Wireless carrier T-Mobile US expects to invest about $950 million for a 50% stake in a joint venture with Swedish investment firm EQT's fund that will buy fiber optic network provider Lumos, the companies said on Thursday. Washington-based T-Mobile will invest another $500 million between 2027 to 2028 to help Lumos reach 3.5 million homes by the end of the period. T-Mobile will acquire all existing fiber customers of Lumos as part of the deal with EQT's Infrastructure VI fund, which is expected to close in late 2024 or early 2025.
The Chicago Blackhawks have agreed to a six-year contract with defenseman Alex Vlasic, rewarding one of their best young players with a long-term deal. The team announced the move on Thursday. “Alex made enormous strides this year and proved he is a legitimate top-four defenseman in the NHL,” general manager Kyle Davidson said in a release.
Tabloid boss David Pecker took the stand at Donald Trump’s hush-money trial for the third day on Thursday, testifying about his scheme to bury a Playboy Playmate’s affair story that could’ve damaged the former president’s campaign.Prosecutor Joshua Steinglass began questioning on Thursday by having Pecker walk the jury through the evolution of a $150,000 payment that Enquirer parent company American Media Inc. (AMI) made to Playmate Karen McDougal for the exclusive rights to her life story. Peck