AT&T has agreed to acquire substantially all of Lumen’s Mass Markets fiber internet connectivity business in an all-cash $5.75 billion transaction.
When the deal closes in first half 2026, it will expand investment in critical U.S. connectivity infrastructure and accelerate high-speed fiber internet access across America.
The transaction will enable AT&T to significantly expand access to AT&T Fiber in major metro areas including Denver; Las Vegas; Minneapolis; Orlando; Phoenix; Portland, Ore.; Salt Lake City; and Seattle.
The Lumen Mass Markets fiber assets included in the deal total about 1 million fiber subscribers across more than 4 million fiber locations. Over time, these subscribers will transition to be AT&T Fiber customers. AT&T has plans to reach approximately 60 million total fiber locations by the end of 2030 — roughly doubling AT&T Fiber’s current reach.
“We’re leading the race to connect more Americans with f
