AT&T says its acquisition of Lumen, previously known as CenturyLink, will allow it to “significantly expand” its fiber internet service across major cities, like Denver, Las Vegas, Orlando, and others.

US telecom giant AT&T has agreed to purchase Lumen Technologies' consumer fibre business for $5.75bn in an all-cash deal. The transaction includes approximately one million fibre subscribers across more than four million fibre locations,

IOWA, USA — In a move AT&T says is part of its commitment to invest in local communities with high-speed internet connectivity, the company announced on Wednesday it has reached an agreement to purchase most of Lumen Technologies' fiber internet business.