AT&T Acquires Lumen's Mass Markets Fiber Business for $5.75 Billion

February 3, 2026

AT&T has completed the $5.75 billion all-cash acquisition of substantially all of Lumen Technologies' Mass Markets fiber business, adding more than 1 million fiber subscribers and expanding AT&T's fiber footprint across 32 states. The deal brings access to over 4 million customer locations and Lumen's fiber construction capabilities, supporting AT&T's goal of reaching more than 60 million fiber locations by 2030 and enabling deeper converged broadband and 5G customer relationships.

Buyers
AT&T
Targets
Lumen Technologies' Mass Markets fiber business
Sellers
Lumen Technologies
Location
Louisiana, United States
Transaction Type
Divestiture

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