Metronet to Acquire US Internet

Metronet announced the acquisition of fiber company US Internet for an undisclosed price. US Internet, a Minnetonka, Minnesota-based company, operates a fiber network with symmetrical speeds up to 10 Gbps in an area that includes more than 140,000 homes and businesses in and around Minneapolis. The acquisition increases the presence of Metronet, which itself was recently acquired by a joint venture between T-Mobile and KKR. Metronet’s fiber network is expanding quickly, with construction underway in dozens of cities at a time.