Triple-play services provider MetroNet Fiber Inc. has expanded its service area into Michigan with the purchase of Lansing-based LightSpeed Fiber Communications. Terms of the deal were not disclosed.
MetroNet previously served more than 50 cities in Indiana, Illinois, and Kentucky. The addition of LightSpeed adds the Michigan communities of Lansing, Grand Rapids, Southfield, Huntington Woods, and Ypsilanti, as well as access to LightSpeed’s 2,400-mile U.S. fiber-optic backbone network that runs from Chicago to Atlanta to Washington DC. MetroNet says it will add voice and video services to LightSpeed’s internet-only offerings, as well as invest up to $100 million to further expand its Michigan markets. Jason Schreiber, LightSpeed CEO, will lead Michigan operations as well as become chief technology officer for MetroNet.
“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,” stated MetroNet President John Cinelli. “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. We are thrilled to join forces with LightSpeed Fiber and welcome them to the MetroNet family.”
For related articles, visit the Business Topic Center.
For more information on high-speed transmission systems and suppliers, visit the Lightwave Buyer’s Guide.