Consumers in Minnesota stand to benefit from a deal announced Wednesday between AT&T and Lumen, a provider of fiber-optic services that operates as CenturyLink and Quantum Fiber in 11 states. AT&T has agreed to acquire the majority of Lumen’s fiber internet business for $5.75 billion.
Monroe, La.-based Lumen is a strategic purchase for AT&T as it competes with the likes of Philadelphia-based Comcast, which operates as Xfinity.
The deal is expected to close in the first half of 2026.
AT&T already offers AT&T Fiber service but the Lumen acquisition would significantly expand its footprint. It expects to reach about 60 million total fiber internet locations across the country by the end of 2030.
In Minnesota, the Lumen deal puts AT&T Fiber on the map, said spokesman Mark Giga. ” As far as our footprint goes, we’ll go from essentially not having one (in Minnesota) to having Lumen’s.”
AT&T’s fiber service is expected to be largely consumer-focused with multi-gigabit residential speeds that are symmetrical (with uploads and downloads that are roughly equal), a feat Xfinity has yet match in most of its territory.
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