Yep, T-Mobile is going to swallow another company
T-Mobile also plans on expanding Metronet’s services by utilizing its digital and fiber infrastructure expertise and is aiming for a customer base of 6.5 million by 2030. The carrier will be responsible for attracting customers and providing support, while Metronet will focus on technical things such as build plans, network engineering, and customer installation. According to the company’s CEO Dave Heimbach, the partnership will allow the company to “expand its fiber network faster and farther.”
Oak Hill Capital, which is the majority owner of Metronet, will sell its stake to the joint venture and re-invest to keep a minority position.
The transaction is expected to close next year and like other deals like this, it will only go ahead if regulatory approval is granted.
Given some lawmakers in the US are trying to block T-Mobile’s purchase of UScellular’s operations and also want to unwind the Sprint merger, it will be interesting to see how this acquisition plays out.
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