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# AT&T Completes Acquisition of Lumen’s Consumer Fiber Business in $5.75B Deal
- URL: https://broadbandbreakfast.com/at-t-completes-acquisition-of-lumens-consumer-fiber-business-in-5-75b-deal/
- Published: 2026-02-02T22:16:22.000Z
- Updated: 2026-06-01T21:51:33.000Z
- Description: Acquisition lands AT&T with an additional 1 million fiber subscribers and 4 million fiber locations in 8 states
- Author: Eric Urbach
- Tags: Fiber, mergers, AT&T, John Stankey, Lumen, #with-siderail

WASHINGTON, Feb. 2, 2026 – AT&T closed its acquisition of Lumen’s mass market fiber business in a $5.75 billion all-cash deal Monday. 

The deal has expanded AT&T’s fiber offerings in Washington, Oregon, Idaho, Utah, Colorado Nebraska and Iowa, landing AT&T with one million additional fiber subscribers and four million additional fiber locations, according to a press release. 

“This investment will create good-paying jobs, boost U.S. connectivity and bring the benefits of high-speed connections to more communities across the country.”**John Stankey,** chairman and CEOof AT&T said in a statement. 

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At their [Q4 earnings call ](https://broadbandbreakfast.com/at-t-on-track-for-8-million-fiber-locations-this-year-60-million-by-2030/)on Wednesday, Jan. 28, Stankey said the company was increasing its fiber deployment pace. Between Monday’s acquisition and the planned deployment of 4 million additional locations in 2026, the carrier is aiming for 40 million fiber passings by the end of the year, two-thirds of the way to its goal of 60 million passings by the end of 2030.

Stankey also said he expected to find an equity partner to co-invest in the Lumen assets this year.

This acquisition was part of AT&T’s convergence strategy, which involves bundling fixed and mobile broadband in a bid to reduce subscriber churn.. 

This reflects an internal belief that bundling leads to customer loyalty as noted in the press release announcing the purchase. 

“Customers with both AT&T Fiber and the Company’s wireless services are more likely to recommend AT&T, remain customers longer and provide the best returns – giving AT&T a position unlike anyone else in the industry,” according to the press release. 

A [new ad](https://www.youtube.com/watch?v=kJ9BeZBb2Yg&ref=broadbandbreakfast.com) promoting the home and mobile bundled offering has already started running, as AT&T attempts to promote this national strategy. 

Verizon, which recently closed its $20 billion acquisition of Frontier, is also all in on convergence. T-Mobile executives have been more skeptical, but the carrier has entered into multiple fiber joint ventures.

“AT&T also acquired Lumen’s fiber build engine which should help accelerate fiber deployment,” New Street Research analyst **David Barden** wrote in an investor note. “Closing the Lumen transaction only raises the stakes in the convergence conversation.”