MetroNet Acquires Minnesota-Based Jaguar Communications
MetroNet announced today the acquisition of Owatonna, Minnesota based Jaguar Communications, a fiber-optic internet company serving Owatonna, Mankato, Rochester, and several other Minnesota communities.
The acquisition of Jaguar Communications allows MetroNet to expand its ultra-high-speed fiber optic footprint to residential and business customers across the Midwest, while MetroNet is expecting to invest an additional $150 million or more in growing the Minnesota market and expand services to additional communities and neighborhoods.
The transaction was officially completed yesterday and MetroNet President John Cincelli knew it was a good fit because Jaguar Communications shares the same vision as MetroNet.
“Jaguar Communications shares our vision of providing customer-focused, fiber optic telecommunication services to homes and businesses,” Cinelli said. “As we grow our fiber-optic network in Minnesota, Jaguar Communications is a perfect fit. We look forward to fully integrating as a company, and we welcome them into the MetroNet family.”
Jaguar Communications serves many Southern Minnesota counties including Carver, Scott, Dakota, Nicollet, Le Sueur, Rice, Blue Earth, Waseca, Steele, Dodge, Olmsted, Freeborn and Mower with Gigabit speed internet. MetroNet's acquisition of Jaguar Communications will allow MetroNet to leverage Jaguar's fiber-optic infrastructure to provide these markets with MetroNet's products. Jaguar Communications customers will continue to benefit from gigabit internet speeds with no data caps, full-feature fiber phone service, and fiber IPTV.
Jaguar Communications owner Jim Ward said the agreement with MetroNet was the right next step to better serve their customers and provide further opportunities for their employees.
“Over the years, Jaguar Communications has proudly served Southern Minnesota and an agreement with MetroNet just made sense”, Ward said. “This acquisition means accelerated expansion in Minnesota, reaching more residents and businesses that are eager for ultra-high-speed fiber optic services.”
Jaguar Communications and MetroNet are expected to fully integrate under the MetroNet brand in the months to come and plan to integrate all MetroNet product line features in early 2021.