Acquiring Company
T-Mobile
Acquired Company
Lumos
BellevueHigh PointHardwareMobileVoipWirelessinformation technology & servicesSoftwareMobileAppsDescription
T-Mobile US has teamed up with Swedish investment firm EQT to create a joint venture (JV) for the purpose of acquiring fibre provider Lumos. This move is aimed at accelerating Lumos's fibre network rollout across America, allowing T-Mobile to transition the business to a wholesale model and expand its customer base. As part of the acquisition, T-Mobile plans to invest $950 million in the JV, with additional investments to further expand Lumos's fibre rollout by 2028.
Quick answer
T-Mobile is acquiring Lumos, announced April 26, 2024. T-Mobile is based in Bellevue, Washington, United States.
- How much did T-Mobile pay for Lumos?
- The deal value was not disclosed.
- What does T-Mobile do?
- T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all.
- Where are T-Mobile and Lumos based?
- T-Mobile is based in Bellevue, Washington, United States. Lumos is based in High Point, North Carolina, United States.
- Who are the decision-makers at T-Mobile?
- Fundz holds 1 contact at T-Mobile. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Hardware and Mobile
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- T-Mobile and EQT to form joint venture to acquire Lumos and expand fiber footprint (April 25, 2024)
- T-Mobile to acquire UScellular's Wireless Operations and Select Spectrum Assets for $4.4B, $4.4B (May 28, 2024)
- Synopsys successfully completes acquisition of Ansys to enhance electronic design and simulation capabilities (May 22, 2024)
- Boldyn Networks completes acquisition of Apogee Telecom to expand connectivity solutions (May 16, 2024)
- GitKraken completes acquisition of CodeSee; launches new DevEx platform to empower developers (May 14, 2024)
- Clearlake Capital Group, L.P. and Francisco Partners to acquire Synopsys, Inc.'s Software Integrity Group business (May 6, 2024)
Who to call at T-Mobile, and when
When T-Mobile changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day T-Mobile raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at T-Mobile, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Lumos?
Lumos was acquired by T-Mobile, based in Bellevue. The deal was reported on April 26, 2024. T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile is publicly traded (TMUS) and operates in Hardware.
When did T-Mobile acquire Lumos?
T-Mobile's acquisition of Lumos was reported on April 26, 2024. T-Mobile US has teamed up with Swedish investment firm EQT to create a joint venture (JV) for the purpose of acquiring fibre provider Lumos. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lumos do?
Lumos delivers 100% Fiber Optic Internet and Whole-Home Wi-Fi to a growing network of homes, businesses and multi-family buildings throughout the Midwest and Eastern US. It is privately held, operating in Software, and is based in High Point.
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