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AT&T to acquire Lumen's consumer fiber business

Mar 26, 20259 months ago

Acquiring Company

AT&T

Acquired Company

Lumen Technologies

MonroeTelecommunicationsTelecommunicationsSecurityInformation Technology

Description

AT&T is in talks to acquire Lumen Technologies' consumer fiber business, valued at over $5.5 billion. This move aligns with AT&T's strategy to enhance its high-speed fiber internet offerings. Lumen's fiber business has been a focus area as the company shifts its strategy towards artificial intelligence services for enterprise clients. The negotiations are in early stages and may not lead to a finalized deal.

Company Information

Company

AT&T

Location

208 South Akard Street

About

AT&T Inc. is a prominent American multinational telecommunications company, founded in 1875 by Alexander Graham Bell. Headquartered in Dallas, Texas, it ranks as the third largest telecommunications company globally by revenue, generating approximately $122.4 billion in 2023. The company has evolved significantly from its origins as the Bell Telephone Company, navigating through various mergers and reorganizations to become a key player in the telecommunications industry. AT&T provides a wide range of services, including wireless communications, high-speed internet access, traditional and VoIP telephone services, and enterprise solutions such as cybersecurity and cloud services. The company caters to a diverse customer base, including individual consumers, small and medium businesses, and large enterprises and government entities. With a rich history and a commitment to innovation, AT&T continues to shape the telecommunications landscape in the United States and beyond.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed