AT&T, Lumen Technologies and Mass Markets fibre
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Lumen Technologies, the Colorado internet giant better known by many as CenturyLink, is selling its residential business to AT&T. AT&T will gain 1 million internet customers from the $5.75 billion acquisition, the company said in a statement. It will expand its reach in metro areas in 11 states, including Denver, according to the statement.
AT&T is taking a new step in its aggressive fiber-and-5G strategy, announcing plans to acquire Lumen’s Mass Markets Fiber Business for $5.75 billion in an
After the transaction, Dallas-based AT&T will own roughly 95% of Quantum Fiber, an all-fiber residential internet service.