T-Mobile Wants to Expand Fiber Offerings With Purchase of Metronet

Core Insights - T-Mobile is expanding its wireless offerings through a $4.4 billion acquisition of US Cellular and plans to spend an additional $4.9 billion to acquire Metronet, a fiber internet provider [1] - The joint venture with KKR will enable T-Mobile to serve Metronet's 2 million customers across 17 states, with expectations to grow to approximately 6.5 million customers by 2030 [1] - Regulatory scrutiny is anticipated regarding the US Cellular acquisition, with concerns raised by U.S. Democratic senators about potential impacts on pricing and market choices [2] Company Developments - T-Mobile's acquisition strategy includes previous purchases of Mint Mobile, Ultra Mobile, and Plum, indicating a strong focus on expansion since 2022 [2] - The company faces competition in the fiber internet market from major players such as AT&T, Google Fiber, Frontier, Verizon's FIOS, and Quantum Fiber [2] Industry Context - Crown Castle Fiber, a significant player in fiber infrastructure, is reportedly in discussions regarding the sale of its assets, indicating potential shifts in the fiber market landscape [3]