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. It contains the video below with some helpful information as you begin your MetroNet customer journey. At the same time, Cinelli's father, Al, was a corporate attorney in Overland Park, Kansas. 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. 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. last (mUSD) 445: Beta 1-Year: 1.07: Year-To-Date Price . As soon as we get our first neighborhoods up well start offering service. You can't really go wrong with an FTTH connection. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. With more than 30 years of experience in damage prevention, Chuck leads all safety initiatives within the Metronet footprint. There is no limit to the number of credits you can earn. Let's explore more. 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. MetroNet President John Cinelli said projects of similar size usually take about two years. About KKRKKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. 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. 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. About MetroNet:MetroNet is a 100 percent Fiber Optic Company headquartered in Evansville, Indiana. 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. 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. 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. . It deserves kudos for keeping that fee lower than what most other ISPs will bill for the same service. Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. 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. 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.. No. Whats the future of direct-to-consumer streaming look like? MetroNet and the city of Fayetteville are bringing the service to the region, making it MetroNets first expansion in North Carolina, officials said. This is a great state, we just think this is a great place for us to deliver our kind of services.. If you buy through our links, we may get a commission. Driving this, as we all know from our personal experience, is that the number of connected devices in our homes continues to grow rapidly. Daytona Beach, Fla. March 12, 2022 Metronet today announced that the company will soon bring ultra-high-speed 100 percent fiber optic internet service directly to homes and businesses of Daytona Beach, Holly Hill and Ormond Beach. Specific terms of the investment were not released. "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." . In order to have the best possible experience, consumers will need fast, symmetrical internet connection speeds that can accommodate multiple devices simultaneously, without buffering. Cablefax Daily readers get exclusive industry news-every business day. 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. Lastly, where some ISPs try to lure new subscribers by offering a trial subscription to a streaming service like Disney Plus, HBO Max or Paramount Plus, Metronet gives its customers a chance to earn some significant account credits. However, usually, that charge ranges between $50 and $99, depending on the provider. Here's what it is: It's a mandatory monthly charge of $12 on top of your regular monthly rate. 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 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. Metronet is a family-owned, midwestern company led by CEO John Cinelli, who co-founded the business with his father. 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 past year has been a busy one for Cinelli and his team. 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 to bring fiber optic internet to Palm Coast, investing more than $50 million . 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. 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.. What sort of broadband will the average U.S. household need in five years? Media Contact for KKR: Cara Major . Metronet has been committed to rolling out 100% FTTH networks from its beginnings in central Indiana. www.broadbandtechreport.com is using a security service for protection against online attacks. EVANSVILLE, IndMetroNet, broadband provider to Lexington, Nicholasville, Versailles and Midway, Ky., today announced global investment firm KKR will begin offering investment support. "We're very excited to welcome Vexus Fiber and their associates to MetroNet," said John Cinelli, Chief Executive Officer of MetroNet. Per Ookla, Metronet crossed the finish line as the fastest ISP in two states: Iowa and Kentucky. This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. "We got picked," said Alfin of the company's selective process. "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. One of the main reasons? "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 . That's better than the gigabit plans offered by AT&T (8 cents), Spectrum (8 cents) and Frontier (just over 7 cents), all of which are competitors in several Metronet service areas. Power US Residential Internet Service Provider Satisfaction Study for 2022 (due to its size), we leaned on the Better Business Bureau. 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. 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. MetroNet is one of the fastest-growing providers of fiber optic high-speed broadband services in the nation. Advice to Management 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. 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's headquarters is in Evansville, Indiana, but it provides services in 16 states. 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. (MetroNet) Privately held fiber provider MetroNet appointed Shenandoah. KKR will be making the investment in MetroNet through its global infrastructure strategy. 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's monthly rate includes a router rental. This rivals the aggressive referral program we've seen from Nomad Internet. Cinergy Metronet is situated in IN. 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. Metronet, the nation's largest independently owned, 100 percent fiber optic provider, will fully fund the . Relatively speaking, it did OK there. For more information, please visit:www.oakhill.com. Forinformation about MetroNet, visitmetronetinc.com. Metronet's referral program promotionencourages you to refer friends and family to the service. 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. We look forward to maintaining our commitment to excellence in serving our customers and communities.. TD Securities served as advisor to Oak Hill. We have information about 9 employees who work here. This hallmark investment speaks to the bright future ahead for our citizens as we close the digital divide through increased access.. 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. 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. I remember so well how anxious we all felt at the beginning as we had to learn to operate during the pandemic. Its promotional pricing is decent. 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. All rights reserved. Most Popular Stories COA reverses, remands summary judgment denial after explosion death The Company offers internet, telephone voice, television, and data communications services. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website atwww.kkr.comand on Twitter @KKR_Co. Metronet is on the low end of the scale as it charges a $25 installation fee upon signing up for service. This helps me to put people at ease when we first meet. George is also a member of the Common Ground Alliance. 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. John Cinelli, CEO and founder of Indiana-based MetroNet, said Palm Coast will be only the second city in . Metronet University: Our Safety Training Facility. No ISP emerges unscathed when it comes to customer satisfaction numbers. 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. 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. Chuck is an adjunct professor at Purdue University, where he lectures on damage prevention and safety. "Metronet has been incredible to work with as they are gearing up to provide service to the rest of the community. 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. 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. Through Metronet's . Headquarters 3701 Communications Way, Evansville, Indiana, 47715, United States (844) 412-1731 CEO John Cinelli Revenue $56.2 M Employees 274 Founded 2005 Metronet Executive Team & Key Decision Makers Show Me More Executives Recently Updated Team Members Show Me More Team Members Metronet Email Formats Your Questions, Our Answers KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. MetroNet offers businesses and residents state-of-the-art, fiber optic networks connected directly to their homes and businesses. When typing in this field, a list of search results will appear and be automatically updated as you type. Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception. Specific terms of the investment were not released. Most recently, KKR announced the creation of independent open access wholesale fiber optic network companies in both Chile and in the Netherlands. For more information, please visit: www.oakhill.com. They have their poles and we string our fiber on their poles, when they go underground, we go underground. 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. 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. MetroNet is headquartered in Evansville, Indiana. "We value our long-standing partnership with Oak. 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. 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. Likewise, keeping our crews and associates safe is one of our highest priorities. Sure, I see the value of not worrying about the additional costs of any needed house calls or equipment fixes. 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.. How does the country narrow the digital divide? TD Securities served as advisor to Oak Hill. "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.". 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. Officials said thecompany will have a MetroNet storefront located in Fayetteville, where customers canspeak with customer service representatives and sign up for services. Willow Abbey Mercando/The Daily Reflector GREENVILLE . Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Services, Industrials, Media & Communications, and Consumer. 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. A new fiber-optic internet, television and phone service company is coming to Fayetteville, the Fayetteville-Cumberland County Economic Development Corp. announced Tuesday. The same is true for me and most of my calls now are video versus voice alone. 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. KKRs insurance subsidiaries offer retirement, life, and reinsurance products under the management of The Global Atlantic Financial Group. For those interested in joining the MetroNet team, visit metronetinc.com/careers to search for available positions and submit applications. 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. We provide every employee with advanced safety training, and we are continuously improving safety processes and protocols. It also means you don't have to fear any looming overage charges if you exceed a data cap. 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. Metronet is part of the Internet Service Providers, Website Hosting & Internet-related Services industry, and located in Indiana, United States. 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. John Cinelli has been working as a Chief Executive Officer at Metronet for 14 years. MetroNet is one of the fastest-growing providers of fiber optic high-speed broadband services in the nation. Metronet is bringing its fiber-optic network to Ankeny with installation now available to hundreds of homes and businesses. Simpson Thacher served as legal counsel to KKR. John Cinelli, Metronet CEO. That said, let's talk about an unavoidable charge we don't often see. "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. 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. 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. The organization Cinergy Metronet, Inc was established on February 07, 06. Metronet earned an average score of 1.32 out of 5 points, which initially didn't seem all that great. The company is known for its superior customer service provided through a strong local presence. Oak Hill is an experienced investor in the FTTP space and has been a partner with the MetroNet team since 2014. More:Wi-Fi buses: What are they and how are they helping virtual learners in Cumberland County? One exec calls Cinelli the Goldilocks of Overbuilding with an uncanny knack for picking cities that arent too big or too small, but just right for competition. MetroNet, which started in 2005, has grown to 120 communities across much of the Midwest and southeastern U.S. 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. 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. Online access is a fundamental indication of a strong and innovative community.. View the profiles of professionals named "John Cinelli" on LinkedIn. MetroNet and the city. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. "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. 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. John Cinelli. "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. announced the creation of independent open access wholesale fiber optic network companies in both Chile and in the Netherlands. Internet Service Providers, Website Hosting & Internet-related Services, Telecommunications. Oak Hill is an experienced investor in the FTTP space and has been a partner with the MetroNet team since 2014. 2023 www.fayobserver.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. While it's not available to all Metronet customers, here are the cities where you can sign up. At Metronet, we prioritize safety within all our markets. That means you don't have to worry about a throttled connection with slower speeds once you hit a certain threshold. 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. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. 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 one part of Metronet service that is outside the norm among ISPs is what it calls a "Tech Assure Program fee." "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. The transaction is expected to close in the 3rd quarter, subject to regulatory approvals and other customary closing conditions. Bank Street Group LLC and Goldman Sachs & Co. LLC served as co-lead financial advisors to MetroNet in connection with this transaction. 2023 www.news-journalonline.com. What isn't quite so simple is what you'll pay for each of those plans, though Metronet does ease the pain by nixing term agreements and providing unlimited data. Safety is the beginning of our work day, every day. Who is the parent company of MetroNet? Your California Privacy Rights / Privacy Policy. 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 . This process is automatic. "Only 30 percent of households in the U.S. have access to the gigabit speeds that only fiber optic networks can provide. MetroNet CEO John Cinelli speaks Thursday during a ribbon-cutting ceremony at the new Metronet retail space in Greenville. Simpson Thacher served as legal counsel to KKR. Specific terms of the investment were not released. Accessibility, affordability and engagement are the keys. But we'll get to that in due time. My proudest professional achievement over the past 12 months is helping my team and my company navigate through Covid-19. Officials said the need for increase broadband became moreapparent during the coronavirus pandemic, which has led to increased virtual learning and remote work. This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. That said, the average cost per Mbps for the promo prices of all three plans is approximately 14 cents. "Vexus has a fast growth and high customer service. This year, MetroNet launched services in its 9th state as it continues to expand its fiber footprint to local communities across the country. 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. Click on the video to preview the hands-on training our technicians receive. It began in 2005 in Greencastle, Indiana, as a family-run business and is led by Metronet CEO John. 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 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.. Metronet's commitment to building 100% fiber-optic networks is both admirable and forward-looking (or future-proof, as they say). This year, MetroNet launched services in its 9 th state as it continues to expand its fiber footprint to local communities across the country. 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. 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. "We value our long-standing partnership with Oak Hill. Again, that's not uncommon among fiber providers. 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.. It's like a little family. It's just the second Florida city they've expanded to after Tallahassee. The location of another office is: 3701 Communications Way, Evansville, IN 47715. "Residents and businesses will soon be able to experience a future-proof network in a time when reliable access has become critical." Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Services, Industrials, Media & Communications, and Consumer.
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