By rssfeeds-admin For $5.75 billion, the telecommunications company acquired most of Lumen’s fiber internet business. Lumen operates CenturyLink and Quantum Fiber in 11 states and serves more than 1 million customers.
The agreement will need regulatory approval, but once it does, Lumen customers will slowly be transferred over to AT&T operations.
“We’re leading the race to connect more Americans with fiber, the best broadband connectivity technology available,” AT&T CEO John Stankey said. “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.”
Stankey said AT&T hopes to double its availability by the end of 2030.
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