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.
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AT&T acquiring Quantum Fiber from CenturyLink’s owner for $5.75 billion
Lumen Technologies, the successor of Qwest Communications International and owner of CenturyLink, has reached an agreement to sell its consumer fiber business, called Quantum Fiber, to AT&T.
·Denver, United States
Read Full ArticleAT&T announces deal for fiber internet in Southern Colorado
(SOUTHERN COLORADO) — AT&T announced it has reached a deal with Lumen, which operates CenturyLink and Quantum Fiber in 11 states, including Colorado. According to AT&T, the company reached an agreement to acquire substantially all of Lumen's Mass Markets fiber business for $5.75 billion, subject to purchase price adjustments in an all-cash transaction. The acquisition will include last-mile fiber assets and associated network elements in central…
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