Official Statement from T-Mobile: Puts Verizon against the Ropes with This Innovation

T-Mobile has made a strategic move in the telecommunications world. It does so after announcing the acquisition of the fiber-to-the-home (FTTH) provider Lumos. This move strengthens its position in the broadband market and puts the company in a new phase of expansion.

The telecommunications company is now preparing to bring fiber optics to millions of homes across the country. This will allow it to offer high-speed internet service to users who haven't had access to this technology.

The Agreement and T-Mobile's Investment in Fiber

This agreement, which had been announced in April of last year, marks an important step in T-Mobile's expansion in the fiber field. It has injected $950 million into a new joint venture with Lumos. An additional $500 million will be allocated between 2027 and 2028 to support the network's expansion.

According to Mike Katz, president of marketing, strategy, and products at T-Mobile, this move represents a significant advancement for the company. "T-Mobile is already the fastest-growing broadband provider in the United States. Expanding into fiber helps us take the next big step to provide what customers really want: faster, more reliable internet that just works," he said.

With this investment, it strengthens its strategy of offering next-generation connectivity services. All with the aim of responding to the growing demands of consumers for quality internet access.

The Importance of Lumos

Before its acquisition, Lumos operated a 4,660-mile (7,500 km) fiber network. It provided high-speed connectivity services to more than 475,000 homes in the Mid-Atlantic region. Thanks to the integration with T-Mobile, the company will become a wholesale fiber provider.

Brian Stading, CEO of Lumos, highlighted the advantages of this partnership. "By partnering with EQT and T-Mobile, we're ready to scale faster, bring cutting-edge fiber technology to more people," he pointed out. This collaboration will also be key to improving the quality of life for many people who, until now, have been disconnected.

The joint venture between T-Mobile, Lumos, and EQT not only promises to accelerate fiber expansion in the United States. It also puts T-Mobile in a prime position to become a leader in the fiber broadband market. With the support of EQT and Lumos's fiber deployment capabilities, it is ready to bring high-speed connectivity to millions of homes.