Simpson Thacher represented KKR in connection with Metronet’s acquisition of US Internet, a pure-play fiber company offering residential and commercial internet services in the greater Minneapolis area. The announcement comes shortly after Metronet was acquired by a joint venture between T-Mobile and KKR. Terms of the transaction are not being disclosed.
Headquartered in Minnetonka, Minnesota, USI operates a 100% fiber network that offers internet service with symmetrical speeds up to 10 Gbps. The USI network is accessible by more than 140,000 homes and businesses in and around Minneapolis, with a coverage map that complements Metronet’s own footprint in the greater Minneapolis area.
The Simpson Thacher team included Breen Haire, Shamus Crosby, David Bumgardner, Braxton Duhon, Christine Robb, Adam Danciu, Jacob Bryant and Charles Ritger (Corporate); Nancy Mehlman, Sophie Staples, Shareef Salfity and Roberto Arza (Tax); Ron Ben-Yehuda, Christine Song and Christian Bond (Intellectual Property); David Rubinsky, Linda Barrett and Benjamin Faber (Executive Compensation and Employee Benefits); Toby Chun and Noreen Lavan (Environmental); Dennis Loiacono and Daniel Knapp (Real Estate); Peter Guryan, Kelly Karapetyan and Jamie Logie (Antitrust); and Jennifer Albrecht, Jade Chow, Win Lalley and Sally Jo (Credit).