T-Mobile And EQT Announce Joint Venture To Acquire Lumos; T-Mobile Expected To Invest $950M In JV To Acquire 50% Stake And All Existing Fiber Customers; Next Capital Contribution By T-Mobile Out Of Additional Commitment Of ~$500M Anticipated Between 2027-2028
Portfolio Pulse from Benzinga Newsdesk
T-Mobile and EQT have announced a joint venture to acquire Lumos, with T-Mobile investing $950M for a 50% stake and all existing fiber customers. An additional $500M contribution is expected between 2027-2028. This partnership aims to expand broadband services in the U.S. by combining T-Mobile's broadband and wireless capabilities with EQT's infrastructure expertise.
April 25, 2024 | 1:06 pm
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T-Mobile's $950M investment in a joint venture to acquire Lumos signifies a strategic expansion into fiber broadband, aiming to leverage its wireless growth with EQT's infrastructure prowess.
T-Mobile's significant investment in the joint venture with EQT to acquire Lumos and its existing fiber customers is a strategic move to expand its broadband and wireless services. The financial commitment and the anticipated additional investment suggest a long-term strategy to enhance its infrastructure and service offerings, likely leading to positive investor sentiment and potential stock price appreciation.
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