AT&T Expands Fiber Network with $5.75 Billion Acquisition
May 23, 2025 - 18:34
In a significant move to strengthen its fiber offerings, AT&T has acquired Lumen Technologies' mass market fiber business for a staggering $5.75 billion. This acquisition is expected to enhance AT&T's capabilities in delivering high-speed internet services to a broader customer base, particularly in underserved areas. The integration of Lumen’s fiber assets will enable AT&T to expand its footprint and improve service quality, positioning the company as a formidable competitor in the telecommunications sector.
In addition to this major acquisition, Anurag Jain's Access Healthcare has become part of a new $6 billion portfolio managed by New Mountain Capital, signaling a growing interest in healthcare services. Meanwhile, Socorro Tequila has partnered with American Airlines, marking a notable collaboration that aims to elevate the travel experience for passengers. These developments reflect a dynamic landscape in both the telecommunications and beverage industries, with companies seeking strategic partnerships and acquisitions to drive growth and innovation.
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