AT&T announced a definitive agreement to acquire substantially all of Lumen Technologies' consumer fiber operations for $5.75 billion in cash. This strategic acquisition is expected to significantly expand AT&T's national fiber footprint. The deal includes approximately 95% of Quantum Fiber, about four million fiber enablements, and nearly one million subscribers as of March 31, 2025.
The acquired assets generated over $750 million of annualized revenue based on first-quarter 2025 results. This acquisition aligns with AT&T's core strategy to become America's premier converged 5G and fiber connectivity provider. The transaction is anticipated to close in the first half of 2026, pending necessary regulatory approvals from the Department of Justice.
This move will bolster AT&T's competitive position in the high-speed internet market and accelerate its goal of reaching over 60 million fiber locations by 2030. The integration of Lumen's fiber business is expected to drive further growth in high-value subscriber relationships and operational efficiencies.
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