of the parties to terminate the definitive agreements; adverse effects on the market price of T-Mobiles common stock and on T-Mobiles operating results because of a failure to complete the proposed transaction in the anticipated timeframe or at all; negative effects of the pendency or consummation of the proposed transaction on the
market price of T-Mobiles common stock and on T-Mobiles operating results; the risk of litigation or regulatory actions; the possibility that T-Mobile may not fully realize the projected benefits of the proposed transaction within expected timeframes or at all; business disruption during the pendency of or following the proposed transaction; diversion of
management time from ongoing business operations due to the proposed transaction; the risk of any unexpected costs or expenses resulting from the proposed transaction; the risk that the proposed transaction and its announcement or T-Mobiles fiber strategy generally could have an adverse effect on the ability of T-Mobile or Metronet to retain customers and retain and hire key personnel and maintain
relationships with customers, suppliers, employees, stockholders and other business relationships and on its operating results and business generally; and other risks and uncertainties detailed in
T-Mobiles Annual Report on Form 10-K for the fiscal year ended December 31, 2023, including in the sections thereof captioned Risk Factors and
Cautionary Statement Regarding Forward-Looking Statements, as well as in its subsequent reports on Form 8-K and Form 10-Q, all of which are filed with the
SEC and available at www.sec.gov and www.t-mobile.com. Forward-looking statements are based on current expectations and assumptions, which are subject to risks and uncertainties that may cause
actual results to differ materially from those expressed in or implied by such forward-looking statements. Given these risks and uncertainties, persons reading this communication are cautioned not to place undue reliance on such forward-looking
statements. T-Mobile assumes no obligation to update or revise the information contained in this communication (whether as a result of new information, future events or otherwise), except as required by
applicable law. References to our and the SECs website are inactive textual references only. Information contained on our and the SECs website is not incorporated by reference in this communication and should not be considered to be a
part of this communication.
Advisors
Citigroup
Global Markets Inc. is serving as T-Mobiles financial advisor on the transaction with Wachtell, Lipton, Rosen & Katz and Davis Wright Tremaine serving as
T-Mobiles legal counsel. Cleary Gottlieb Steen & Hamilton LLP, DLA Piper LLP and Milbank LLP are serving as T-Mobiles regulatory counsel.
Barclays and Morgan Stanley & Co. LLC are serving as lead financial advisors to KKR, with Goldman Sachs, Mizuho and MUFG also serving as financial
advisors. Simpson Thacher is serving as KKRs legal advisor.
Bank Street Group LLC and TD Securities served as financial advisors to Metronet. Paul,
Weiss, Rifkind, Wharton & Garrison LLP and Polsinelli served as legal counsel to Metronet. Lazard served as financial advisor to Oak Hill Capital.
About T-Mobile
T-Mobile US, Inc. (NASDAQ: TMUS) is Americas supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable
connectivity for all. T-Mobiles customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive
for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Mint Mobile. For more information please visit: https://www.t-mobile.com
About KKR
KKR is a leading global investment firm that
offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting
growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKRs insurance subsidiaries offer retirement, life and
reinsurance products under the management of Global Atlantic Financial Group. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc.
(NYSE: KKR), please visit KKRs website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Groups website at www.globalatlantic.com.
About Metronet
Metronet is PCMags
Fastest Major ISP for 2023 and 2024, providing multi-gigabit internet service to homes and businesses in cities like Colorado Springs, Des Moines, Indianapolis, Lexington, Norfolk, Tallahassee and more than 300 other communities across
17 states. Expanding its fiber-optic network in more than 90 communities at any one time, Metronet has become the countrys largest and fastest growing privately owned fiber-to-the-home company. More information on the Evansville, Ind.-based company can be found at metronet.com.
T-Mobile US, Inc. Media Relations
MediaRelations@t-mobile.com