Executives at AT&T have held discussions about acquiring Lumen Technology’s fiber-based network, Bloomberg reported on Tuesday.
A deal between the two companies would value Lumen’s fiber business at around $5.5 billion, the financial news channel said.
Lumen operated its residential and enterprise fiber business under the CenturyLink brand name until 2020. The deal being discussed between Lumen and AT&T would apply to its consumer fiber broadband operations, Bloomberg said, citing unnamed sources.
Terms have not been finalized, and the discussions may end without a deal in place, one source told the news outlet.
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