AT&T is in talks to acquire Lumen Technologies' consumer fiber operations, in a deal that could value the unit at more than $5.5 billion, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.
https://www.reuters.com/markets/deals/att-talks-buy-lumens-consumer-fiber-unit-bloomberg-news-reports-2025-03-25/
Don't forget the $4 billion termination clause, John. Those are your specialty.
“ Lumens shares down 12% after announcement”
Lumen stock sinks as investors weigh potential AT&T deal impact
According to today's report, AT&T could buy Lumen's consumer fiber business for roughly $5.5 billion. While a sale could generate a significant amount of cash for the debt-laden Lumen, there are good reasons investors investors are having such a negative reaction to the news.
Fiber offerings are a relative standout in Lumen's otherwise struggling consumer business, and selling the unit to AT&T would weaken the broader business significantly. At a $5.5 billion valuation, the market isn't seeing enough return for what Lumen would be giving up.
About time for some more debt. We got a pile of it we can add this to.
How many more heads are needed for this deal?
John Stankey making a new billion dollar deal, what could possibly go wrong?
Lumens shares down 12% after announcement
Still missing the “thr--some” in this discussion. Lumen also has copper facilities they are trying to offload, just like AT&T.
You can bet part of the deal will be Lumen and AT&T copper being packaged together and sold for scrap.
Who will be left holding the bag on the copper facilities and headcount?
Who will take the write off?
Yeah, we don't have the dough for that.
You mean Lumen from the Apple TV Series "Severance"?
Oh the Stink dream! Severed employees.
Nah, the POS Stink would rather have Habib in Bangalore instead!