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). Oak Hill is an experienced investor in the FTTP space and has been a partner with the MetroNet team since 2014. "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. This is a great state, we just think this is a great place for us to deliver our kind of services.. 2023 CNET, a Red Ventures company. 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. 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 value our long-standing partnership with Oak. 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. "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.". Metronet earns high marks for its commitment to fiber broadband. Metronet doesn't charge an additional equipment fee: it includes a wireless router in your monthly cost. Having reliable speed broadband is absolutely essential. METRO NET. Simpson Thacher served as legal counsel to KKR. Please enable cookies 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. This means you can earn a $50 account credit for each person you get to sign up using your unique referral link. 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. Accessibility, affordability and engagement are the keys. Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. MetroNet is headquartered in Evansville, Indiana. One of the main reasons? www.broadbandtechreport.com is using a security service for protection against online attacks. The biggest thing that leaps out at me about Metronet's plans and pricing is that nothing truly leaps out at me. It's not a prerequisite, so not all homes will need to add this cost, but you should be aware of it nonetheless. This regional provider, headquartered in Indiana, puts its high-performing broadband service to work in 13 states across the country. "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. visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Media Contact for Oak Hill:Dawn Dover Kekst CNC917-349-5621 dawn.dover@kekstcnc.com. 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. KKR will be making the investment in MetroNet through its global infrastructure strategy. 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. "Only 30 percent of households in the U.S. have access to the gigabit speeds that only fiber optic networks can provide. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Com. Power US Residential Internet Service Provider Satisfaction Study for 2022 (due to its size), we leaned on the Better Business Bureau. Most Popular Stories COA reverses, remands summary judgment denial after explosion death References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. George joined Metronet in October of 2017. Home internet and broadband, including plans, providers, internet speeds and connection types. It should be near the top of your list if you fall under the Metronet coverage map. We have information about 9 employees who work here. Metronet is on the low end of the scale as it charges a $25 installation fee upon signing up for service. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Polsinelli served as legal counsel to MetroNet. Willow Abbey Mercando/The Daily Reflector GREENVILLE . 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. "The City of East Moline is now one step closer to becoming a Gigabit City with Metronet's 100 percent fiber optic network," said John Cinelli, Metronet CEO. The service requires full JavaScript support in order to view this website. Advertisement "We are delighted to add Ankeny to our list of cities. View the profiles of professionals named "John Cinelli" on LinkedIn. 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. 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. Cinergy Metronet is situated in IN. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Oak Hill is an experienced investor in the FTTP space and has been a partner with the MetroNet team since 2014. Through Metronet's . We look forward to maintaining our commitment to excellence in serving our customers and communities.". Metronet is bringing its fiber-optic network to Ankeny with installation now available to hundreds of homes and businesses. CMN-RUS Inc., doing business as MetroNet, fiber optic communication services. Currently, Metronet is the country's largest, independently owned fiber-optic ISP. A new fiber-optic internet, television and phone service company is coming to Fayetteville, the Fayetteville-Cumberland County Economic Development Corp. announced Tuesday. MetroNet CEO John Cinelli, pictured above, said the company is looking to aggressively expand its footprint. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Services, Industrials, Media & Communications, and Consumer. 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. 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.. 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. 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. This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. TD Securities served as advisor to Oak Hill. Trey Paul is a CNET senior editor covering broadband. Metronet offers several different speed tiers, which are all fairly straightforward. 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. MetroNets goal is to help its consumers take advantage of this trend. "We got picked," said Alfin of the company's selective process. After the last year of so many people working from home, they became very comfortable using this technology. It began in 2005 in Greencastle, Indiana, as a family-run business and is led by Metronet CEO John. For example, regarding the promo prices, the cost per Mbps for Metronet's fiber gigabit plan -- is 6 cents, which is quite good. 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. The past year has been a busy one for Cinelli and his team. The Company offers internet, telephone voice, television, and data communications services. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. "Metronet has been incredible to work with as they are gearing up to provide service to the rest of the community. An avid movie fan, Trey's career also includes being a film and TV critic while pursuing a degree in New York. The service requires full cookie support in order to view this website. Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. If you buy through our links, we may get a commission. Financial terms were not disclosed. 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. - 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. "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 and future proof 100% fiber optic services for living, learning, and connecting to each other. Online access is a fundamental indication of a strong and innovative community.. 