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T-Mobile to Invest $950 Million in Venture With EQT to Buy Fiber Optic Network Provider Lumos

T-Mobile to Invest $950 Million in Venture With EQT to Buy Fiber Optic Network Provider Lumos
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T-Mobile US strikes JV to build fibre footprint

T-Mobile pulled the trigger on a deal to form a joint venture (JV) with investor EQT to acquire US-based FTTH provider Lumos Networks.

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With Lumos, T-Mobile to reach 3.5M homes with fiber by 2028

T-Mobile will invest $950 million for a 50% stake in a joint venture with EQT for fiber operator Lumos. The deal represents T-Mobile's deepening interest in moving beyond fixed wireless to fiber.

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T-Mobile Raises Forecast for Subscriber Additions on Demand for Its Discounted Plans

T-Mobile Raises Forecast for Subscriber Additions on Demand for Its Discounted Plans
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T-Mobile raises forecast for subscriber additions on demand for its discounted plans

T-Mobile US on Thursday
raised its annual forecast for monthly bill-paying phone
subscriber growth, as more customers tap into its discounted
plans and on expansion of 5G network coverage.
...

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T-Mobile posts mixed Q1 top and bottom line, expects more subscribers in 2024

T-Mobile posts mixed Q1 top and bottom line, expects more subscribers in 2024
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T-Mobile Reports Mixed Q1 Results: EPS Beat, Revenue Misses - T-Mobile US (NASDAQ:TMUS)

T-Mobile reported quarterly earnings of $2.00 per share which beat the analyst consensus estimate of $1.89 by 5.82%. Quarterly sales clocked in at $19.594 billion which missed the analyst consensus estimate of $19.811 billion by 1.09% and represents a 0.19 % decrease from the same period last year.

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T-Mobile led the industry in several important categories during Q1

T-Mobile reported a slightly smaller number of net new postpaid phone customer additions while still leading the industry.

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T-Mobile to invest $950 million in venture with EQT to buy fiber optic network provider Lumos

(Reuters) - Wireless carrier T-Mobile US expects to invest about $950 million for a 50% stake in a joint venture with Swedish investment firm EQT's fund that will buy fiber optic network provider Lumos, the companies said on Thursday. Washington...

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T-Mobile to invest $950 million in venture with EQT to buy fiber optic network provider Lumos

(Reuters) - Wireless carrier T-Mobile US expects to invest about $950 million for a 50% stake in a joint venture with Swedish investment firm EQT's fund that will buy fiber optic network provider Lumos, the companies said on Thursday. Washington-based T-Mobile will invest another $500 million between 2027 to 2028 to help Lumos reach 3.5 million homes by the end of the period. T-Mobile will acquire all existing fiber customers of Lumos as part of the deal with EQT's Infrastructure VI fund, which is expected to close in late 2024 or early 2025.

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