From Yahoo Finance: 2025-03-25 14:30:00

AT&T is in talks to acquire Lumen Technologies’ consumer fiber operations in a deal worth over $5.5 billion, causing Lumen’s shares to drop over 14%. The terms are not final and talks could collapse. Lumen is focusing on AI growth while selling its fiber business with over 1,700 wire centers. AT&T aims to boost subscriber and revenue growth with high-speed fiber internet investments.



Read more at Yahoo Finance: AT&T in talks to buy Lumen’s consumer fiber unit, Bloomberg News reports