T-Mobile and TPG eye Uniti’s fibre assets

T-Mobile and TPG Consider Bid to Acquire Uniti Group’s Fibre Assets

T-Mobile and private equity firm TPG are reportedly considering a joint bid to acquire Uniti Group’s fibre assets, with each company targeting different segments of the business. T-Mobile is reportedly interested in the consumer last-mile fibre business, while TPG is focusing on the wholesale and enterprise fibre assets. This move comes as Uniti Group has been repositioning itself around fibre technology following its recombination with Windstream, accelerating buildouts and shifting customers from legacy copper services to modern fibre networks.

In the fourth quarter of 2025, Uniti added 28,000 net Kinetic fibre subscribers and passed an additional 80,000 premises with fibre, bringing the total premises passed close to 1.9 million. The company has emphasized a balanced strategy across retail, wholesale, and enterprise lines, with Kinetic focusing on smaller metro and suburban footprints, while the enterprise and carrier transport business supplies long-haul routes and wholesale capacity. Uniti’s presence spans 18 states, with more than half of its households located in the Southeast, and a significant concentration in Tier 2 and Tier 3 markets where competition is lighter.

Although Uniti has not yet begun a formal sale process, the company has stated it is open to reviewing interests from several parties. For T-Mobile, acquiring a built fibre last-mile could accelerate its fixed broadband ambitions and provide a ready retail brand and subscriber base to pair with its wireless services. However, this move would also bring substantial legacy copper liabilities and migration challenges, as Uniti is currently transitioning some of its customers to its fibre networks.

TPG’s interest in Uniti’s fibre assets aligns with its recent activity in communications infrastructure. The private equity firm has pursued large-scale fibre and tower opportunities in recent years, and acquiring Uniti’s wholesale and enterprise fibre assets would further solidify its position in the sector. No financial details of the potential offers have been revealed, but the rumour has triggered a sharp uptick in Uniti’s share price, jumping roughly 14% on the news.

The potential acquisition of Uniti’s fibre assets by T-Mobile and TPG highlights the growing importance of fibre technology in the telecommunications industry. As more companies recognize the need to invest in modern infrastructure to meet the demands of consumers and businesses, fibre assets are becoming increasingly valuable. Uniti’s decision to reposition itself around fibre technology has positioned it well for potential acquisition, and the interest from T-Mobile and TPG underscores the company’s strategic value.

In the coming weeks, it will be interesting to see how Uniti’s management navigates the potential sale of its fibre assets. While the company has expressed openness to reviewing interests, it must also consider the long-term implications of such a sale on its operations and future growth. For T-Mobile and TPG, the acquisition of Uniti’s fibre assets could provide significant opportunities to expand their respective businesses and strengthen their positions in the telecommunications market.

As the telecommunications industry continues to evolve, the race for fibre assets will likely intensify. Companies that are able to invest in modern infrastructure and adapt to changing consumer demands are poised for success. The potential acquisition of Uniti’s fibre assets by T-Mobile and TPG is a testament to the growing importance of fibre technology and the competitive landscape in the industry.