George is also a member of the Common Ground Alliance. About MetroNet:MetroNet is a 100 percent Fiber Optic Company headquartered in Evansville, Indiana. AskFlagler For MetroNet, the expansion to Palm Coast is significant. Please enable cookies on your browser and try again. Simpson Thacher served as legal counsel to KKR. Six months later, it announced a rebrand with a new tagline: "You will love your internet with Metronet.". "Palm Coast will be the launching pad for MetroNet's future Florida growth and will soon become a Certified Gigabit City," said John Cinelli, MetroNet CEO. In other words, it's essentially ISP insurance that covers the customer for any issues that might arise. Cinergy Metronet is situated in IN. 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. 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. Oak Hill is an experienced investor in the FTTP space and has been a partner with the MetroNet team since 2014. Specific terms of the investment were not released. Movies and film studies. For more information, please visit:www.oakhill.com. (Note: Prices assume you enable paperless billing.). More:Our View: How to grow our rural economy. Fayetteville-Cumberland County Economic Development Corp. Broadband would close NCs digital divide; Big Telecom is blocking it. Company Name: Yokowo Co., Ltd. Ctry: JPN: Market Cap. "Residents and businesses will soon be able to experience a future-proof network in a time when reliable access has become critical." I would prefer to see that be an optional cost for the consumer. Direct-to-consumer streaming provides the real choices that consumers have wanted in video for a long time. 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. 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 When we come to a community, the thing that we say is the most important is to provide choice, Cinelli said. "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 . Metronet's commitment to building 100% fiber-optic networks is both admirable and forward-looking (or future-proof, as they say). Metronet Internet features unlimited data. It's not a prerequisite, so not all homes will need to add this cost, but you should be aware of it nonetheless. 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." We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR, said John Cinelli, MetroNet CEO. 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. 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. John Cinelli has been working as a Chief Executive Officer at Metronet for 14 years. Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception. 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. 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. What sort of broadband will the average U.S. household need in five years? Willow Abbey Mercando/The Daily Reflector GREENVILLE . Advertisement "We are delighted to add Ankeny to our list of cities. Power US Residential Internet Service Provider Satisfaction Study for 2022 (due to its size), we leaned on the Better Business Bureau. 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.. Click on the video to preview the hands-on training our technicians receive. (MetroNet) Privately held fiber provider MetroNet appointed Shenandoah. 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, CEO and founder of Indiana-based MetroNet, said Palm Coast will be only the second city in . It's like a little family. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. The transaction is expected to close in the 3rd quarter, subject to regulatory approvals and other customary closing conditions. J.D. "We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR," said John Cinelli, MetroNet CEO. Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. Cons There really isn't any negative. announced the creation of independent open access wholesale fiber optic network companies in both Chile and in the Netherlands. Oak Hill is an experienced investor in the FTTP space and has been a partner with the MetroNet team since 2014. A new fiber-optic internet, television and phone service company is coming to Fayetteville, the Fayetteville-Cumberland County Economic Development Corp. announced Tuesday. This process is automatic. This rivals the aggressive referral program we've seen from Nomad Internet. The transaction is expected to close in the 3rd quarter, subject to regulatory approvals and other customary closing conditions. "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. Yes. Officials said the need for increase broadband became moreapparent during the coronavirus pandemic, which has led to increased virtual learning and remote work. METRO NET. 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. . 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. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Com. MetroNets fiber optic network is built to the highest technical standards, with its existing infrastructure having supported reliable service over the past year when COVID-induced disruptions substantially increased the need for greater bandwidth for tele-work, school, telehealth and more. "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." . My personal superpower is: I connect easily with people. His 20+ years of experience as a writer and editor include time at CNET's sister site, Allconnect, and working with clients like Yahoo!, Google, The New York Times and Choice Hotels. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. For instance, CenturyLink's lowest fiber option is 200Mbps, AT&T and Verizon Fios start at 300Mbps, and Frontier's opening salvo is 500Mbps. This regional provider, headquartered in Indiana, puts its high-performing broadband service to work in 13 states across the country. "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. 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. Metronet offers several different speed tiers, which are all fairly straightforward. We thank you for choosing MetroNet and we look forward to serving you for years to come! EVANSVILLE, IndMetroNet, broadband provider to Lexington, Nicholasville, Versailles and Midway, Ky., today announced global investment firm KKR will begin offering investment support. Funds managed by KKR will join long-time partner Oak Hill Capital and company management as investors in MetroNet. 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. Relatively speaking, it did OK there. 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 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. 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. 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. Being able to watch your favorite programs without interruptions is very important. MetroNet CEO John Cinelli and Palm Coast Mayor David Alfin. Having reliable speed broadband is absolutely essential. 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. Its plan pricing is quite good, especially considering its coverage map plays in areas where cable and satellite services have previously reigned. Founded in 2005, MetroNet is a provider of fiber optic telecommunications services including internet, phone, TV, and SmartHome alarm services. 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. 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.. Like many fiber providers, Metronet does not feature data caps on any of its plans. 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. With our central training facility located in Evansville, Indiana, we ensure that employees receive consistent training to remain diligent and cautious in the field. Almost all ISPs charge an installation fee when you first sign up for internet service, so it's no surprise to find that here. For more information, please visit: www.oakhill.com. At the same time, Cinelli's father, Al, was a corporate attorney in Overland Park, Kansas. Media Contact for KKR: Cara Major . Safety is the beginning of our work day, every day. The same is true for me and most of my calls now are video versus voice alone. Sure, I see the value of not worrying about the additional costs of any needed house calls or equipment fixes. For more information visitwww.MetroNetinc.com. 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. 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. We provide every employee with advanced safety training, and we are continuously improving safety processes and protocols. Complete installation of the fiber optic lines will take approximately two years, he said, covering some 50,000 homes. This year, MetroNet launched services in its 9 th state as it continues to expand its fiber footprint to local communities across the country. TD Securities served as advisor to Oak Hill. 