Indiana-based MetroNet, a provider of fibre-based internet, pay-TV and fixed voice services, has successfully completed its acquisition of Minnesota-based Jaguar Communications. The combination of the two companies will allow MetroNet to expand its fibre footprint to residential and business customers across the Midwest. MetroNet expects to invest an additional USD150 million in growing the Minnesota market to expand services to additional communities and neighbourhoods. The terms of the deal have not been disclosed.
Founded in 1999, Jaguar provides a full suite of gigabit-capable B2C/B2B fibre services to customers in 13 counties across Southern Minnesota over its 2,000-mile fibre network. For its part, MetroNet launched in 2005 and now serves 80 communities across Indiana, Illinois, Iowa, Kentucky, Minnesota, Ohio and Florida with its 100% fibre network.
As previously reported by TeleGeography’s CommsUpdate, in January 2019 MetroNet boosted its footprint with the acquisition of Michigan-based LightSpeed Fiber.