T-Mobile and EQT Close Joint Venture to Acquire Lumos and Expand Fiber Internet Access

T-Mobile and EQT Close Joint Venture to Acquire Lumos and Expand Fiber Internet Access

BELLEVUE, Wash. & NEW YORK--(BUSINESS WIRE)--Apr 1, 2025-

T Mobile completes acquisition of Lumos

News T-Mobile and EQT have finalised their joint venture to acquire US fibre provider Lumos, as the operator looks to expand its fixed broadband offering  The deal, which was announced last April, will see many Lumos customers transition to T-Mobile Fibre, with the mobile operator assuming responsibility for customer experience, service delivery, and marketing.   Post acquisition, the business will transition to a wholesale model. T-Mobile will …

T-Mobile and EQT close deal to expand fiber internet with Lumos - TelecomLead

T-Mobile and EQT have closed a deal to acquire Lumos, a fiber-to-the-home provider in the Mid-Atlantic. This deal will help T-Mobile expand its broadband services and bring fiber internet to more areas. The goal is to reach 3.5 million homes by 2028 and complement T-Mobile’s existing 5G internet service. T-Mobile’s strategy focuses on expanding its broadband leadership by integrating fiber internet into its offerings, enhancing customer experien…

T-Mobile Drops DEI to Get Deals Approved by FCC

The FCC has approved T-Mobile's deal to effectively acquire fiber-to-the-home provider Lumos. New FCC chair Brendan Carr has publicly threatened to block merger & acquisition deals in telecom with companies that promote DEI (Diversity, Equity, and Inclusion), and opened official FCC probes into DEI programs at both Comcast and Verizon. As recently as March 26th, T-Mobile had a dedicated Diversity and Inclusion page on its public web site; that h…

T-Mobile tosses DEI to get its Lumos fiber deal approved

T-Mobile officially closed its joint venture with EQT to acquire Lumos, which apparently came at the cost of its DEI policies.

T-Mobile US closes fibre JV deal to buy Lumos

T-Mobile US and investor company EQT wrapped up their joint venture (JV) to acquire US-based FTTH provider Lumos Networks, as part of the mobile operator’s plan to offer broadband beyond its mobile-based service. T-Mobile invested $950 million in the JV to acquire a 50 per cent equity stake, with an additional $500 million planned between 2027 and 2028 to support future expansion. Lumos serves 475,000 homes over 7,500 route miles with fibre-base…