Get ready for more competition for internet and TV service in Des Moines. Today Indiana based MetroNet announced it s planning to install a $70 million fiber optic network in the metro. Homeowners will likely be seeing crews installing fiber optic lines overhead or underground as MetroNet wires the entire city. But the wire is not copper, it’s a tube of light.When it comes to using the internet, speed is usually a top priority for users like Drake Student Grace Long.“Fast internet speed is something that is important to me as a college student,” she said. And now Long and the rest of the Capitol City are hearing about a new private provider called MetroNet. “A lot higher speeds for kind of the same costs is kind of our model, MetroNet spokesman Keith Leonhardt said.Leonhardt said MetroNet is already in several Iowa cities like Ames, Ankeny and Urbandale. Now it s planning its biggest Iowa operation so far . Des Moines. “Iowa has just been a terrific state, Leonhardt
MetroNet Announces New Investments from Oak Hill Capital and KKR
New Funding will Accelerate Deployment of Fiber-Based High Speed Broadband Networks to Communities Across the U.S.
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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. 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 9