Oak Hill Capital to Form Strategic Fiber Partnership With T-Mobile in $2 Billion Deal

Paul, Weiss is advising GoNetspeed and Greenlight Networks, the largest independent fiber internet providers in the Northeast and portfolio companies of Oak Hill Capital, in their combination and sale to a 50/50 strategic fiber joint venture formed by Oak Hill and T-Mobile. Under the terms of the deal, T-Mobile will invest approximately $2 billion to acquire a 50% interest in the joint venture upon completion of the transaction, expected in the first half of 2027. GoNetspeed and Greenlight will be integrated in order to expand T-Fiber by T-Mobile to residential customers across attractive markets, primarily in the northeastern U.S. 

The Paul, Weiss team includes corporate partners Brian Lavin, Erika Detjen, David Hong and Ji Lu; tax partner Reuven Garrett; intellectual property partner Chuck Googe; antitrust partners Ross Ferguson and Yuni Sobel; executive compensation partner Rebecca Coccaro; and real estate partner Peter Fisch.