This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Lumen Sells Broadband Business to AT&T for $5.75bn
February 9, 2026
Lumen Technologies has completed the sale of its mass-market fiber-to-home business to AT&T in a transaction valued at $5.75bn. The deal transfers about 95% of Quantum Fiber, roughly 4mn fiber locations, and around 1mn subscribers to AT&T, expanding its footprint into major metros such as Denver, Seattle, and Salt Lake City. Lumen retains enterprise fiber infrastructure and copper-based consumer customers. The sale marks a strategic shift for Lumen, which is exiting most consumer operations to focus on enterprise and public-sector networking. Lumen will use about $4.8bn of the proceeds to retire all its super-priority debt, reducing the company’s interest expense by $300mn annually. As a result, S&P raised ratings of Lumen’s senior unsecured debt to B from CCC.
For AT&T, the acquisition is expected to strengthen its fiber growth strategy and customer base, supporting revenue gains driven by fiber and 5G subscriptions. Meanwhile, Lumen aims to transform from a legacy telecom operator into a provider of advanced digital infrastructure and enterprise connectivity services.
Lumen’s bonds were up by 0.5 -1.5 points across the curve. For instance its 6.875% 2028s was up by 0.8 points to 101.5, yielding 6.04%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.