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. At Metronet, we prioritize safety within all our markets. We have information about 9 employees who work here. We thank you for choosing MetroNet and we look forward to serving you for years to come! Call the organization at phone: 18122537000. Who has worked at CINERGY METRONET, INC Former Employees A new fiber-optic internet, television and phone service company is coming to Fayetteville, the Fayetteville-Cumberland County Economic Development Corp. announced Tuesday. This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. MetroNet CEO John Cinelli and Palm Coast Mayor David Alfin. I know a little bit about a lot of things and am a good listener. 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. 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. Most Popular Stories COA reverses, remands summary judgment denial after explosion death The company is known for its superior customer service provided through a strong local presence. Metronet's headquarters are in Indiana, but its footprint extends beyond the Hoosier state. 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. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Polsinelli served as legal counsel to MetroNet. 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. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Com. This tremendous investment brings unprecedented capabilities to existing businesses and gives Fayetteville the infrastructure and competitive edge needed to attract new 9*+business and grow jobs, Fayetteville Mayor Mitch Colvin said. KKR will be making the investment in MetroNet through its global infrastructure strategy. Its reliability and the symmetrical speeds it offers are currently unparalleled in broadband. METRO NET. Cablefax Daily readers get exclusive industry news-every business day. It also means you don't have to fear any looming overage charges if you exceed a data cap. Likewise, keeping our crews and associates safe is one of our highest priorities. 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. My personal superpower is: I connect easily with people. The one part of Metronet service that is outside the norm among ISPs is what it calls a "Tech Assure Program fee." 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. 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. (MetroNet) Privately held fiber provider MetroNet appointed Shenandoah. Most recently, KKR announced the creation of independent open access wholesale fiber optic network companies in both Chile and in the Netherlands. 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.". visit: www.oakhill.com. Currently, Metronet is the country's largest, independently owned fiber-optic ISP. Metronet also did well on the most recent Ookla speed test reports. It's like a little family. 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. Its promotional pricing is decent. Metronet's referral program promotionencourages you to refer friends and family to the service. Fayetteville-Cumberland County Economic Development Corp. Broadband would close NCs digital divide; Big Telecom is blocking it. 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 and are proud to welcome our new investors at KKR, said John Cinelli, MetroNet CEO. This year, MetroNet launched services in its 9 th state as it continues to expand its fiber footprint to local communities across the country. MetroNet and the city of Fayetteville are bringing the service to the region, making it MetroNets first expansion in North Carolina, officials said. Wi-Fi buses: What are they and how are they helping virtual learners in Cumberland County? 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. 2022 was a busy year for the broadband business. "We value our long-standing partnership with Oak Hill. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. Being able to watch your favorite programs without interruptions is very important. " 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. Metronet Location 3701 Communications Way, Evansville, Indiana, 47715, United States Description Industry 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. This regional provider, headquartered in Indiana, puts its high-performing broadband service to work in 13 states across the country. MetroNet, which started in 2005, has grown to 120 communities across much of the Midwest and southeastern U.S. We ask for your address to help pinpoint which providers and plans are available in your area. Relatively speaking, it did OK there. Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception. 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 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. In order to have the best possible experience, consumers will need fast, symmetrical internet connection speeds that can accommodate multiple devices simultaneously, without buffering. KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. Simpson Thacher served as legal counsel to KKR. For more information, please visit: www.oakhill.com. "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. This hallmark investment speaks to the bright future ahead for our citizens as we close the digital divide through increased access.. 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. Education: BA, Tufts University My personal superpower is: I connect easily with people. Your California Privacy Rights / Privacy Policy. 2023 CNET, a Red Ventures company. 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. 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.. There is no limit to the number of credits you can earn. KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. George joined Metronet in October of 2017. Having reliable speed broadband is absolutely essential. That's fine and all -- but it adds $144 a year to your internet bill. Power US Residential Internet Service Provider Satisfaction Study for 2022 (due to its size), we leaned on the Better Business Bureau. Please enable cookies on your browser and try again. No. This is a great state, we just think this is a great place for us to deliver our kind of services.. We've noted numerous times in our CNET ISP reviews that it's hard to beat the performance of a fiber-to-the-home internet connection. Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception. The organization Cinergy Metronet, Inc was established on February 07, 06. Willow Abbey Mercando/The Daily Reflector GREENVILLE . About MetroNet:MetroNet is a 100 percent Fiber Optic Company headquartered in Evansville, Indiana. Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. Metronet earns high marks for its commitment to fiber broadband. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Polsinelli served as legal counsel to MetroNet. No ISP emerges unscathed when it comes to customer satisfaction numbers. It deserves kudos for keeping that fee lower than what most other ISPs will bill for the same service. For example, regarding the promo prices, the cost per Mbps for Metronet's fiber gigabit plan -- is 6 cents, which is quite good. Six months later, it announced a rebrand with a new tagline: "You will love your internet with Metronet.". 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. 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. The biggest thing that leaps out at me about Metronet's plans and pricing is that nothing truly leaps out at me. 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. Accessibility, affordability and engagement are the keys. 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. 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." Metronet's headquarters is in Evansville, Indiana, but it provides services in 16 states. If you buy through our links, we may get a commission. 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. That said, let's talk about an unavoidable charge we don't often see. You will be redirected once the validation is complete.
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