AT&T closes acquisition of Lumen’s fibre business
February 3, 2026
AT&T has closed its previously announced transaction to acquire substantially all of Lumen’s Mass Markets fibre business for $5.75 billion (€4.87bn) in an all-cash transaction, subject to customary adjustments.
“America’s largest network is the best positioned in our industry to serve even more consumers – both in the home and on the go,” said John Stankey, Chairman and CEO of AT&T. “AT&T Fiber – America’s best and top-rated technology for getting on the internet – will be available to millions more people as we expand the service in 32 states. This investment will create good-paying jobs, boost US connectivity and bring the benefits of high-speed connections to more communities across the country.”
Deal highlights include:
- Adding more than 1 million fibre subscribers to AT&T’s total customer count, with the opportunity to significantly grow the number of AT&T Fiber customers over time. AT&T expects to increase current fibre penetration of roughly 25 per cent within the acquired footprint to levels more consistent with its AT&T Fiber penetration.
- Increasing the scale of AT&T’s fibre network as the company acquires more than 4 million customer locations across 11 states. AT&T also gains access to Lumen’s substantial fibre construction capabilities in these states, accelerating an efficient build engine for constructing fibre home internet connectivity outside of AT&T’s traditional wireline operating region. As a result, AT&T expects to accelerate the pace at which fibre is being built in these territories, supporting the company’s plans to reach more than 60 million total fibre locations by the end of 2030.
- Giving more American consumers more choice to purchase fiberreand 5G services the way they prefer – from one provider. AT&T expects that its ability to offer fibre broadband and 5G wireless connectivity together will enable it to grow its base of high-value converged customer relationships within the acquired footprint.