MetroNet Fiber Inc. has acquired Lansing, Mich.-based LightSpeed Fiber Communications, a fiber-optic internet company serving the Michigan cities of Lansing, Grand Rapids, Southfield, Huntington Woods and Ypsilanti, for an undisclosed price. Terms of the MetroNet LightSpeed deal were not disclosed.
Metronet was already providing fiber-optic internet, TV and phone service in more than 50 cities in Indiana, Illinois and Kentucky. With the addition of LightSpeed, the company’s footprint now extends further into Michigan, where the company plans to bring its TV and phone service to LightSpeed’s internet-only customers and invest up to $100 million in further expansion of its Michigan markets.
LightSpeed CEO Jason Schreiber will continue leading the Michigan market, and will assume the duties as chief technology officer for MetroNet. MetroNet will work with LightSpeed leadership to transition the Lansing office to deploy MetroNet products and services in the coming months, including offering television and telephone services to new and existing customers.
MetroNet LightSpeed Plans
“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,” said MetroNet president John Cinelli, in a prepared statement. “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.”
“LightSpeed is dedicated to revolutionizing how our customers connect and use the Internet while making it cost friendly and as efficient as possible,” Schreiber added in a prepared statement. “When the opportunity to partner with MetroNet presented itself, it made perfect sense. This partnership means accelerated expansion in Michigan, reaching more residents and businesses that are eager for our services, and other opportunities such as job creation.”