For years now, T-Mobile has dabbled in the world of TV and fiber internet from home. Most recently, T-Mobile has become one of the fastest-growing home internet companies thanks to its 5G home internet service. Now, according to a report from Light Reading, T-Mobile may be about to buy a legacy cable TV company.
According to analysts at Wells Fargo, they believe T-Mobile is about to buy Frontier Communications. This would be a massive deal for T-Mobile as right now Frontier offers service in 19 states for the internet. Frontier still runs a TV service but no longer sells it to new customers. Instead, Frontier pushes YouTube TV to its customers.
Back in 2021, Frontier exited bankruptcy and is currently in the process of moving its headquarters to Texas. Not all is well with the company, though, as shares have dropped 32% since January. This move makes many believe that the rumors of a possible sale are true.
Frontier is getting pressure from within to accept a sale. According to Reuters, activist investment firm Jana Partners has taken a stake in the company and is urging it to sell.