T-Mobile and EQT have successfully closed a joint venture to acquire Lumos, enhancing T-Mobile's position as a leading broadband provider. As part of the transaction, Lumos customers will transition to T-Mobile Fiber, benefiting from improved services and offers. T-Mobile aims to reach 3.5 million homes by 2028 through this expansion, leveraging Lumos’ existing 7,500-mile fiber network. The company has invested $950 million initially, with plans for an additional $500 million to fuel further growth, signaling a commitment to enhance connectivity for underserved Americans.
T-Mobile is already the fastest-growing broadband provider in America, and expanding into fiber helps us take the next big step in delivering what customers truly want - faster, more reliable internet that simply works.
The joint venture combines the Un-carrier's unique assets with EQT's fiber infrastructure expertise, and Lumos' scalable build capabilities to drive rapid network expansion.
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