institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

AT&T Agrees to Buy Lumen's Consumer Fiber Business for $5.75 Billion

  • On Wednesday, Lumen Technologies announced it has reached a deal to transfer its Quantum Fiber consumer division to AT&T in a $5.75 billion cash transaction.
  • Lumen's decision follows its plan to focus on enterprise customers and improve financial flexibility by paying down debt with $4.2 billion from the sale.
  • The agreement will see AT&T Fiber acquire service for close to one million customers spanning over four million premises in 11 states from Lumen, significantly broadening its network coverage.
  • AT&T CEO John Stankey described the acquisition as a major investment aimed at boosting employment opportunities and driving economic growth in key metropolitan areas across 11 states.
  • The deal, anticipated to finalize during the first half of 2026 subject to regulatory clearance, will enable AT&T to nearly double its fiber service coverage by 2030, while Lumen shifts its focus toward serving enterprise customers.
Insights by Ground AI
Does this summary seem wrong?

61 Articles

All
Left
2
Center
16
Right
4
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 73% of the sources are Center
73% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

TBNweekly broke the news in on Wednesday, May 21, 2025.
Sources are mostly out of (0)