KKR has completed its acquisition of Metronet, a leading independent fiber-to-the-home provider in the U.S., through a joint venture with T-Mobile. This deal integrates Metronet’s broadband infrastructure and operations, aiming to enhance fiber deployment in underserved markets.
Metronet currently serves over 300 communities in 19 states with a fiber network covering more than 42,000 miles and reaching 2.6 million homes and businesses. The acquisition strengthens KKR’s digital infrastructure portfolio, which has seen $31 billion in investments.
After the transaction, Metronet will operate as a wholesale internet services provider, with T-Mobile Fiber managing its residential customers and experience. Metronet will focus on expanding its fiber-optic network while retaining its commercial services business.
KEY QUOTES:
“Fiber is the connective tissue of the modern economy—from tele‑health and remote learning to AI‑powered enterprises. For over 15 years, KKR has been a leader in the fiber space, delivering capital and capabilities to the world’s most critical networks. By combining Metronet’s leading build engine with T‑Mobile’s national reach, we can accelerate world‑class connectivity to millions of underserved homes and businesses.”
Waldemar Szlezak, Partner and Global Head of Digital Infrastructure at KKR
“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, Chief Executive Officer of Metronet
