Vexus builds and operates fiber-optic networks that connect directly to homes and businesses in the states of Texas, New Mexico, and Louisiana. The combined companies will continue to operate under their current brands with their current leadership teams.
Terms of the merger were not disclosed.
“We’re very excited to welcome Vexus Fiber and their associates to MetroNet,” said John Cinelli, CEO of MetroNet. “Vexus has a fast growth and high customer service mentality, very similar to MetroNet, and joining with them allows us to quickly expand our service area to even more Americans.”
Vexus Fiber currently operates fiber-to-the-home (FTTH) networks in the cities of Lubbock, Amarillo, Wichita Falls, Abilene, and surrounding areas in Texas, as well as Hammond, Covington and Mandeville in Louisiana. The company is also building new networks in the Rio Grande Valley, Tyler, Nacogdoches, and San Angelo, Texas and expanding in Lake Charles, Louisiana as well as Albuquerque and Santa Fe, New Mexico.
“Our mission at Vexus is to bring our high-quality service to as many homes and businesses in the Southwest as possible,” said Jim Gleason, president and CEO of Vexus. “With this merger, we can reach even more people faster.”
Both MetroNet and Vexus note they build and operate fiber-optic networks with symmetrical speeds of 1 gigabit or higher, connected directly to homes and businesses. The networks are futureproof and can scale to higher speeds, note the partners.
Both companies say they are "dedicated to connecting America’s underserved cities and towns and bringing state-of-the-art fiber optic connections for workers, businesses, schools, hospitals, government facilities and homes."