MetroNet Acquires Jaguar Communications
July 1, 2020
MetroNet (MetroNet Holdings, LLC) has acquired Owatonna, Minnesota-based Jaguar Communications, integrating the regional fiber-optic provider into its 100% fiber network to expand ultra-high-speed internet, phone and IPTV services across southern Minnesota. MetroNet expects to invest an additional $150 million or more to grow the Minnesota market; terms were not disclosed and the companies will fully integrate under the MetroNet brand.
- Buyers
- MetroNet, MetroNet Holdings, LLC
- Targets
- Jaguar Communications
- Sellers
- Jim Ward (Owner of Jaguar Communications)
- Industry
- Telecommunications
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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