Most Popular Stories COA reverses, remands summary judgment denial after explosion death For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Com. 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. MetroNet is installed in 14 states and is the largest privately owned fibers-to-home company in the nation, he said. For more information, please visit:www.oakhill.com. Metronet | Metronet Declares Bettendorf Certified Gigabit City as 100 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. Its reliability and the symmetrical speeds it offers are currently unparalleled in broadband. Media Contact for Oak Hill:Dawn Dover Kekst CNC917-349-5621 dawn.dover@kekstcnc.com. View the profiles of professionals named "John Cinelli" on LinkedIn. 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. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Services, Industrials, Media & Communications, and Consumer. 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. In July of 2018, Chuck came on board as Metronets Safety Manager. Currently, Metronet is the country's largest, independently owned fiber-optic ISP. Fayetteville-Cumberland County Economic Development Corp. Broadband would close NCs digital divide; Big Telecom is blocking it. In order to have the best possible experience, consumers will need fast, symmetrical internet connection speeds that can accommodate multiple devices simultaneously, without buffering. That's not insignificant. MetroNet Merges, Expanding to Southwest U.S. Likewise, keeping our crews and associates safe is one of our highest priorities. Simpson Thacher served as legal counsel to KKR. Most recently, KKR. Six months later, it announced a rebrand with a new tagline: "You will love your internet with Metronet.". Staying Connected - Evansville Living Magazine "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. 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. MetroNet Announces $50 Million+ Investment in Palm Coast FiberNET Metronet doesn't charge an additional equipment fee: it includes a wireless router in your monthly cost. "We value our long-standing partnership with Oak. The safety of community members where we are constructing our networks is of paramount importance to Metronet. 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. "As a beta customer for Metronet's Fayetteville network, I have been able to experience a 100 percent fiber-optic network that has impressive upload and download speeds with no buffering," said Steve White, a local customer. 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. Education: BA, Tufts University My personal superpower is: I connect easily with people. "We got picked," said Alfin of the company's selective process. Per Ookla, Metronet crossed the finish line as the fastest ISP in two states: Iowa and 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. 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. Who owns metronet Updated in 2022 - whoownswho.org The company is known for its superior customer service provided through a strong local presence. It also means you don't have to fear any looming overage charges if you exceed a data cap. Metronet to Invest $130 Million in Colorado Springs to Build Fiber to MetroNet offers businesses and residents state-of-the-art, fiber optic networks connected directly to their homes and businesses. All rights reserved. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. He said constructing the network means following the electric lines. Currently, Metronet is the country's largest, independently owned fiber-optic ISP. Metronet Company Profile | Management and Employees List - Datanyze 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. The Company offers internet, telephone voice, television, and data communications services. MetroNets goal is to help its consumers take advantage of this trend. 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. 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. Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. The transaction is expected to close in the 3rd quarter, subject to regulatory approvals and other customary closing conditions. 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. And because its network is FTTH, it offers symmetrical megabits-per-second download and upload speeds across all plans. Oak Hill is an experienced investor in the FTTP space and has been a partner with the MetroNet team since 2014. 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. "Only 30 percent of households in the U.S. have access to the gigabit speeds that only fiber optic networks can provide. "We value our long-standing partnership with Oak Hill. Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. John Cinelli - Cablefax Metronet Begins Construction of 100 Percent Fiber Optic Network - Yahoo Here's what it is: It's a mandatory monthly charge of $12 on top of your regular monthly rate. Palm Coast was chosen, Cinelli said, largely because of its size. "Metronet has been incredible to work with as they are gearing up to provide service to the rest of the community. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. KKR will be making the investment in MetroNet through its global infrastructure strategy. The guys I work with are the best. . Please enable JavaScript on your browser and try again. 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. When we last reviewed Metronet, it offered no speed tiers above one gig. You can't really go wrong with an FTTH connection. More:Wi-Fi buses: What are they and how are they helping virtual learners in Cumberland County? The transaction is expected to close in the 3rd quarter, subject to regulatory approvals and other customary closing conditions. Willow Abbey Mercando/The Daily Reflector GREENVILLE . 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. Simpson Thacher served as legal counsel to 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.. 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. Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception. For those interested in joining the MetroNet team, visit metronetinc.com/careers to search for available positions and submit applications. It's like a little family. (MetroNet) Privately held fiber provider MetroNet appointed Shenandoah. Who is the parent company of 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. 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 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. Cinergy Metronet is situated in IN. 2023 www.fayobserver.com. Its speed tiers will get the job done, but they aren't excessively showy. When we come to a community, the thing that we say is the most important is to provide choice, Cinelli said. 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). 