According to a new report AT&T is in exclusive talks to acquire Lumen Technologies’ consumer fiber business, a deal that could be worth over $5.5 billion.
For those who regularly handle large downloads and uploads, fiber is the way to go – and AT&T is well aware of that. Recently, the company tested a cutting-edge technology capable of delivering speeds four times faster than its current top offering. Now, it looks like AT&T is doubling down on its fiber expansion.
According to a new report (subscription required) AT&T is in exclusive talks to acquire Lumen Technologies’ consumer fiber business, a deal that could be worth over $5.5 billion. However, since nothing is set in stone, the terms could still change, or the negotiations might fall through entirely.
