AT&T’s Fiber Frenzy: A $5.75 Billion Bet on the Future

AT&T Inc has made a bold move in the US broadband market, acquiring 95% of Lumen’s Quantum Fiber business in a deal worth $5.75 billion. This strategic acquisition is a clear indication of AT&T’s commitment to expanding its fiber footprint in the US, and it’s a move that will have significant implications for the industry.

The acquisition is expected to add roughly 1 million fiber subscribers and over 4 million fiber-capable locations across 11 states, cementing AT&T’s position as a major player in the US broadband market. But what’s behind this move? AT&T’s plan to reach 60 million total fiber locations by 2030 is ambitious, to say the least. And with this acquisition, the company is clearly accelerating its efforts to achieve this goal.

But what does it mean for consumers? In short, it means more competition in the market, which can only be a good thing. With AT&T’s expanded fiber footprint, consumers will have more options when it comes to choosing their internet service provider. And with the company’s commitment to investing in its network, consumers can expect faster speeds and more reliable connections.

Here are the key details of the acquisition:

• 95% stake in Lumen’s Quantum Fiber business acquired by AT&T
• $5.75 billion deal expected to close in the first half of 2026
• Addition of 1 million fiber subscribers and over 4 million fiber-capable locations across 11 states
• Acceleration of AT&T’s plan to reach 60 million total fiber locations by 2030

The acquisition is a clear indication of AT&T’s commitment to investing in its network and expanding its reach in the US broadband market. And with the company’s ambitious plans for growth, it’s clear that this is just the beginning of a new era for AT&T.