Evansville-based MetroNet Fiber Inc. is growing its footprint. The telecommunications provider has acquired LightSpeed Fiber Communications in Michigan. Financial terms of the deal are not being disclosed, however MetroNet says it plans to invest up to $100 million to further expand services in Michigan.
The company says it will bring its TV and phone service to LightSpeed’s Internet-only customers. LightSpeed Chief Executive Officer Jason Schreiber will take on the role of chief technology officer for MetroNet, leading the Michigan market.
"The vision and values of LightSpeed Fiber marry well with our goal of expanding our cutting-edge fiber-optic telecommunication services to more cities while remaining customer-focused," John Cinelli, president of MetroNet, said in a news release. "Our plans for Michigan are sustainability and growth. This investment represents a strategic opportunity to offer gigabit-speed internet with no data caps, full-featured fiber phone service, and fiber IPTV to even more customers."
Both companies will continue to operate under their respective brands, however LightSpeed will soon offer MetroNet products and services. MetroNet says, as their teams grow, they will be actively looking to add new employees, though a specific number was not given.