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AT&T on Acquiring Lumen’s Fiber Business for $5.75 Billion
Manage episode 484235614 series 3645668
Brett Feldman from AT&T (T) discusses their decision to buy Lumen’s mass markets fiber business for $5.75 billion. “This is a first-of-its kind transaction,” he says, “we have the skillset to do this” because of their dominant position in the fiber market. He says the deal will be “terrific” for AT&T’s business and shareholders. The deal will add 7 new states to its fiber network and AT&T is aiming for 60 million connections within the next few years. “This is not about cutting costs,” he adds, “it’s about investing.”
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4871 episodes
Manage episode 484235614 series 3645668
Brett Feldman from AT&T (T) discusses their decision to buy Lumen’s mass markets fiber business for $5.75 billion. “This is a first-of-its kind transaction,” he says, “we have the skillset to do this” because of their dominant position in the fiber market. He says the deal will be “terrific” for AT&T’s business and shareholders. The deal will add 7 new states to its fiber network and AT&T is aiming for 60 million connections within the next few years. “This is not about cutting costs,” he adds, “it’s about investing.”
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – https://twitter.com/schwabnetwork
Follow us on Facebook – https://www.facebook.com/schwabnetwork
Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/
About Schwab Network - https://schwabnetwork.com/about
4871 episodes
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