AT&T Inc.
AT&T to Acquire Lumen's Mass Markets Fiber Business
Summary
AT&T Inc. announced on May 21, 2025, that it has entered into a definitive agreement to acquire substantially all of Lumen Technologies' mass markets fiber internet connectivity business in an all-cash transaction valued at $5.75 billion, subject to purchase price adjustments. The acquisition aims to expand AT&T's fiber network, enhance investment in U.S. connectivity infrastructure, and accelerate high-speed fiber internet access to millions of Americans. The transaction is expected to close in the first half of 2026, pending regulatory approvals and other customary closing conditions. Following the acquisition, AT&T intends to sell partial ownership of the acquired assets to an equity partner, planning to close this transaction within 6-12 months of the initial deal. AT&T has also reiterated its full-year 2025 financial and operational guidance and share repurchase plans.
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About AT&T Inc.
AT&T Inc. is a leading telecommunications conglomerate that provides a wide array of communication services. Its primary function is to offer wired and wireless voice and data telecommunications services to consumers, businesses, and governmental agencies. AT&T operates prominent brands such as AT&T Mobility, offering wireless voice and data services, and provides broadband subscription television services through its subsidiary, DirecTV. The company plays a significant role in pioneering broadband networks and building advanced mobile and 5G infrastructures, impacting various sectors such as media, entertainment, and technology. Headquartered in Dallas, Texas, AT&T also holds a strategic position in content distribution following its acquisition of Time Warner, diversifying with ventures into media production and streaming services. AT&T continues to be a driving force in shaping global communications and media landscapes by maintaining robust connectivity solutions and content delivery mechanisms.
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