Consumers in the Phoenix area stand to benefit from a deal announced with AT&T and Lumen, which operates as CenturyLink and Quantum Fiber in 11 states including Arizona. AT&T has agreed to acquire the majority of Lumen’s Mass Markets fiber business for $5.75 billion.
The move is part of AT&T’s larger commitment to invest in local communities and bring much needed high-speed internet connectivity to millions of Americans. AT&T previously announced the availability of its fiber service in the East Valley in October.
“We’re leading the race to connect more Americans with fiber, the best broadband connectivity technology available,” said John Stankey, Chairman and CEO, AT&T. “This deal with Lumen represents a significant investment in U.S. connectivity infrastructure that will create jobs and spur economic activity in numerous regions and major metro areas across 11 states.”
The agreement, which is pending regulatory approval, would also broaden local internet choices for Arizona residents by offering high-speed 5G wireless and fiber broadband services together through one provider. AT&T expects to reach 60 million total fiber internet locations across the country by the end of 2030.
