Starlink · France · White House · New York · Datacenter Dynamics
T-Mobile beefs up fiber push with two fresh joint ventures
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T-Mobile has deepened its fiber ambitions with two new fiber joint ventures (JV).
Key facts
- The carrier announced today (April 28) that it has forged a 50-50 JV partnership with Oak Hill Capital to acquire and combine GoNetspeed and Greenlight Networks, and a separate 50/50 joint venture
- T-Mobile said it will invest $2 billion to acquire a 50 percent equity interest in the JV and substantially all existing residential fiber customers
- T-Mobile aims to reach 12 to 15 million households with fiber by the end of 2030
- As for its JV with Wren House for the acquisition of FTTP i3 Broadband, T-Mobile noted it will invest $700 million for its stake in the JV, plus substantially all existing residential fiber customers
Summary
The carrier announced today (April 28) that it has forged a 50-50 JV partnership with Oak Hill Capital to acquire and combine GoNetspeed and Greenlight Networks, and a separate 50/50 joint venture with Wren House to acquire i3 Broadband. In total, the carrier expects the JV's to expand its fiber footprint to more than one million additional homes nationwide. The timing of the announcement comes as T-Mobile prepares to report its Q1 earnings. “These partnerships are about expanding access to high-performance fiber for more customers,” said André Almeida, chief broadband, enterprise, and emerging business officer at T-Mobile.