T-Mobile enters agreements to form two strategic fiber JVs

T-Mobile (TMUS) entered into definitive agreements to form two strategic fiber joint ventures: a 50/50 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. The transactions expand T-Mobile’s fiber footprint to bring fast, reliable internet to more than 1 million additional homes nationwide. T-Mobile’s approach to broadband is simple: deliver the best product, at the best value with the best experience all on the best network. This strategy has made T-Mobile the nation’s leader in fixed wireless access, with 5G broadband leading the industry in growth for four consecutive years. At the same time, T-Mobile is rapidly scaling fiber as a complementary part of its broadband portfolio. Through wholesale partnerships and capital-efficient joint ventures, the company has quickly grown to serve approximately 1 million customers with ultra-fast fiber in just two years. The transaction with Oak Hill is expected to close in 1H 2027, at which time T-Mobile expects to invest approximately $2.0 billion to acquire a 50% equity interest in the JV and substantially all existing residential fiber customers. The transaction with Wren House is expected to close in 2H 2026, at which time T-Mobile expects to invest approximately $700 million to acquire a 50% equity interest in the JV and substantially all existing residential fiber customers. The closing of these transactions are subject to customary closing conditions and regulatory approvals. Together, these joint ventures mark another step in T-Mobile’s continued long-term broadband expansion, strengthening its ability to deliver more choice and better connectivity to customers nationwide.