T-Mobile Seeks Fiber-Optic Venture Aimed at Home Internet
- Expansion into landline would bolster wireless broadband push
- T-Mobile is working with the bank Citigroup to find partners
Photographer: David Paul Morris/Bloomberg
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T-Mobile US Inc., the nation’s second-largest wireless carrier, is exploring options to create a fiber-optic network, either through a joint venture or a commercial partnership, according to people familiar with the matter.
The company is working with Citigroup Inc. to find partners to build a fiber network targeting the home-broadband market that will require several billion dollars of investment, said the people, who asked not to be identified because the matter is private. One of the people said the joint-venture could be worth $4 billion and T-Mobile could chip in on a part of that.