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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. Lumos, which provides its fiber internet to 320,000 households, will transition to a wholesale model after the deal with T-Mobile as its main client, owning customer relationships.

(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.

(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...

T-Mobile US has revealed that its capital expenditures (Capex) will be between $9.4 billion and $9.7 billion during 2023.

T-Mobile said it started investigating a cyber security incident and data breach involving 37 million postpaid and prepaid accounts