T-Mobile Invests $4.9 Billion in JV With KKR to Buy Metronet
T-Mobile has been challenging the broadband industry by expanding into fiber networks.
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T-Mobile US Inc. is investing $4.9 billion in a joint venture with private equity firm KKR & Co. to buy fiber-optic internet service provider Metronet.
The No. 2 US wireless carrier will use Metronet’s digital and fiber infrastructure to expand to more households with fiber broadband services, according to a statement on Wednesday.