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

1. T-Mobile closes joint venture to acquire Lumos, expanding its fiber services. 2. Lumos customers will transition to T-Mobile Fiber, enhancing customer benefits.

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FAQ

Why Bullish?

The acquisition enhances T-Mobile's market position in broadband, similar to past expansions that boosted stock prices.

How important is it?

Acquisition of Lumos strengthens T-Mobile's broadband services, likely improving subscriber growth and competitive positioning.

Why Long Term?

As fiber services grow, T-Mobile can expect sustained revenue increases and market presence, similar to Verizon's fiber growth.

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BELLEVUE, Wash. & NEW YORK--(BUSINESS WIRE)--Today T-Mobile (NASDAQ: TMUS), America's 5G leader and fastest-growing broadband provider, and EQT, a purpose-driven global investment organization, announced the successful close of their joint venture (JV) to acquire fiber-to-the-home provider Lumos. As part of the transaction, many Lumos customers will soon become T-Mobile Fiber customers and begin enjoying new offers and benefits as they're welcomed into the Magenta family. This deal marks a majo.

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