KKR Completes Acquisition of Metronet, Accelerating Fiber Expansion Across the U.S. Through Joint Venture with T-Mobile.

KKR has completed the acquisition of Metronet, an independent fiber-to-the-home provider, through a joint venture with T-Mobile. The deal brings together Metronet's broadband infrastructure and customer base, accelerating fiber expansion across the US. KKR has committed $31 billion of equity to digital infrastructure and $20 billion to power and renewables. The acquisition builds on KKR's integrated digital infrastructure franchise and expands its fiber investments across the US, Europe, and Latin America.

KKR, a leading global investment firm, has completed the acquisition of Metronet, one of the largest and fastest-growing independent fiber-to-the-home providers in the United States, through a joint venture with T-Mobile. The deal brings together Metronet's broadband infrastructure and customer base, accelerating fiber expansion across underserved markets in the US.

Metronet, which has been delivering multi-gigabit internet service to over 2.6 million homes and businesses across 300 communities in 19 states, will now operate as a wholesale internet services provider. T-Mobile Fiber will handle residential customer acquisition, support, and experience, while Metronet continues to build and maintain its fiber-optic network infrastructure. The joint venture aims to leverage Metronet's efficient fiber-construction capabilities and T-Mobile's national reach to accelerate world-class connectivity to millions of underserved homes and businesses.

The acquisition builds on KKR's integrated digital infrastructure franchise, which includes $31 billion of equity committed to digital infrastructure and over $20 billion to power and renewables. This includes supporting five data-center platforms across the U.S., APAC, and EMEA with over 155 facilities and 9 GW of pipeline. KKR's digital infrastructure portfolio also includes 12 fiber investments across 30 million homes passed in the U.S., Europe, and Latin America, with 4 million new homes passed with fiber infrastructure per year.

The deal is expected to drive significant growth for both KKR and T-Mobile. T-Mobile's stock rose 5.62% following the announcement, reflecting investor confidence in the joint venture's potential to boost T-Mobile's postpaid subscriber base and service revenues. KKR, on the other hand, will benefit from the expanded fiber investments and the opportunity to accelerate its digital infrastructure franchise.

The acquisition is a testament to KKR's long-standing commitment to the fiber space and its ability to deliver capital and capabilities to critical networks. As Metronet continues to build and maintain its fiber-optic network infrastructure, the joint venture with T-Mobile is poised to accelerate fiber deployment across underserved markets, driving economic growth and innovation.

References:
[1] https://www.stocktitan.net/news/KKR/kkr-completes-acquisition-of-metronet-through-joint-venture-6pt8xboa4q8w.html
[2] https://fxdailyreport.com/t-mobile-us-inc-nasdaqtmus-strong-subscribers-growth/
[3] https://www.businesswire.com/news/home/20250724735447/en/KKR-Completes-Acquisition-of-Metronet-through-Joint-Venture-Accelerating-Fiber-Expansion-Across-the-U.S.