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Stock impact report

AT&T Reshapes Fiber Business With Lumen Deal And Open Access Push [Yahoo! Finance]

T-Mobile US, Inc. (TMUS) 
Last t-mobile us, inc. earnings: 2/6 04:01 pm Check Earnings Report
US:NYSE Investor Relations: investor.t-mobile.com
Company Research Source: Yahoo! Finance
AT&T (NYSE:T) has agreed to acquire Lumen's fiber business, adding several million new fiber locations to its network. The company plans to place the acquired assets into a new fiber subsidiary and pursue a commercial open access platform. AT&T expects to sell a partial stake in the new unit to help manage debt levels while expanding its broadband footprint. AT&T, trading at $26.21, is moving beyond routine quarterly updates with this fiber deal, which reshapes how its broadband network is structured and offered. The stock has returned 11.1% over the past week and 15.3% over the past year, while longer-term figures such as a 56.0% return over three years and 61.9% over five years provide additional context on how NYSE:T has behaved over different holding periods. For investors, the combination of a larger fiber footprint and a commercial open access platform could influence how AT&T pairs fiber with its wireless offerings. The plan to sell a stake in the new subsidiary, while Show less Read more
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