From Yahoo Finance: 2025-05-22 15:53:00

AT&T CEO John Stankey remains tight-lipped on potentially dialing back diversity, equity, and inclusion initiatives to secure approval for a $5.75 billion fiber deal with Lumen Technologies. The deal aims to boost AT&T’s fiber business and create US jobs. Stankey emphasizes maintaining a culture of meritocracy and opportunity for all employees. Stock reactions varied, with Lumen up and AT&T slightly down.

The deal between AT&T and Lumen Technologies will expand AT&T’s fiber footprint and offer bundled packages to consumers. Analysts view the acquisition positively, expecting it to drive growth in the long term. The transaction aligns with the Trump administration’s focus on infrastructure investment and job creation, potentially benefiting the US economy. Lumen’s customer base and revenue projections make the deal strategically appealing.

Telecom players like Verizon and T-Mobile have faced scrutiny over DEI initiatives in recent acquisitions. Verizon acquired Frontier for $20 billion with concessions on HR roles and DEI language. T-Mobile made similar concessions for a joint venture with Lumos. AT&T’s deal with Lumen aligns with these industry trends, balancing business growth with regulatory requirements. The industry faces challenges in navigating political and regulatory landscapes while pursuing expansion opportunities.



Read more at Yahoo Finance: ‘We don’t have to roll back anything’