AT&T's $5.75B acquisition of Lumen's Mass Markets fiber business accelerates its fiber growth strategy. Click here to find out why T stock is a Strong Buy.

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.

Two of Arizona's largest internet providers are being bought by AT&T as part of a $5.75 billion deal, impacting customers statewide.

Lumen Technologies (LUMN) agrees to sell its consumer fiber-optic internet business to telecommunication giant AT&T (T) in a $5.75 billion cash deal. Lumen CEO Kate Johnson joins Julie Hyman and Brad Smith on Catalysts to talk more about the deal and how it's allowing Lumen to focus more on its enterprise business,

Consumers in Minnesota stand to benefit from a deal announced Wednesday between AT&T and Lumen, a provider of fiber-optic services that operates as CenturyLink and Quantum Fiber in 11 states. AT&T has agreed to acquire the majority of Lumen’s fiber internet business for $5.75 billion.