Press release
T-Mobile and EQT Close Joint Venture to Acquire Lumos and Expand Fiber Internet Access
The partnership will expand fiber to millions of customers and bring even more capable broadband options, greater value, and benefits to customers BELLEVUE,
About this update from T-mobile Us, Inc.
[{"type":"text","content":"\nThe partnership will expand fiber to millions of customers and bring even more capable broadband options, greater value, and benefits to customers\n\n BELLEVUE, Wash. & NEW YORK--(BUSINESS WIRE)--\nToday T-Mobile (NASDAQ: TMUS), America's 5G leader and fastest-growing broadband provider, and EQT, a purpose-driven global investment organization, announced the successful close of their joint venture (JV) to acquire fiber-to-the-home provider Lumos. As part of the transaction, many Lumos customers will soon become T-Mobile Fiber customers and begin enjoying new offers and benefits as they’re welcomed into the Magenta family.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250331828341/en/T-Mobile and EQT Close Joint Venture to Acquire Lumos and Expand Fiber Internet Access. The partnership will expand fiber to millions of customers and bring even more capable broadband options, greater value, and benefits to customers.\nThis deal marks a major milestone in T-Mobile’s broadband growth and builds on the Un-carrier’s success in delivering best-in-class connectivity. By bringing more value and choice to the millions of Americans who have previously been underserved, T-Mobile continues to deliver on its mission to change broadband for good. T-Mobile will take full ownership of the customer experience, using its proven brand, nationwide retail footprint, differentiated marketing and customer-first service model to attract new subscribers.\n\nCurrently, Lumos operates a 7,500-mile fiber network, providing high-speed connectivity to 475,000 homes across the Mid-Atlantic. The joint venture combines the Un-carrier’s unique assets with EQT’s fiber infrastructure expertise, and Lumos’ scalable build capabilities to drive rapid network expansion, with the goal of reaching 3.5 million homes by the end of 2028. To fuel this growth, T-Mobile invested $950 million into the joint venture, with an additional $500 million planned between 2027 and 2028 to support further expansion. T-Mobile will provide an update to its full year 2025 guidance resulting from this transaction during its Q1 earnings call.\n\n“T-Mobile is already the fastest-growing broadband provider in America, and expanding into fiber helps us take the next big step in delivering what customers truly want – faster, more re...