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. JOSEPH, Mo., November 21, 2022 -- ( BUSINESS WIRE )--Metronet today announced that construction of its 100 percent fiber optic network has officially begun in St. Joseph. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Fayetteville to have another internet service provider option The biggest thing that leaps out at me about Metronet's plans and pricing is that nothing truly leaps out at me. " 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. I had tried for many years to use video conferencing instead of phone calls, but it never really caught on. Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. John Cinelli works as a Chief Executive Officer at Metronet, which is an Internet Service Providers, Website Hosting & Internet-related Services company with an estimated 274 employees; and founded in 2005. Metronet 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. 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. 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. www.broadbandtechreport.com is using a security service for protection against online attacks. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website atwww.kkr.comand on Twitter @KKR_Co. "We're very excited to welcome Vexus Fiber and their associates to MetroNet," said John Cinelli, Chief Executive Officer of MetroNet. KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. 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. MetroNet Announces New Investments from Oak Hill Capital and KKR There are 10+ professionals named "John Cinelli", who use LinkedIn to exchange information, ideas, and opportunities. Ankeny customers have new high-speed internet option I think its a much better way to communicate. 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. MetroNet announces plan to expand broadband in Waterloo MetroNet is headquartered in Evansville, Indiana. Metronet has been committed to rolling out 100% FTTH networks from its beginnings in central Indiana. 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. And now all our small towns are Gigabit cities and have access to affordable, high-speed broadband. www.broadbandtechreport.com is using a security service for protection against online attacks. Metronet, the nation's largest independently owned, 100 percent fiber optic provider, will fully fund the . MetroNet getting new investment from Oak Hill Capital and KKR - Lane Report 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. John Cinelli - Director of Architecture - Lettuce Entertain You 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 100 communities across Indiana, Illinois, Iowa, Kentucky, Michigan, Minnesota, Ohio, Florida, and North Carolina. Company Name: Yokowo Co., Ltd. Ctry: JPN: Market Cap. Internet Service Providers, Website Hosting & Internet-related Services, Telecommunications. More fiber for NC: Metronet coming to Rocky Mount This process is automatic. 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. You will be redirected once the validation is complete. We ask for your address to help pinpoint which providers and plans are available in your area. last (mUSD) 445: Beta 1-Year: 1.07: Year-To-Date Price . 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. At Metronet, we prioritize safety within all our markets. 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. KKR's insurance subsidiaries offer retirement, life, and reinsurance products under the management of The Global Atlantic Financial Group. Through Metronet's . This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. 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. 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. The past year has been a busy one for Cinelli and his team. 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. 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. 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 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. Founded in 2005, MetroNet is a provider of fiber optic telecommunications services including internet, phone, TV, and SmartHome alarm services. Like many fiber providers, Metronet does not feature data caps on any of its plans. What sort of broadband will the average U.S. household need in five years? 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. METRO NET. Its plan pricing is quite good, especially considering its coverage map plays in areas where cable and satellite services have previously reigned. That makes it a provider worth paying attention to. 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. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Polsinelli served as legal counsel to MetroNet. 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. 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. Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. Metronet's headquarters is in Evansville, Indiana, but it provides services in 16 states. Metronet Internet features unlimited data. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 10+ "John Cinelli" profiles | LinkedIn AskFlagler For MetroNet, the expansion to Palm Coast is significant. "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. 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. 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. 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. 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. Let's examine the Metronet costs a bit more to better grasp what you'll be paying. Metronet offers several different speed tiers, which are all fairly straightforward. 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.. Specific terms of the investment were not released. Home internet and broadband, including plans, providers, internet speeds and connection types. Now, it's unveiling a 2-gigabit option for customers across its footprint. 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 opens new storefront location in Greenville As soon as we get our first neighborhoods up well start offering service. The day after your installation is complete, be on the lookout for a welcome email from John Cinelli, CEO of MetroNet. Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception. Its promotional pricing is decent. Forinformation about MetroNet, visitmetronetinc.com. 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. This hallmark investment speaks to the bright future ahead for our citizens as we close the digital divide through increased access.. Movies and film studies. 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 . 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., KKR will be making the investment in MetroNet through its global infrastructure strategy. 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. This regional provider, headquartered in Indiana, puts its high-performing broadband service to work in 13 states across the country. 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.