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T-Mobile and KKR Announce Joint Venture to Acquire Metronet

Jul 24, 2024almost 2 years ago

Contract Type

partnership

HardwareMobileVoipWirelessinformation technology & services

Description

T-Mobile has entered into a definitive agreement to establish a joint venture with leading global investment firm KKR to acquire Metronet, including its broadband infrastructure, rapidly growing residential fiber business operations, and existing customers. Once the deal closes, T-Mobile will take responsibility for residential customer acquisition and support, leveraging its retail, marketing, and brand model, while utilizing Metronet’s expertise to expand fiber broadband services to more households.

Company Information

Company

T-Mobile US

About

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’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Sprint. For more information please visit: http://www.t-mobile.com.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months