DLA Piper served as regulatory advisor to T-Mobile US, Inc. in its 50/50 joint venture with global investment firm KKR to acquire regional fiber provider Metronet.
“Congratulations to T-Mobile on this significant deal, which will boost the company’s high-speed fiber capabilities. We are pleased to continue our longstanding relationship with T-Mobile on this significant deal and are excited to work closely again as the company expands its business,” said Nancy Victory, Co-Chair of DLA Piper’s US Telecom practice, who co-led the deal team.
Metronet, the nation’s fastest-growing fiber-to-the-home builder, connects more than two million homes and businesses across 17 states with fiber solutions. Following the transaction’s close on July 24, 2025, Metronet will transition to a wholesale services provider for its retail customers, and 100 percent of its residential fiber retail operations and customers will transition to T-Mobile. T-Mobile is expected to invest approximately US$4.9 billion to acquire a 50 percent equity stake in the Metronet joint venture and 100 percent of Metronet’s residential fiber retail operations and customers.
In addition to Victory (Washington, DC), the DLA Piper team was co-led by Partner Michael Hazzard (Washington, DC). The team also included Partner Eric DeSilva (Washington, DC) and Associates Peter Shroyer and Aliyyah Muhammad (both Washington, DC) and Ariel Diamond West (Seattle).
The same DLA Piper team also advised T-Mobile in the closing of its 50/50 joint venture with EQT’s Infrastructure VI fund to acquire fiber company Lumos for US$950 million on April 1, 2025.
DLA Piper’s Telecom Practice is ranked Band 1 by both Chambers USA and US Legal 500 for its top-tier work on telecom regulatory matters and transactions. With lawyers and other telecom specialists worldwide, DLA Piper is well positioned to assist clients with multi-country and global deals in addition to regional and global strategies for market entry and product development.