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. 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. 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. Likewise, keeping our crews and associates safe is one of our highest priorities. "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 . For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Com. 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 more information visit www.MetroNetinc.com. How does the country narrow the digital divide? The transaction is expected to close in the 3rd quarter, subject to regulatory approvals and other customary closing conditions. 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. MetroNet is one of the fastest-growing providers of fiber optic high-speed broadband services in the nation. Please enable JavaScript on your browser and try again. 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. 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. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Polsinelli served as legal counsel to MetroNet. Its plan pricing is quite good, especially considering its coverage map plays in areas where cable and satellite services have previously reigned. AT&T, Frontier Communications, Verizon and Ziply Fiber announced new multigigabit internet plans. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Likewise, keeping our crews and associates safe is one of our highest priorities. 2023 www.news-journalonline.com. It should be near the top of your list if you fall under the Metronet coverage map. The past year has been a busy one for Cinelli and his team. This helps me to put people at ease when we first meet. At the same time, Cinelli's father, Al, was a corporate attorney in Overland Park, Kansas. In July of 2018, Chuck came on board as Metronets Safety Manager. Officials said the need for increase broadband became moreapparent during the coronavirus pandemic, which has led to increased virtual learning and remote work. More:Wi-Fi buses: What are they and how are they helping virtual learners in Cumberland County? For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website atwww.kkr.comand on Twitter @KKR_Co. Sure, I see the value of not worrying about the additional costs of any needed house calls or equipment fixes. Internet Service Providers, Website Hosting & Internet-related Services, Telecommunications. 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. visit KKRs website at www.kkr.com and on Twitter @KKR_Co. John Cinelli. Accessibility, affordability and engagement are the keys. Now, it's unveiling a 2-gigabit option for customers across its footprint. 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'll dive into the details more, but first, here are the specifics. This hallmark investment speaks to the bright future ahead for our citizens as we close the digital divide through increased access.. MetroNets goal is to help its consumers take advantage of this trend. My proudest professional achievement over the past 12 months is helping my team and my company navigate through Covid-19. 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. Lastly, regarding the "showiness" of its speed tiers (or lack thereof), I'm being a little cheeky, but I'm referring to the rollout of its multi-gigabit options. "Metronet has been incredible to work with as they are gearing up to provide service to the rest of the community. 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. 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. 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). Specific terms of the investment were not released. 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. 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. A new fiber-optic internet, television and phone service company is coming to Fayetteville, the Fayetteville-Cumberland County Economic Development Corp. announced Tuesday. 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.. With more than 30 years of experience in damage prevention, Chuck leads all safety initiatives within the Metronet footprint. www.broadbandtechreport.com is using a security service for protection against online attacks. 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.. 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. About MetroNet:MetroNet is a 100 percent Fiber Optic Company headquartered in Evansville, Indiana. Specific terms of the investment were not released. "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. 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. 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. MetroNet is bridging the digital divide as one of the fastest-growing providers of fiber optic high-speed broadband services in the nation, and is known for its superior customer service provided through a strong local presence. All rights reserved. Let's explore more. We ask for your address to help pinpoint which providers and plans are available in your area. "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. Metronet earns high marks for its commitment to fiber broadband. If you buy through our links, we may get a commission. Metronet has been committed to rolling out 100% FTTH networks from its beginnings in central Indiana. 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. Six months later, it announced a rebrand with a new tagline: "You will love your internet with Metronet.". No. For more information visitwww.MetroNetinc.com. The organization Cinergy Metronet, Inc was established on February 07, 06. The location of another office is: 3701 Communications Way, Evansville, IN 47715. 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.. It contains the video below with some helpful information as you begin your MetroNet customer journey. They are part of the Executive team within the C-Suite Department and their management level is C-Level. The continued rise of 5G has led to availability expansion for both T-Mobile Home Internet and Verizon 5G Home. 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. 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. 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. Customers do not need to worry about any usage-based charges on top of their monthly rate. "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 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. 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. My personal superpower is: I connect easily with people. John Cinelli, CEO and founder of Indiana-based MetroNet, said Palm Coast will be only the second city in . Specific terms of the investment were not released. 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. TD Securities served as advisor to Oak Hill. 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." Well send you the fastest internet options, so you dont have to find them. "We're very excited to welcome Vexus Fiber and their associates to MetroNet," said John Cinelli, Chief Executive Officer of MetroNet. 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. Fayetteville-Cumberland County Economic Development Corp. Broadband would close NCs digital divide; Big Telecom is blocking it. 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. last (mUSD) 445: Beta 1-Year: 1.07: Year-To-Date Price . Driving this, as we all know from our personal experience, is that the number of connected devices in our homes continues to grow rapidly. 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. Metronet is part of the Internet Service Providers, Website Hosting & Internet-related Services industry, and located in Indiana, United States. The transaction is expected to close in the 3rd quarter, subject to regulatory approvals and other customary closing conditions. Metronet's commitment to building 100% fiber-optic networks is both admirable and forward-looking (or future-proof, as they say). 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. More:Our View: How to grow our rural economy. 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.". Liked by John Cinelli Experience Director of Architecture Lettuce Entertain You Enterprises, Inc. Jun 2011 - Present11 years 11 months 5419 N. Sheridan Road Chicago , IL 60640 Oversees all. MetroNet CEO John Cinelli and Palm Coast Mayor David Alfin. 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. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. www.broadbandtechreport.com is using a security service for protection against online attacks. 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. For example, regarding the promo prices, the cost per Mbps for Metronet's fiber gigabit plan -- is 6 cents, which is quite good. Currently, Metronet is the country's largest, independently owned fiber-optic ISP. 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. This regional provider, headquartered in Indiana, puts its high-performing broadband service to work in 13 states across the country. This is a great state, we just think this is a great place for us to deliver our kind of services.. "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 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. Wi-Fi buses: What are they and how are they helping virtual learners in Cumberland County? KKR will be making the investment in MetroNet through its global infrastructure strategy. 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. 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. Its reliability and the symmetrical speeds it offers are currently unparalleled in broadband. 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. Oak Hill is an experienced investor in the FTTP space and has been a partner with the MetroNet team since 2014. Willow Abbey Mercando/The Daily Reflector GREENVILLE . KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. MetroNet, which started in 2005, has grown to 120 communities across much of the Midwest and southeastern U.S.
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