AT&T has closed the acquisition of Lumen Technologies’ Mass Markets fiber business for $5.75 billion in cash, extending AT&T’s fiber reach across 11 states and bringing more than 4 million customer locations and upwards of 1 million fiber subscribers into its network.
The move is expected to accelerate AT&T’s plan to grow its fiber footprint, with the company targeting more than 60 million total fiber locations by 2030. The integration of the acquired assets will be phased in over time, as AT&T combines the new customers with its existing fiber and wireless offerings.
CEO John Stankey described the expansion as a win for consumers, noting that AT&T Fiber and AT&T’s 5G wireless services will be available to millions more across the country as the integration progresses.
The acquisition aligns with AT&T’s broader commercial strategy to offer converged fiber and wireless services, aiming to improve customer retention and generate higher returns from blended offerings.
AT&T cautioned that forward-looking statements in the announcement involve risks and uncertainties, and actual results may differ. The company expects to complete the integration and realize fiber-penetration gains in the years ahead as part of its competitive positioning in the U.S. broadband market.
Note: This item is based on the official press release and subsequent reporting on the deal, and may include industry context from Broadband Communities.
