AT&T Announces Acquisition of Lumen’s Fiber Business

An announcement from AT&T ( (T) ) is now available.

On May 21, 2025, AT&T announced a definitive agreement to acquire Lumen Technologies’ Mass Markets fiber business for $5.75 billion. This acquisition, expected to close in the first half of 2026, will allow AT&T to expand its fiber network to approximately 60 million locations by 2030, significantly enhancing its market presence in 11 U.S. states. The deal is anticipated to stimulate investment in U.S. connectivity infrastructure, create jobs, and improve high-speed internet access for millions. AT&T plans to engage an equity partner post-acquisition to co-invest in the business, further supporting its growth strategy.

The most recent analyst rating on (T) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on AT&T stock, see the T Stock Forecast page.

Spark’s Take on T Stock

According to Spark, TipRanks’ AI Analyst, T is a Neutral.

AT&T scores a 69, driven by solid financial performance and technical indicators. Strong cash flow and a healthy dividend yield are key strengths, supported by positive earnings call insights. High leverage and stagnant revenue growth are notable risks, while strategic initiatives in fiber and customer acquisition present opportunities. Corporate events reflect strong shareholder support, enhancing confidence in leadership.

To see Spark’s full report on T stock, click here.

More about AT&T

AT&T Inc. is a major player in the telecommunications industry, providing a wide range of services including fiber internet connectivity. The company is focused on expanding its fiber network across the United States to enhance connectivity and create new job opportunities.

Average Trading Volume: 42,534,696

Technical Sentiment Signal: Buy

Current Market Cap: $201.6B

For a thorough assessment of T stock, go to TipRanks’ Stock Analysis page.