T-Mobile Announces Plans to Acquire Metronet Fiber Internet Service Provider

T-Mobile has formally announced its intention to acquire fiber Internet Service Provider (ISP) Metronet through a joint venture with investment company KKR. The telecom operator is set to invest approximately $4.9 billion for a 50 percent equity stake in the joint venture, including all of Metronet’s residential retail operations and customers.

Points clés:

– T-Mobile aims to expand its fiber footprint and provide fast and reliable broadband services.
– By partnering with Metronet, T-Mobile can leverage existing fiber infrastructure to reach more customers.
– Metronet, known as the fastest-growing fiber company in the US, currently serves 2 million households and businesses across 17 states.
– After the acquisition, T-Mobile will take over all of Metronet’s residential fiber retail operations while Metronet transitions into a wholesale services provider for its retail customers.
– T-Mobile plans to utilize Metronet’s expertise in digital and fiber infrastructure to grow its customer base to 6.5 million by 2030.
– The partnership allows T-Mobile to expand its fiber network quickly with support from Oak Hill Capital, the majority owner of Metronet.

The transaction is projected to close next year pending regulatory approval. Meanwhile, some lawmakers are closely monitoring T-Mobile’s acquisitions in light of recent developments in the telecommunications industry.

Stay tuned for updates on this exciting acquisition as it unfolds!