T-Mobile and KKR completed the acquisition of Metronet from Oak Hill for $4.9bn.

T-Mobile, a mobile telecommunication company, and KKR, an investment firm, completed the acquisition of Metronet, a customer-focused company providing cutting-edge fiber optic telecommunication services, from Oak Hill, a private equity firm, for for $4.9bn. “Metronet has built the industry’s most efficient fiber‑construction engine, bringing world‑class digital infrastructure to underserved communities at an unprecedented pace. With KKR and T‑Mobile, we have best‑in‑class strategic partners committed to taking our growth to the next level,” Dave Heimbach, Metronet CEO.