T-Mobile, KKR Acquire Fiber ISP Metronet

July 24 2024 – T-Mobile and global investment company KKR are launching a joint venture to acquire fiber ISP Metronet for $4.9 billion, with plans to grow its fiber network to 6.5 million homes by 2030.

The benefits of the partnership "with KKR’s strong heritage of corporate partnership and global fiber franchise, we will further expand the Un-carrier’s fiber footprint and deliver real value and choice to customers while addressing a growing demand for fast and reliable broadband," said Mike Sievert, CEO of T-Mobile.