AT&T Inc. × Lumen Technologies, Inc.
AT&T announced an agreement on May 21, 2025, to acquire Lumen's consumer fiber business for $5.75 billion in an all-cash transaction. [48, 55, 68] The deal includes approximately 1 million fiber subscribers and over 4 million fiber-passed locations across 11 states. [53, 54] The acquisition, which closed in February 2026, allows Lumen to focus on its enterprise business while significantly expanding AT&T's fiber footprint and customer base. [50, 53]
The asset
Substantially all of Lumen's Mass Markets fiber business, including approximately 1 million fiber customers and network assets reaching over 4 million locations. [48, 55, 58]
- 1M fiber subscribers
The record
- Seller status
- Going concern
- Sector
- telecommunications
- Modalities
- customer PII, customer accounts, fiber network assets
- Jurisdiction
- US
What it means if you hold data
This acquisition highlights the intense competition and high value placed on fiber-to-the-home assets and their associated subscriber bases. For AT&T, it represents a major push to expand its high-value fiber network and converged customer relationships outside its traditional operating regions.