A realization of a reflectionless power splitter is proposed by use of a metamaterial junction. To design the junction, the electromagnetic wave transmission in multiple connected leads is investigated theoretically and numerically. A closed analytical form is derived for the scattering matrix of any geometry of the interconnected leads. We show that the use of a junction made of ϵ-near-zero (ENZ) material allows production of perfect transmission. This can be achieved by reducing the area of the ENZ junction (squeezing effect) and by tuning the widths of the output leads with respect to the input lead. It is also shown that the same effect is obtained without squeezed junction by using a match impedance zero index material (MIZIM junction).