BRIEF-T-Mobile And EQT Announce Joint Venture To Acquire Lumos

Reuters04-25

April 25 (Reuters) - T-Mobile US Inc :

* T-MOBILE AND EQT ANNOUNCE JOINT VENTURE TO ACQUIRE LUMOS AND BUILD OUT THE UN-CARRIER’S FIRST FIBER FOOTPRINT

* T-MOBILE US INC: T-MOBILE IS EXPECTED TO INVEST APPROXIMATELY $950 MILLION IN JV TO ACQUIRE A 50% EQUITY STAKE AND ALL EXISTING FIBER CUSTOMERS

* T-MOBILE US INC - COMBINED INVESTMENTS ARE EXPECTED TO ALLOW LUMOS TO REACH 3.5 MILLION HOMES PASSED BY END OF 2028

* T-MOBILE US INC - T-MOBILE CONTINUES TO EXPECT TO COMPLETE ITS REMAINING AUTHORIZATION FOR SHARE REPURCHASES AND DIVIDENDS IN 2024

* T-MOBILE US INC: EQT INFRASTRUCTURE VI EXPECTED TO BE 35-40% PERCENT INVESTED BASED ON TARGET FUND SIZE AND SUBJECT TO CUSTOMARY REGULATORY APPROVALS

* T-MOBILE: AFTER TRANSACTION CLOSES, LUMOS WILL TRANSITION TO A WHOLESALE MODEL WITH T-MOBILE AS ANCHOR TENANT

* T-MOBILE US INC - NEXT CAPITAL CONTRIBUTION BY T-MOBILE OUT OF ADDITIONAL COMMITMENT OF ABOUT $500 MILLION IS ANTICIPATED BETWEEN 2027 AND 2028

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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