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

1. T-Mobile successfully closed a JV to acquire Lumos, expanding fiber services. 2. New Lumos customers will transition to T-Mobile Fiber, enhancing offerings.

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+0.17%Current Return
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+1.4%S&P 500
$264.1204/01 10:05 AM EDTEvent Start
$264.5604/02 04:38 PM EDTLatest Updated
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FAQ

Why Bullish?

This acquisition strengthens TMUS’s position in broadband and adds customers. Historical acquisitions often led to increased revenues.

How important is it?

Enhancing broadband service is crucial as TMUS competes in a growing market.

Why Long Term?

The integration of new customers will provide sustained revenue growth over time.

Related Companies

EQTLUMO
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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