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T-Mobile Fiber Deal with Lumos Makes Sense: New Street

New Street Monday noted unconfirmed reports that T-Mobile plans on investing in a fiber joint venture with Lumos Fiber for up to $1 billion. “Assuming it is correct, we aren’t surprised,” analyst Jonathan Chaplin told investors: “T-Mobile management has been…

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hinting at more deals with fiber companies. Lumos strikes us as a strong partner, based on the success they have had in their existing operations.” Germany’s Handelsblatt first reported the development, citing unnamed sources at Deutsche Telekom, T-Mobile’s parent. T-Mobile already offers fiber service in select locations starting at $55/month. T-Mobile didn't comment.