From CNET: AT&T is purchasing around 95% of Lumen’s Quantum Fiber service for $5.75 billion, the company announced in a statement on Wednesday.
AT&T Fiber is currently available to 12.77% of US households, while Quantum Fiber reaches 2.26%, according to the most recent FCC data. According to Bloomberg, the sale is expected to close in the first half of next year.
“This deal with Lumen represents a significant investment in US connectivity infrastructure,” said AT&T CEO John Stankey in a statement. “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.”
It’s been a busy few days in the broadband world, with the announcement coming on the heels of Verizon winning FCC approval for its purchase of Frontier’s fiber business and Charter announcing a merger with Cox just last week. Now, AT&T -- already the most far-reaching fiber internet provider in the country -- will add another 1 million customers through Quantum Fiber. Lumen also operates a DSL network through its CenturyLink brand.
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