--Deutsche Telekom's U.S. subsidiary T-Mobile is set for a strategic shift from its focus on mobile communications as it plans to build its own fiber-optic network, German newspaper Handelsblatt reports, citing people at Deutsche Telekom directly or indirectly involved in the decision.
--The German mobile-communications firm is planning a joint venture with partner Lumos Networks, in which T-Mobile intends to invest at least $1 billion, according to the newspaper.
--Initially, the joint venture aims to build fiber-optic connections in Virginia, Handelsblatt says.
--Telekom declined to comment when contacted by Dow Jones Newswires.
Full story in German: https://bit.ly/4aeOZCp
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
03-15-24 0940ET