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Stock impact report

Lumen Completes Sale of Consumer Fiber-to-the-Home Business to AT&T

Lumen Technologies, Inc. (LUMN) 
Company Research Source: Business Wire
Transaction Close Marks Strategic Inflection Point; Positions Lumen as a Pure PlayEnterprise-Focused Technology Infrastructure Company on Path to Sustainable Growth DENVER--(BUSINESS WIRE)--Lumen Technologies (NYSE: LUMN) today announced that it has completed the sale of its Mass Markets fiber-to-the-home business in eleven states, including Quantum Fiber, to AT&T (NYSE: T) for $5.75 billion in cash. The sale includes substantially all of the related consumer fiber access network and customer relationships in those states, which serves more than 1 million fiber customers and reaches more than 4 million enabled fiber locations. The completed transaction is another strategic milestone in Lumen’s transformation into the leading enterprise digital networking services company built for the multi-cloud, AI-driven economy.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260201658367/en/Lumen CEO Kate Johnson“The divestiture of ou Show less Read more
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