T-Mobile’s Expansion Plans: FCC Seeks Public Input on Lumos Acquisition

T-Mobile has been making big moves in the telecommunications industry, with recent acquisitions and expansion plans. The carrier recently acquired Mint Mobile and Ultra Mobile’s parent company Ka’ena, and announced its intentions to purchase most of U.S. Cellular. In addition, T-Mobile expressed interest in acquiring fiber internet provider Lumos, prompting the Federal Communications Commission (FCC) to seek public comments on the proposed acquisition.

Here are some key points to consider:

– The FCC is allowing the public to submit comments on T-Mobile’s proposed acquisition of Lumos until July 12.
– T-Mobile will partner with global investment organization EQT to buy Lumos for $950 million initially, forming a joint venture to bring fiber access to underserved Americans.
– Lumos currently serves approximately 320,000 households and businesses in Virginia, North Carolina, and South Carolina.
– T-Mobile aims to expand Lumos’ network to serve over 3.5 million homes by the end of 2028.
– T-Mobile offers fiber services through partnerships with network operators that sell wholesale access.
– The company plans to maintain an open-access model after acquiring Lumos.
– T-Mobile is the fifth largest internet service provider in the United States, serving around 5 million customers.
– The deal is subject to regulatory approval, with both parties emphasizing that it will not be anti-competitive and will enhance broadband services for underserved communities.

Overall, the acquisition of Lumos by T-Mobile represents a strategic move to expand fiber internet services and enhance connectivity for customers. Stay tuned for updates as the deal progresses towards closure by late 2024 or early 2025. Your input matters – don’t forget to submit your comments to the FCC before July 12!