MetroNet, a provider of fiber-optic Internet, TV and phone service, has announced the acquisition of Owatonna, MN-based Jaguar Communications, a fiber optic Internet company serving Owatonna, Mankato, Rochester, and several other Minnesota communities, the company said.
The combination of the two companies allows MetroNet to expand its ultra-high-speed fiber optic footprint to residential and business customers across the Midwest. MetroNet is expecting to invest an additional USD 150 million or more in growing the Minnesota market to expand services to additional communities and neighborhoods.
Terms of the deal were not disclosed. The transaction was officially completed yesterday.
The two companies are expected to fully integrate under the MetroNet brand in the months to come, and plan to integrate all MetroNet product line features in early 2021.
Founded in 1999 by a group of seven individuals, Jaguar Communications was created to provide advanced telecommunications to Southeastern Minnesota. Jaguar delivers voice, video, and broadband telecommunication services on a 2,000-mile fiber optic network ring serving customers in 13 counties. For more information, visit www.jaguarcommunications.com.
MetroNet is a 100% Fiber Optic Company headquartered in Evansville, Indiana. The customer-focused company provides cutting-edge fiber optic communication services, including high-speed Fiber Internet, full-featured Fiber Phone, and Fiber IPTV with a wide variety of programming. MetroNet started in 2005 with one fiber optic network in Greencastle, Indiana, and has since grown to serving and constructing networks in over 80 communities across Indiana, Illinois, Iowa, Kentucky, Michigan, Minnesota, Ohio and Florida. For more information visit www.MetroNetinc.com.