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 successor of Qwest Communications International and owner of CenturyLink, has reached an agreement to sell its consumer fiber business, called Quantum Fiber, to AT&T for $5.75 billion in cash, the two companies announced Wednesday.

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

After struggling for years, Lumen Technologies' stock skyrocketed in 2024. Here's our price prediction for the shares until 2030.

After the transaction, Dallas-based AT&T will own roughly 95% of Quantum Fiber, an all-fiber residential internet service.

Lumen stock is trading lower Thursday after the company announced the sale of its consumer fiber-to-the-home business.

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.

Lumen Technologies, Inc. pivoted with a $5.75B asset sale to AT&T, debt reduction, better valuation, & AI-driven growth in fiber & cloud. Click for my LUMN update.