AT&T is acquiring Lumen's fiber business, while also expanding its nationwide fiber network and competing with Verizon.
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Updated oct 12
The latest in this situation
How it started
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
AT&T is acquiring Lumen's fiber business, while also expanding its nationwide fiber network and competing with Verizon.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.AT&T and GIP announce new fiber joint venture; AT&T earnings beat estimates while Verizon earnings fell.1 source
- Lumen sold its consumer fiber-to-the-home business to AT&T. Financial analysts, including UBS, questioned the company regarding incremental costs, while company executives discussed product performance.Sub-event
- AT&T and Global Infrastructure Partners formed a joint venture on August 29, 2025.Sub-event
AT&T is acquiring Lumen's fiber business and expanding its network.1 source
Lumen sold its consumer fiber-to-the-home business to AT&T.1 source
AT&T acquired Lumen's fiber business, divested DirecTV, and deployed Ericsson's automation platform.1 source
- AT&T partnered with Ericsson following the acquisition of Lumen's fiber business.
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The entities involved
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AT&T
American multinational conglomerate
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Verizon
American broadband and telecommunications company
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Lumen Technologies
technology company
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Global Infrastructure Partners
infrastructure investment fund
Nothing else this week.
Related events
- AT&T is acquiring fiber assets from Lumen Technologies, while Verizon is expanding through acquisitions of Frontier Communications.
- Starlink is challenging major carriers like AT&T and Verizon, while analysts note its potential threat to Apple's business model.
- Verizon formed new wireless ventures with T-Mobile and AT&T while facing increased competitive threat from SpaceX satellite services.
- SpaceX is planning to build a terrestrial mobile network in the United States, potentially utilizing Starlink products.
Coverage
Newest first; wire copies grouped- benefitscanada.com
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