T-Mobile, Metronet Seeks FCC Merger Approval

WASHINGTON, Aug 11, 2024 – T-Mobile last week took the next step toward expanding beyond wireless and establishing a foothold as a major provider of fiber-based communications to millions of U.S. homes, including underserved communities.

In a new filing with the Federal Communications Commission, T-Mobile sought approval for its $4.9 billion acquisition of Metronet, a regional fiber provider across 21 states, in a joint venture with private equity giant KKR controlled by famed investors Henry Kravis and George Roberts. The transactions, unveiled on July 24, was the second of its kind involving T-Mobile since April.