T‑Mobile and EQT Joint Venture Acquires Lumos
April 25, 2024
T‑Mobile and EQT formed a joint venture (backed by EQT Infrastructure VI) to acquire fiber‑to‑the‑home provider Lumos from EQT Infrastructure III. The JV will combine T‑Mobile's retail, brand and customer capabilities with EQT's infrastructure expertise to scale Lumos' fiber network and transition it to a wholesale model with T‑Mobile as the anchor tenant, with plans to reach ~3.5 million homes passed by 2028.
- Buyers
- T‑Mobile US, Inc., EQT Infrastructure VI (EQT)
- Targets
- Lumos
- Sellers
- EQT Infrastructure III
- Industry
- Telecommunications
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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