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KKR Nearing Deal to Buy Stake in Fiber Company MetroNet

KKR Nearing Deal to Buy Stake in Fiber Company MetroNet Bloomberg 2 hrs ago © Bloomberg Sberbank PJSC Opens Russia s Biggest Data Processing Center (Bloomberg) KKR & Co. is nearing a deal to acquire a minority stake in MetroNet that values the provider of fiber-optic internet, phone and television services at almost $3 billion including debt, according to people with knowledge of the matter. Popular Searches A transaction could be announced as soon as this week, the people said. Oak Hill Capital, a private equity firm, will invest additional capital into the company, the people said. KKR and Oak Hill representatives declined to comment. A spokesperson for Evansville, Indiana-based MetroNet didn’t immediately respond to a request for comment.

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