AT&T has announced its plans to acquire Lumen’s Mass Markets fiber business for $5.75 billion, a move that promises to enhance the company’s broadband infrastructure and expand its fiber internet services across the United States. This acquisition will bring approximately 1 million fiber subscribers from Lumen within 11 states, significantly increasing AT&T Fiber’s reach and enhancing the connectivity experience for more Americans.
John Stankey, AT&T’s Chairman and CEO, expressed optimism about the deal, emphasizing its role in advancing U.S. connectivity infrastructure, which is expected to create jobs and stimulate economic growth in various regions, particularly in major metropolitan areas such as Denver, Las Vegas, and Seattle. Stankey highlighted that the acquisition will roughly double the availability of AT&T Fiber by the end of 2030, allowing more consumers to access high-speed internet.
The transition of Lumen’s subscribers to AT&T Fiber will not only offer improved service but will also provide customers with greater choices in broadband and wireless options, ultimately enhancing customer satisfaction. The acquisition is anticipated to close in the first half of 2026, pending regulatory approval.
AT&T’s strategic plan involves creating a subsidiary named NetworkCo, which will manage the acquired fiber assets. This approach aims to streamline operations and promote further investment in fiber connectivity.
Additionally, AT&T plans to partner with an equity firm to partially own NetworkCo after the acquisition is finalized, allowing for continued growth in fiber services. The company reassured stakeholders that this transaction aligns with its long-term financial targets and commitment to providing high-quality connectivity.
Overall, this acquisition marks a significant step for AT&T as it aims to solidify its position as a leading provider of high-speed internet and diversify its service offerings, enabling millions more Americans to thrive in the digital age.
This development reflects a hopeful future for improved connectivity as the demand for reliable internet services continues to grow.