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AT&T to Acquire Lumen's Fiber Business for $5.75 Billion

5/22/2025

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Summary

Story summary

AT&T plans to acquire Lumen's consumer fiber business for $5.75 billion, gaining 1.1 million subscribers.
This acquisition will expand AT&T's fiber reach to 60 million locations by 2030.
Lumen will concentrate on enterprise customers and AI-driven networking while keeping its fiber backbone.
The deal is anticipated to finalize in early 2026, subject to regulatory approval.
AT&T seeks to boost customer retention through bundled fiber and wireless services.

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Story summary

AT&T plans to acquire Lumen's consumer fiber business for $5.75 billion, gaining 1.1 million subscribers.
This acquisition will expand AT&T's fiber reach to 60 million locations by 2030.
Lumen will concentrate on enterprise customers and AI-driven networking while keeping its fiber backbone.
The deal is anticipated to finalize in early 2026, subject to regulatory approval.
AT&T seeks to boost customer retention through bundled fiber and wireless services.