AT&T Buying Lumen's Consumer Fiber Business
AT&T reached an agreement with Lumen to buy substantially all the company’s mass markets fiber business for $5.75 billion in cash, AT&T said Wednesday. The business line has about 1 million fiber customers and reaches more than 4 million locations across 11 U.S. states, AT&T said. It said it hopes to close the deal in the second half of this year.
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
“This deal with Lumen represents a significant investment in U.S. connectivity infrastructure that will create jobs and spur economic activity in numerous regions and major metro areas,” said AT&T CEO John Stankey. “As we advance our fiber build, we’ll serve more communities with world-class connectivity and expect to roughly double where AT&T Fiber is available by the end of 2030.”
Last week, the FCC Wireline Bureau approved Verizon’s $20 billion buy of Frontier, also primarily a fiber deal (see 2505160024).