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T-Mobile US to Form Two JVs to Expand Fiber Footprint

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T-Mobile US (TMUS) said Tuesday it has agreed to form two joint ventures to expand its fiber-to-the-premises footprint, reaching more than 1 million additional homes.

The company will partner 50/50 with Oak Hill Capital to acquire and combine GoNetspeed and Greenlight Networks, targeting 1.3 million households in the Northeast by the end of 2026.

T-Mobile expects to invest $2 billion in the deal, which is slated to close in the first half of 2027.

In a separate deal, T-Mobile will partner 50/50 with Wren House to acquire i3 Broadband for about $700 million. Serving Illinois, Missouri and Rhode Island, the venture aims to pass 500,000 homes by the end of 2026.

Both transactions are subject to regulatory approval, the company said.

Price: $184.44, Change: $+1.69, Percent Change: +0.92%

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T-Mobile US to Form Two JVs to Expand Fiber Footprint | FINWIRES