T-Mobile Dials Up A Major Broadband Expansion: Teams With KKR To Acquire Metronet
Portfolio Pulse from Lekha Gupta
T-Mobile US, Inc. (NASDAQ:TMUS) and KKR & Co. Inc. (NYSE:KKR) have formed a joint venture to acquire Metronet's broadband infrastructure, residential fiber operations, and customer base. T-Mobile will invest $4.9 billion for a 50% stake in the JV, enhancing its 5G Home Internet and fiber partnerships. The deal is expected to close in 2025, pending regulatory approvals.
July 24, 2024 | 5:31 pm
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POSITIVE IMPACT
KKR's joint venture with T-Mobile to acquire Metronet's broadband assets will strengthen its portfolio in the telecom sector, potentially leading to higher returns.
The joint venture with T-Mobile to acquire Metronet's assets will enhance KKR's presence in the telecom sector, potentially leading to higher returns and a stronger portfolio.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Simplify Next Intangible Value Index ETF (NXTV) includes T-Mobile, which is expected to benefit from the Metronet acquisition, potentially boosting the ETF's performance.
NXTV includes T-Mobile, which is expected to benefit from the Metronet acquisition. This could positively impact the ETF's performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Invesco BuyBack Achievers ETF (PKW) includes T-Mobile, which is expected to benefit from the Metronet acquisition, potentially boosting the ETF's performance.
PKW includes T-Mobile, which is expected to benefit from the Metronet acquisition. This could positively impact the ETF's performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
T-Mobile's joint venture with KKR to acquire Metronet's broadband assets will enhance its 5G Home Internet and fiber partnerships, potentially increasing its market share and customer base.
The acquisition will significantly enhance T-Mobile's broadband capabilities, potentially increasing its market share and customer base. The investment aligns with T-Mobile's strategy to expand its 5G Home Internet service.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100