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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 this business to focus on enterprise customers and reduce its $18 billion debt, using $4.2 billion from the sale to pay down obligations.
  • The deal involves transferring accounts for close to one million fiber customers spanning over four million service locations in 11 states to AT&T Fiber.
  • AT&T CEO John Stankey highlighted that the agreement with Lumen marks a major financial commitment to improving broadband infrastructure across 11 states, which is expected to generate employment opportunities and boost regional economic growth.
  • The transaction is anticipated to finalize during the first half of 2026, subject to regulatory approval, and will enable AT&T to expand its fiber network coverage to 60 million locations by 2030.
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TBNweekly broke the news in on Wednesday, May 21, 2025.
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