KKR, T-Mobile Finalize Multibillion Acquisition of Metronet
T-Mobile projected to pass 12-15 million homes with fiber
WASHINGTON, July 29, 2025 – Metronet announced that it has been acquired by a multi-billion joint venture controlled by T-Mobile and private equity KKR.
The joint venture now controls all of Metronet’s assets and operations, including its 42,000 miles of fiber lines that serve more than 2.6 million customers across 19 states.
T-Mobile will gain control of Metronet’s residential retail operations and a 50 percent stake in the joint venture in exchange for a $4.9 billion investment. KKR will also gain a 50 percent stake in the joint venture for an undisclosed amount of equity.
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