AT&T is in talks to acquire Lumen Technologies' consumer fiber operations. As reported by Bloomberg, the two companies are in exclusive discussions that could value the unit at more than $5.5 billion.

Lumen (NYSE: LUMN) stock got hit hard in Tuesday's trading. Its share price was down 10% just before market close on news that the company could wind up selling one of its units to AT&T.

(Reuters) -AT&T is in talks to acquire Lumen Technologies' consumer fiber operations, in a deal that could value the unit at more than $5.5 billion, Bloomberg News reported on Tuesday, citing ...

March 25 (Reuters) - AT&T (T.N), opens new tab is in talks to acquire Lumen Technologies' (LUMN.N), opens new tab consumer fiber operations, in a deal that could value the unit at more than $5.5 ...

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