Lumen completes $5.72B sale of Mass Markets fiber business to AT&T

Lumen Technologies completed the divestiture of its Mass Markets fiber-to-the-home business across 11 states to AT&T subsidiary Forged Fiber 37, LLC on February 2, 2026, for $5.75 billion in cash consideration. The asset sale reflects Lumen's strategic portfolio optimization and reduces the company's operational footprint while generating significant proceeds for debt reduction or other capital allocation priorities.