find them. last (mUSD) 445: Beta 1-Year: 1.07: Year-To-Date Price . 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 Again, that's not uncommon among fiber providers. 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. For example, regarding the promo prices, the cost per Mbps for Metronet's fiber gigabit plan -- is 6 cents, which is quite good. Print, Online & E-Letters, Awards, and Events. 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. Forinformation about MetroNet, visitmetronetinc.com. Metronet is part of the Internet Service Providers, Website Hosting & Internet-related Services industry, and located in Indiana, United States. 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. Print, Online & E-Letters, Awards, and Events. 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. Since Metronet didn't earn an individual ranking score within the ACSI or the J.D. visit: www.oakhill.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 . KKR will be making the investment in MetroNet through its global infrastructure strategy. 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.. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. 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. (MetroNet) Privately held fiber provider MetroNet appointed Shenandoah. Officials said the need for increase broadband became moreapparent during the coronavirus pandemic, which has led to increased virtual learning and remote work. KKR's insurance subsidiaries offer retirement, life, and reinsurance products under the management of The Global Atlantic Financial Group. The continued rise of 5G has led to availability expansion for both T-Mobile Home Internet and Verizon 5G Home. This means you can earn a $50 account credit for each person you get to sign up using your unique referral link. Reviews ethics statement | How we test ISPs. 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. Having reliable speed broadband is absolutely essential. John Cinelli, MetroNet CEO, commented on the deal: "We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR. The company is known for its superior customer service provided through a strong local presence. Wi-Fi buses: What are they and how are they helping virtual learners in Cumberland County? This hallmark investment speaks to the bright future ahead for our citizens as we close the digital divide through increased access.. Your California Privacy Rights / Privacy Policy. With more than 30 years of experience in damage prevention, Chuck leads all safety initiatives within the Metronet footprint. But we'll get to that in due time. "We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR," said John Cinelli, MetroNet CEO. Mayors and other city leaders currently are faced with a wide range of choices for their cities when trying to bridge the digital divide. 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.