AT&T Inc. (T) to Acquire Lumen's Fiber Business in 2026, Targets 60M Locations by 2030

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AT&T Inc. (NYSE:T), a major U.S. telecommunications company, is strengthening its position in fiber and 5G connectivity through strategic investments and expansion efforts. A key move includes its planned acquisition of a large portion of Lumen’s Mass Markets fiber internet business, expected to close in early 2026. This acquisition will significantly boost the company’s fiber infrastructure, supporting its goal to reach 60 million fiber locations by 2030 and reinforcing its strategy to deliver integrated fiber and 5G services.

To support this growth, AT&T Inc. (NYSE:T) is maintaining capital investments of $4.5 to $5 billion in 2025, while projecting about $4 billion in free cash flow. The corporation has also launched a $10 billion stock buyback program through 2026, signaling investor confidence.

AT&T Inc. (NYSE:T) reported strong Q2 2025 results, driven by growth in fiber subscribers and solid mobility performance, underscoring the effectiveness of its current strategy. However, it faces increasing competition from rivals like Verizon and T-Mobile, especially in business services and AI-powered solutions. Additionally, the business discontinued its email-to-text service in June 2025, reflecting ongoing efforts to modernize offerings.

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