Wednesday, November 9, 2022

T-Mobile Considers Fiber Network Options

T-Mobile US (NASDAQ: TMUS) is exploring options to create a fiber-optic network, either through a joint venture or a commercial partnership, according to sources familiar with the discussions.

The company is working with Citigroup to find partners to build a fiber network targeting the home-broadband market that will require several billion dollars of investment, said the sources. The joint-venture could be worth $4 billion and T-Mobile could chip in on a part of that, reports Bloomberg. 

Terms aren’t finalized and could still change. The discussions with potential joint venture investors are preliminary and it’s possible no transaction will be reached. Representatives for T-Mobile and Citigroup declined comment. Continue Reading

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