AT&T to acquire mass markets fiber business of Lumen for $5.7bn.

AT&T, a telecommunications company, agreed to acquire mass markets fiber business of Lumen, a telecommunications company, for $5.7bn. “We’re leading the race to connect more Americans with fiber, the best broadband connectivity technology available. This deal with Lumen represents a significant investment in U.S. connectivity infrastructure that will create jobs and spur economic activity in numerous regions and major metro areas across 11 states. As we advance our fiber build, we’ll serve more communities with world-class connectivity and expect to roughly double where AT&T Fiber is available by the end of 2030,” John Stankey, AT&T Chairman and CEO.