MetroNet acquires Michigan company
EVANSVILLE, Ind. (Inside INdiana Business) — Evansville-based MetroNet has acquired CTS, a fiber-optic internet company in southwest Michigan. MetroNet says it plans to invest more than $100 million to expand fiber-optic network services to communities and neighborhoods within the CTS service area.
CTS serves customers in portions of Battle Creek, Kalamazoo, Portage, Texas Township and Climax in Michigan. MetroNet says current CTS customers will continue to receive the services they currently have.
“The Great Lake State deserves access to a future-proofed network that provides reliable, high-speed service and expands economic development potential,” MetroNet Chief Executive Officer John Cinelli said in a news release. “By building on what CTS has already accomplished, we will bring that reality for the people and businesses that make up Michigan.”
Financial terms of the acquisition are not being disclosed. MetroNet says CTS be rebranded under the MetroNet name in the coming months.