MetroNet has announced that funds managed by leading global investment firm KKR will be joining long-time partner Oak Hill Capital as investors in MetroNet, a provider of fiber optic high-speed broadband services in the nation.
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 year, MetroNet launched services in its ninth state as it continues to expand its fiber footprint to local communities across the country.
“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 percent fiber optic services for living, learning and connecting to each other,” said John Cinelli, MetroNet CEO.
Oak Hill is an experienced investor in t