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. MetroNet has been named in the top 50 small and medium companies on Glassdoor and has been honored with a Glassdoor Employees Choice Award recognizing MetroNet among the Best Places to Work in 2020. The company 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 means you can earn a $50 account credit for each person you get to sign up using your unique referral link. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 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.. KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. 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. Metronet, the nation's largest independently owned, 100 percent fiber optic provider, will fully fund the . www.broadbandtechreport.com is using a security service for protection against online attacks. KKR will be making the investment in MetroNet through its global infrastructure strategy. Metronet's headquarters are in Indiana, but its footprint extends beyond the Hoosier state. At Metronet, we prioritize safety within all our markets. Whats the future of direct-to-consumer streaming look like? Simpson Thacher served as legal counsel to KKR. Metronet's referral program promotionencourages you to refer friends and family to the service. 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. "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. 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. 2022 was a busy year for the broadband business. Metronet's headquarters is in Evansville, Indiana, but it provides services in 16 states. "We're very excited to welcome Vexus Fiber and their associates to MetroNet," said John Cinelli, Chief Executive Officer of MetroNet. It should be near the top of your list if you fall under the Metronet coverage map. 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. Most recently, KKR. 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. 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. 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. TD Securities served as advisor to Oak Hill. CMN-RUS Inc., doing business as MetroNet, fiber optic communication services. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 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. "Metronet has been incredible to work with as they are gearing up to provide service to the rest of the community. What habit are you keeping post-pandemic? "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. Accessibility, affordability and engagement are the keys. MetroNets goal is to help its consumers take advantage of this trend. Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. "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, which started in 2005, has grown to 120 communities across much of the Midwest and southeastern U.S. 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. 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. The transaction is expected to close in the 3rd quarter, subject to regulatory approvals and other customary closing conditions. 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 Florida with the fiber optics-based service, after Tallahassee. If you buy through our links, we may get a commission. 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. For example, regarding the promo prices, the cost per Mbps for Metronet's fiber gigabit plan -- is 6 cents, which is quite good. You can't really go wrong with an FTTH connection. Currently, Metronet is the country's largest, independently owned fiber-optic ISP. "We got picked," said Alfin of the company's selective process. 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. Metronet Location 3701 Communications Way, Evansville, Indiana, 47715, United States Description Industry For more information visit www.MetroNetinc.com. Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. 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. Metronet University: Our Safety Training Facility. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Services, Industrials, Media & Communications, and Consumer. After the last year of so many people working from home, they became very comfortable using this technology. 3701 Communications Way, Evansville, Indiana, 47715, United States, Vice President, Communications & Chief of Staff, Executive VP, Operations & Human Resources, Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, Metronet headquarters are located in 3701 Communications Way, Evansville, Indiana, 47715, United States, Metronets main industries are: Internet Service Providers, Website Hosting & Internet-related Services, Telecommunications, Metronet appears in search results as MetroNet, MetroNet Inc, Better Together Inc, Internet Service Providers, Website Hosting & Internet-related Services, Get Free Access to Metronet Contacts Info. MetroNet CEO John Cinelli speaks Thursday during a ribbon-cutting ceremony at the new Metronet retail space in Greenville. While I'd love to see the Tech Assure Program fee become an optional charge rather than a mandatory one, I give Metronet props for skipping some of the other additional charges -- like the equipment rental -- that other ISPs tend to tack onto the monthly bill. It deserves kudos for keeping that fee lower than what most other ISPs will bill for the same service. You will be redirected once the validation is complete. That said, the average cost per Mbps for the promo prices of all three plans is approximately 14 cents. Officials said thecompany will have a MetroNet storefront located in Fayetteville, where customers canspeak with customer service representatives and sign up for services. George joined Metronet in October of 2017. 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. 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. 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. Advice to Management I know a little bit about a lot of things and am a good listener. Well send you the fastest internet options, so you dont have to find them. 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. 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. "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. 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. 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. 2023 www.news-journalonline.com. Media contact for MetroNet:Keith Leonhardt 812-213-1016 www.MetronetInc.com. If you buy through our links, we may get a commission. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. "Metronet is proud to officially declare Bettendorf a Certified Gigabit City Powered by Metronet as we continue to ensure that residents and businesses throughout the city, and much of the Quad Cities, have access to a network that supports the future success of their community," said John Cinelli, Metronet CEO. 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. Most Popular Stories COA reverses, remands summary judgment denial after explosion death 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. MetroNet to bring fiber optic internet to Palm Coast, investing more than $50 million . MetroNet is installed in 14 states and is the largest privately owned fibers-to-home company in the nation, he said. Metronet is a family-owned, midwestern company led by CEO John Cinelli, who co-founded the business with his father. That makes it a provider worth paying attention to. Backed by Oak Hill, MetroNets 100% fiber optic footprint includes nearly 100 communities, including cities like Lexington, KY, and Tallahassee, FL. 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. 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 is bringing its fiber-optic network to Ankeny with installation now available to hundreds of homes and businesses. 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. 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). This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. Financial terms were not disclosed. We look forward to maintaining our commitment to excellence in serving our customers and communities.. Let's explore more. KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. MetroNet is headquartered in Evansville, Indiana. That said, let's talk about an unavoidable charge we don't often see. Your California Privacy Rights / Privacy Policy. 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. View the profiles of professionals named "John Cinelli" on LinkedIn. 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. 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. 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.
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