AT&T agrees to acquire Lumen's mass markets fiber business for $5.75B cash

AT&T INC.

Deal value $5.75B cash, acquiring ~1M fiber customers and >4M fiber locations across 11 states.
Expected close in first half 2026, subject to regulatory approvals and conditions.
AT&T plans to extend fiber network to ~60M total locations by end of 2030.
AT&T reiterates full-year 2025 guidance and share repurchase plans.
NetworkCo (AT&T subsidiary) acquiring Lumen subsidiaries post-restructuring.

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