AT&T has entered into a definitive agreement to sell its wireline assets located in the Upper Peninsula of Michigan to Up Fiber Inc. Following the close of this transaction, AT&T's customers in that region will transition to being serviced by Michigan Broadband. This divestiture is part of AT&T's ongoing strategy to streamline its operations and focus on core growth areas.
The sale allows AT&T to optimize its asset portfolio by shedding non-strategic infrastructure. This move supports the company's broader pivot towards modern fiber and 5G networks in key markets. The financial terms of this specific transaction were not disclosed in the immediate announcement.
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