Information
AT&T has reached a $5.75 billion deal to amass fiber belongings from Lumen Mass Markets
By: Brad Randall, Broadband Communities
A deal between AT&T and Lumen will see AT&T purchase “considerably all” of Lumen’s Mass Market fiber enterprise, AT&T has introduced.
The information, revealed yesterday by AT&T, shall be an all-cash transaction that can considerably develop AT&T funding in connectivity infrastructure, in line with AT&T.
Property included within the deal are roughly 1 million fiber subscribers throughout 4 million fiber areas, in line with AT&T’s Could 21 launch.
AT&T’s CEO, John Stankey, mentioned the deal will create jobs and spur financial exercise in metro areas throughout 11 states.
His feedback had been included in AT&T’s announcement.
“We’re main the race to attach extra People with fiber, one of the best broadband connectivity know-how out there,” Stankey mentioned. “As we advance our fiber construct, we’ll serve extra communities with world-class connectivity and count on to roughly double the place AT&T Fiber is on the market by the tip of 2030.”
AT&T’s launch mentioned the deal will see the acquired belongings held by a brand new, totally owned subsidiary named NetworkCo.
“It’s anticipated that together with the fiber belongings, sure workers will transfer, or obtain presents to maneuver, from Lumen to AT&T or NetworkCo as part of this deal,” AT&T’s launch acknowledged.
Moreover, Lumen’s enterprise prospects and copper-based prospects of Mass Markets usually are not a part of the settlement, in line with AT&T.
The deal is predicted to shut within the first half of 2026. The deal additionally stays topic to regulatory approval, AT&T’s launch defined.
Get content material like this delivered to your inbox. Subscribe to the Broadband Communities publication.
Study extra about Broadband Communities Summit 2025 in Houston.
