"The divestiture of our consumer fiber-to-the-home business marks a pivotal moment for Lumen. We are doubling down on where we are strongest and where the opportunity is greatest for us - powering the digital infrastructure that enterprises and public sector organizations need to win in the AI era,"
"We know customers appreciate having both wireless and broadband services delivered by just one provider,"
"We're eager to increase access to our world-class AT&T Fiber and 5G wireless service and the benefits they offer."
"AT&T expects that its ability to offer 5G wireless and fiber broadband connectivity within Lumen's Mass Markets fiber footprint will enable the company to grow its base of high-value converged customer relationships and drive gains in its Mobility business."
AT&T agreed to acquire Lumen’s mass markets fiber business, including Quantum Fiber, for $5.75 billion. The transaction covers about one million existing customers in 11 states and could potentially reach three million more homes where Lumen fiber is available. AT&T expects bundling fiber and 5G wireless to grow high-value converged customer relationships and strengthen its Mobility business. Lumen indicated it will use $4.8 billion of the sale proceeds to retire super-priority debt and will refocus on providing digital infrastructure for enterprise and public sector customers targeting the AI era. The sale completed on February 2.
Read at Telecompetitor
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