T-Mobile and KKR to acquire Metronet from Oak Hill for $4.9bn.

T-Mobile, a mobile telecommunication company, and KKR, an investment firm, agreed to acquire Metronet, a customer-focused company providing cutting-edge fiber optic telecommunication services, from Oak Hill, a private equity firm, for for $4.9bn. “This is a unique opportunity and a smart, capital-efficient deal that enables T-Mobile to profitably build on our success in broadband and provide fast, affordable and reliable connectivity options to millions more customers nationwide as a complement to our wireless growth strategy. Metronet is the perfect partner for T-Mobile as a leader in fiber solutions with an incredibly fast build pace, and a top-notch management team. Together with KKR’s strong heritage of corporate partnership and global fiber franchise, we will further expand the Un-carrier’s fiber footprint and deliver real value and choice to customers while addressing a growing demand for fast and reliable broadband," Mike Sievert, T-Mobile CEO.