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AT&T (T) agreed to buy Lumen Technologies' (LUMN) Mass Markets fiber internet connectivity business for $5.75 billion in cash, sending shares of the Denver-based firm soaring in premarket trading Thursday.
AT&T Chairman and CEO John Stankey joins 'Closing Bell Overtime' to talk its recent announcement of acquiring Lumen's fiber business.
AT&T will buy substantially all of Lumen's mass markets fiber business for $5.75 billion in a move it says will accelerate high-speed fiber internet access for millions of Americans.
AT&T has clinched a deal to acquire Lumen Technologies' consumer fiber operations for $5.75 billion in cash, the companies said on Wednesday, as the wireless provider adds further scale to its national fiber footprint.
DENVER--(BUSINESS WIRE)--Lumen Technologies, Inc. (NYSE: LUMN) today announced it has entered into a definitive agreement to sell Lumen's Mass Markets fiber-to-the-home business, including Quantum Fiber, in eleven states to AT&T (NYSE: T) for a total of $5.75 billion in cash, subject to working capital and other various purchase price adjustments. The transaction marks another important, bold step in Lumen's transformation into the leading enterprise digital networking company. “We are shar.
AT&T agrees to acquire substantially all of Lumen's Mass Markets fiber internet connectivity business in a deal that's expected to close in the first half of 2026 Transaction to stimulate investment, expand world-class connectivity in the U.S., create new jobs and make high-speed fiber internet access available to millions of Americans AT&T will extend its industry-leading fiber network with plans to reach approximately 60 million total fiber locations by year-end 20301 DALLAS , May 21, 2025 /PRNewswire/ -- Key Takeaways: AT&T will acquire substantially all of Lumen's Mass Markets fiber business, which today totals about 1 million fiber customers and reaches more than 4 million fiber locations across 11 U.S. states. AT&T reiterates full-year 2025 financial and operational guidance and share repurchase plans.
TMUS is benefiting from solid demand for its postpaid services, while T is steadily expanding its network infrastructure to boost services and gain momentum.
DALLAS , May 19, 2025 /PRNewswire/ -- AT&T Inc. ("AT&T") has learned that TRC Capital Investment Corporation ("TRC") has made an unsolicited "mini-tender" offer, dated May 5, 2025. TRC has offered to purchase up to 4 million shares of AT&T common stock at $26.38 per share.
BofA Securities analyst Jessica Reif Ehrlich maintained a Buy rating on Charter Communications, Inc. CHTR last Friday, with a price target of $450.
Barron's interviewed eleven financial industry Roundtable-pros who tapped 65 predictions. Six non-ADR foreign-stocks and four mutual funds were dropped by YCharts screens of active US listings, leaving 55. AT&T stands out as the only 'safer' ideal dividend dog, with its price well below annual dividends from a $1,000 investment. Top ten yield picks project average 28.12% total return by May 2026, with risk/volatility 12% below the market average.