July 24 (Reuters) - KKR & Co Inc ( KKR ):

* T-MOBILE AND KKR ANNOUNCE JOINT VENTURE TO ACQUIRE

METRONET AND

OFFER LEADING FIBER SOLUTION TO MORE U.S. CONSUMERS

* KKR & CO INC ( KKR ): JV WILL ALSO ACQUIRE OAK HILL CAPITAL'S

EXISTING

STAKE

* KKR & CO INC ( KKR ): T-MOBILE IS EXPECTED TO INVEST APPROXIMATELY

$4.9

BILLION TO ACQUIRE A 50% EQUITY STAKE IN JV

* KKR & CO INC ( KKR ): T-MOBILE DOES NOT EXPECT TO MAKE ANY

ADDITIONAL

CAPITAL CONTRIBUTIONS TO JV

* KKR & CO INC ( KKR ): OAK HILL CAPITAL WILL RE-INVEST TO RETAIN A

MINORITY POSITION IN METRONET

* KKR: T-MOBILE WILL ALSO GET 100% OF METRONET'S RESIDENTIAL

FIBER

RETAIL OPERATIONS & CUSTOMERS

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