T-Mobile (NASDAQ: TMUS), America's 5G leader and fastest growing broadband provider, today announced it has entered into definitive agreements to form two strategic fiber joint ventures (JVs): a 50/50 partnership with Oak Hill Capital to acquire and combine GoNetspeed and Greenlight Networks, and a separate 50/50 joint venture with Wren House to acquire i3 Broadband. The transactions expand T-Mobile's fiber footprint to bring fast, reliable internet to more than 1 million additional homes nationwide.

The transaction with Oak Hill is expected to close in 1H 2027, at which time T-Mobile expects to invest approximately $2.0 billion to acquire a 50% equity interest in the JV and substantially all existing residential fiber customers. The transaction with Wren House is expected to close in 2H 2026, at which time T-Mobile expects to invest approximately $700 million to acquire a 50% equity interest in the JV and substantially all existing residential fiber customers. The closing of these transactions are subject to customary closing conditions and regulatory approvals.