T-Mobile and EQT to form a joint venture to acquire Lumos Networks in a $1.9bn deal.

T-Mobile, a telecommunication company, and EQT, a private equity firm, agreed to form a joint venture to acquire Lumos Networks, a fiber-to-the-home platform, in a $1.9bn deal. "As the demand for reliable, low-latency connectivity rapidly increases, this deal is a scalable strategy for T-Mobile to take a significant step forward in expanding on our broadband success and continue shaking up competition in this space to bring even more value and choice to consumers. Together with EQT and Lumos, T-Mobile is building on our position as the fastest growing broadband provider in the country in a value-accretive way that complements our sustained growth leadership in wireless. Customers – homes and businesses – who get the fast, affordable, and reliable internet they need will be the real winners," Mike Sievert, T-Mobile CEO.