Announced
Financials
Sources
Tags
Acquisition
Minority
Pending
Private Equity
United States
Private
Friendly
Domestic
Telecommunications Equipment
Single Bidder
fiber optics
Synopsis
Private equity firms KKR and Oak Hill Capital agreed to invest in MetroNet, a company providing fiber optic telecommunication services. Financial terms were not disclosed. "We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR. 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. We look forward to maintaining our commitment to excellence in serving our customers and communities," John Cinelli, MetroNet CEO.
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