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.". More:Wi-Fi buses: What are they and how are they helping virtual learners in Cumberland County? While that's not unique for a fiber provider (AT&T, Frontier and Google Fiber don't charge for their router rentals), it's also not a given (CenturyLink and Ziply Fiber charge for their equipment leases), so that's nice to see. 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. Direct-to-consumer streaming provides the real choices that consumers have wanted in video for a long time. 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. Streaming requires fast, consistent internet speeds, and a fiber connection is the best way to deliver these services with the highest video quality. 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. Forinformation about MetroNet, visitmetronetinc.com. And because its network is FTTH, it offers symmetrical megabits-per-second download and upload speeds across all plans. The safety of community members where we are constructing our networks is of paramount importance 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. Who is the parent company 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. We thank you for choosing MetroNet and we look forward to serving you for years to come! He said constructing the network means following the electric lines. Founded in 2005, MetroNet is a provider of fiber optic telecommunications services including internet, phone, TV, and SmartHome alarm services. Metronet is part of the Internet Service Providers, Website Hosting & Internet-related Services industry, and located in Indiana, United States. MetroNet, which started in 2005, has grown to 120 communities across much of the Midwest and southeastern U.S. 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. This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. "Vexus has a fast growth and high customer service. 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.. "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. A new fiber-optic internet, television and phone service company is coming to Fayetteville, the Fayetteville-Cumberland County Economic Development Corp. announced Tuesday. Being able to watch your favorite programs without interruptions is very important. Local news:Not satisfied with finalists, Palm Coast moves to hire outside firm to find city manager, School news:Flagler superintendent bans 'All Boys Aren't Blue' for now until new books policy is set. KKR will be making the investment in MetroNet through its global infrastructure strategy. 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. The guys I work with are the best. 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). John Cinelli has been working as a Chief Executive Officer at Metronet for 14 years. 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. You can't really go wrong with an FTTH connection. The company is known for its superior customer service provided through a strong local presence. 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. MetroNet President John Cinelli said projects of similar size usually take about two years. It's just the second Florida city they've expanded to after Tallahassee. "We're very excited to welcome Vexus Fiber and their associates to MetroNet," said John Cinelli, Chief Executive Officer of MetroNet. MetroNet CEO John Cinelli speaks Thursday during a ribbon-cutting ceremony at the new Metronet retail space in Greenville. That makes it a provider worth paying attention to. 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. TD Securities served as advisor to Oak Hill. Customers do not need to worry about any usage-based charges on top of their monthly rate. www.broadbandtechreport.com is using a security service for protection against online attacks. MetroNet is installed in 14 states and is the largest privately owned fibers-to-home company in the nation, he said. We ask for your address to help pinpoint which providers and plans are available in your area. Again, that's not uncommon among fiber providers. The 200 mbps and 500 mbps plans paired with whole home WiFi for 24 months are priced at $54.95/month or $64.95/month depending on the plan. With maximum upload and download speeds of 100Mbps, Metronet's starting tier is slower than many other providers' opening offerings. Metronet's headquarters are in Indiana, but its footprint extends beyond the Hoosier state. 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. It contains the video below with some helpful information as you begin your MetroNet customer journey. 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. 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. In July of 2018, Chuck came on board as Metronets Safety Manager. Specific terms of the investment were not released. We provide every employee with advanced safety training, and we are continuously improving safety processes and protocols. Officials said the need for increase broadband became moreapparent during the coronavirus pandemic, which has led to increased virtual learning and remote work. We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR, said John Cinelli, MetroNet CEO. Almost all ISPs charge an installation fee when you first sign up for internet service, so it's no surprise to find that here. 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 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. The company is known for its superior customer service provided through a strong local presence. There is no limit to the number of credits you can earn. last (mUSD) 445: Beta 1-Year: 1.07: Year-To-Date Price . "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. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Services, Industrials, Media & Communications, and Consumer. Most recently, KKR announced the creation of independent open access wholesale fiber optic network companies in both Chile and in the Netherlands. Specific terms of the investment were not released. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 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. Wi-Fi buses: What are they and how are they helping virtual learners in Cumberland County? This process is automatic. Currently, Metronet is the country's largest, independently owned fiber-optic ISP. Education: BA, Tufts University My personal superpower is: I connect easily with people. "Residents and businesses will soon be able to experience a future-proof network in a time when reliable access has become critical." 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 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. I remember so well how anxious we all felt at the beginning as we had to learn to operate during the pandemic. 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 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.