European Commission Approves T-Mobile, Wren House Acquisition of i3 Broadband

WASHINGTON, June 25, 2026 – The European Commission approved Monday the joint acquisition of U.S. fiber provider i3 Broadband by T-Mobile and Wren House.

Wren House is the infrastructure investment arm of the Kuwait Investment Authority, one of the world’s largest sovereign wealth funds. The London-based private equity firm invests in long-term assets, including ports, energy, utilities, and telecom infrastructure.

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The EU’s review found that the transaction will not impact the competitive market in the European Economic Area and was completed by the EU’s simplified merger procedure.

The joint venture was announced in April, with T-Mobile investing $700 million for a 50 percent stake. i3 Broadband is a fiber to the premises broadband provider serving primarily residential customers in Missouri, Illinois, and Rhode Island.

T-Mobile and the Kuwait Investment Authority both have a large financial presence in Europe, so the deal had to be approved by the European Commission before proceeding.

T-Mobile is also investing $2 billion for a stake in a joint venture with Oak Hill Capital to buy Northeast fiber providers GoNetspeed and Greenlight Networks

Together, the i3 Broadband, GoNetSpeed, and Greenlight transactions would expand T-Mobile’s fiber footprint by approximately 1 million locations_._

The deal is expected to close in the first half of 2026.