T-Mobile US forms a $4.9bn joint venture with KKR to acquire Metronet, aiming to expand fiber broadband services.
T-Mobile US is forming a $4.9bn joint venture with KKR to acquire fiber-optic internet service provider Metronet, aiming to expand its fiber broadband services to more households. Metronet currently serves 2 million homes and businesses in 17 states and will use its infrastructure to help T-Mobile challenge the broadband industry. The transaction, subject to closing conditions and regulatory approvals, is expected to complete in 2025.
July 24, 2024
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