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The safety of community members where we are constructing our networks is of paramount importance to Metronet. 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. For those interested in joining the MetroNet team, visit metronetinc.com/careers to search for available positions and submit applications. For example, regarding the promo prices, the cost per Mbps for Metronet's fiber gigabit plan -- is 6 cents, which is quite good. The guys I work with are the best. 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. 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 sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. View the profiles of professionals named "John Cinelli" on LinkedIn. MetroNet is headquartered in Evansville, Indiana. 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. last (mUSD) 445: Beta 1-Year: 1.07: Year-To-Date Price . MetroNet CEO John Cinelli, pictured above, said the company is looking to aggressively expand its footprint. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. The transaction is expected to close in the 3rd quarter, subject to regulatory approvals and other customary closing conditions. MetroNet and the city of Fayetteville are bringing the service to the region, making it MetroNets first expansion in North Carolina, officials said. Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception. All rights reserved. Oak Hill is an experienced investor in the FTTP space and has been a partner with the MetroNet team since 2014. KKRs insurance subsidiaries offer retirement, life, and reinsurance products under the management of The Global Atlantic Financial Group. We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR, 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 on the low end of the scale as it charges a $25 installation fee upon signing up for service. 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 getting new investment from Oak Hill Capital and KKR - Lane Report With more than 30 years of experience in damage prevention, Chuck leads all safety initiatives within the Metronet footprint.