AT&T announced Wednesday that it has reached an agreement to acquire Lumen’s Mass Markets fiber business for $5.75 billion. That business includes about 1 million fiber subscribers and over 4 million fiber locations, with plans to transition those subscribers to become AT&T Fiber Internet customers.
“We’re leading the race to connect more Americans with fiber, the best broadband connectivity technology available,” said John Stankey, Chairman and CEO, AT&T. “This deal with Lumen represents a significant investment in U.S. connectivity infrastructure that will create jobs and spur economic activity in numerous regions and major metro areas across 11 states. As we advance our fiber build, we’ll serve more communities with world-class connectivity and expect to roughly double where AT&T Fiber is available by the end of 2030.”
The acquisition will allow AT&T Fiber’s footprint to expand to major metro areas including Denver, Las Vegas, Minneapolis-St. Paul, Orlando, Phoenix, Portland, Salt Lake City, and Seattle. With the expansion, AT&T now expects to reach approximately 60 million total fiber locations by the end of 2030, which will roughly double the current number of locations where AT&T Fiber is available today.
The transaction is expected to close in the first half of 2026, subject to regulatory approval by the DOJ and other closing conditions.