AT&T Inc. (NYSE:T) announced an agreement to acquire substantially all of Lumen Technologies’ (NYSE:LUMN) consumer fiber business for $5.75 billion in cash, subject to purchase price adjustments. This aims to expand AT&T’s national fiber footprint,

US telecom giant AT&T has agreed to purchase Lumen Technologies' consumer fibre business for $5.75bn in an all-cash deal. The transaction includes approximately one million fibre subscribers across more than four million fibre locations,

KEY TAKEAWAYS AT&T agreed to buy Lumen Technologies' Mass Markets fiber internet connectivity business for $5.75 billion in cash, sending shares of the Denver-based firm soaring in premarket trading Thursday.