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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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.
·Denver, United States
Read Full ArticleAT&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…
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