MetroNet Fiber Inc., based in Evansville, is expanding its footprint. The telecommunications provider has acquired LightSpeed ââFiber Communications in Michigan. Financial terms of the deal are not being disclosed, but MetroNet has announced plans to invest up to $ 100 million to further expand its services in Michigan.
The company has announced that it will offer its television and telephone services to LightSpeed ââInternet-only customers. LightSpeed ââCEO Jason Schreiber will assume the role of CTO for Michigan’s market leader MetroNet.
âLightSpeed ââFiber’s vision and values ââalign well with our goal of expanding our advanced fiber-optic telecommunications services to more cities while remaining customer-focused,â said John Cinelli, President of MetroNet , in a press release. âOur plans for Michigan are sustainability and growth. This investment represents a strategic opportunity to bring high speed Internet access with no data cap, full fiber optic telephone service and fiber IP television to even more customers. “
Both companies will continue to operate under their respective brands, but LightSpeed ââwill soon be offering MetroNet products and services. MetroNet says that as their teams grow, they will actively seek to add new employees, although a specific number has not been given.