Same thing happened to me.
Be careful what you wish for. I didn't get TW status, but instead "elected" not to "follow the job". Despite it being my choice (their words), ended up with involuntary layoff severance pay. Interesting.
The TWs I left behind will be required to show up in an office three days per month. They live hours of driving away from their designated offices, but those aren't in hubs. In theory they can go in for three consecutive days during last of current/first three of next, but is that really in the spirit of "collaboration?"
TWs (at least in our org) won't really be full telework, but hybrid. "Hybrid" means you have to maintain the same personal infrastructure to go into your designated workspace (cars, parking, etc.) as you would as FTO.
Anyone who doesn't like that arrangement can resign, of course, but won't get severance. I dodged a bullet worth a half-year's pay.