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AT&T Agrees to Buy Lumen's Consumer Fiber Business for $5.75 Billion

  • On Wednesday, AT&T agreed to buy Lumen Technologies' consumer fiber business, Quantum Fiber, for $5.75 billion in cash.
  • Lumen decided to sell Quantum Fiber to focus on enterprise customers, improve financial flexibility, and reduce debt near $18 billion.
  • The acquisition will transfer close to one million fiber customers in 11 states to AT&T Fiber, enhancing its footprint in key metropolitan regions.
  • Lumen CEO Kate Johnson stated this deal "enhances our financial flexibility," while AT&T CEO John Stankey called it a "significant investment in U.S. Connectivity infrastructure."
  • The transaction, subject to regulatory clearance and anticipated to finalize during the first half of 2026, will broaden AT&T Fiber’s service area and generate economic growth across multiple regions.
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TBNweekly broke the news in on Wednesday, May 21, 2025.
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