T-Mobile explains how its proposed purchase of Metronet will benefit customers and the broader market.
Last month, T-Mobile said it intended to acquire fiber internet service provider Metronet through a joint venture with investment firm KKR. It’s now trying to persuade the Federal Communications Commission (FCC) to let the transaction go through.
Metronet is the largest privately owned and fastest-growing fiber company in the US. T-Mobile aims to acquire the company’s broadband infrastructure, its residential retail operations, and customers. The carrier will leverage its marketing and service model to scale the service. Metronet will focus on the technical side of things, such as build plans and network engineering and deployment.
Metronet currently serves 2 million homes and businesses and if the transaction is approved, the company will reach 6.5 million households by the end of 2030.
