T-Mobile US Aims for Expansion in the Fiber Optic Segment

In an ambitious expansion of their portfolio, T-Mobile US, known primarily as a mobile service provider, is now also making a significant foray into the United States fiber optics market. As reported from insider circles at Deutsche Telekom, the company intends to invest one billion US dollars in a joint venture with Lumos Networks. Both parties maintain discretion; official statements are pending, and both T-Mobile and Lumos have declined to comment on the current reports. This strategic partnership is intended to lay the groundwork for T-Mobile's entry into the fiber optics business. With a focus on Virginia and subsequent expansion along the East Coast of the US, new fiber optic connections will be distributed by the mobile telecommunications giant. According to the plans at hand, it is intended that T-Mobile and Lumos will each hold a 50 percent share in the new company, thereby being equally invested. Negotiations are expected to be finalized by April of this year. Despite the lack of official confirmation, insiders consider a failure of the talks unlikely, which emphasizes the joint venture’s significance.