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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.
Is it us, or have there been some real interesting (read: large) deals crossing the finish line of late? First up, in Santa Clarita (about 36 miles northwest of Downtown Los Angeles), the Dallas-based Centennial Real Estate just shelled out $199 million for a 1.1 million-square-foot mall, the Westfield Valencia Town Center. What was perhaps even more interesting was JPMorgan Asset Management’s admirably bold play on office.
There were big deals last week including the purchase of a new Warner Bros. studio, a new California office complex and more.
Internet service provider Pilot Fiber NY is expanding its footprint in 1 World Trade Center to 12,456 square feet on the 46th floor.
T-Mobile Fiber launched in New York City in 2021. And now, T-Mobile appears to be expanding its fiber ambitions with planned launches in two more cities: Pueblo and Northglenn, Colorado.