Will AT&T's Fiber Assets Buyout From Lumen Drive Its Future Growth?
AT&T has completed a $5.75 billion acquisition of Lumen Technologies' mass-market fiber business, adding over one million fiber subscribers and four million fiber-enabled locations across 32 U.S. states. This acquisition is expected to significantly boost AT&T's fiber broadband expansion, contributing to its goal of reaching over 60 million fiber locations by 2030 and enhancing its competitive position against rivals like Verizon and T-Mobile. The deal strengthens AT&T's ability to offer integrated broadband and 5G services, supported by favorable market trends and government initiatives for high-speed internet.
https://www.tradingview.com/news/zacks:8b171bac6094b:0-will-at-t-s-fiber-assets-buyout-from-lumen-drive-its-future-growth/