Feds charge 16 Russians allegedly tied to botnets used in cyberattacks and spying
An example of how a single malware operation can enable both criminal and state-sponsored hacking.
The deal, which was announced last April, will see many Lumos customers transition to T-Mobile Fibre, with the mobile operator assuming responsibility for customer experience, service delivery, and marketing.
Post acquisition, the business will transition to a wholesale model. T-Mobile will take over customer relationships and use its brand to attract new subscribers. The joint venture will focus on identifying markets, engineering and designing networks, network deployment, and customer installation.
As part of the acquisition, T-Mobile will invest $950 million in the JV to fuel the expansion of Lumos’s fibre-to-the-home (FTTH) network.
Lumos currently operates a 7,500-mile fibre network serving around 475,000 homes in the Mid-Atlantic region of the US.
T-Mobile is expected to invest an additional $500 million by 2028, which the joint venture will use to expand its fibre rollout to 3.5 million homes by the end of 2028. Lumos customers will keep their current fibre service, but will gain access to T-Mobile’s support infrastructure, including its retail presence and bundled offerings.
“T-Mobile is already the fastest-growing broadband provider in America, and expanding into fibre helps us take the next big step in delivering what customers truly want – faster, more reliable internet that simply works,” said Mike Katz, T-Mobile President of Marketing, Strategy and Products in a press release.
“People deserve better when it comes to their home internet: fewer disruptions, more value, and support that actually feels supportive. We’re excited to welcome Lumos customers to the T-Mobile family and bring them the Un-carrier experience – built around their needs, fuelled by innovation, and focused on making life easier,” he continued.
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Author: Ernestro Casas -
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