AT&T snaps up Lumen’s consumer fiber business for $5.75B

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Summary

AT&T (NYSE:T) will buy Lumen Technologies’ (NYSE:LUMN) mass markets fiber business for $5.75B, the U.S. telecom said Wednesday. The news comes months after Lumen’s finance chief, Chris Stansbury, publicly said the fiber business was “a great asset,

Source: Seeking Alpha on MSN.com

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