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.
51 Articles
51 Articles
AT&T acquiring Quantum Fiber from CenturyLink’s owner for $5.75 billion
Lumen Technologies, the successor of Qwest Communications International and owner of CenturyLink, has reached an agreement to sell its consumer fiber business, called Quantum Fiber, to AT&T.
AT&T announces deal for fiber internet in Southern Colorado
(SOUTHERN COLORADO) — AT&T announced it has reached a deal with Lumen, which operates CenturyLink and Quantum Fiber in 11 states, including Colorado. According to AT&T, the company reached an agreement to acquire substantially all of Lumen's Mass Markets fiber business for $5.75 billion, subject to purchase price adjustments in an all-cash transaction. The acquisition will include last-mile fiber assets and associated network elements in central…
AT&T to acquire Lumen's fiber business for $5.75B, expanding reach in major US cities
Late last year, CEO John Stanley outlined a three-year plan to generate billions for shareholders, focusing heavily on the expansion of its fiber and broadband network. This $5.57 billion acquisition will accelerate AT&T toward that goal, helping it double its number of fiber locations by the end of 2030. Check out how this blockbuster deal is part of a larger strategy that's already yielding results for shareholders.
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