03:10 PM EDT, 05/22/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

AT&T ( T ) has announced that it will buy substantially all of Lumen's (LUMN) Mass Market fiber business for $5.75 billion in cash. The deal will include about 1 million fiber subscribers across more than 4 million fiber locations. The deal, subject to customary closing conditions and regulatory approval, is expected to close in the first half of 2026. The transaction will allow AT&T ( T ) to expand in areas including Denver, Las Vegas, Minneapolis-St. Paul, Phoenix, Salt Lake City, and Seattle, among others. We view this deal as a net positive for AT&T ( T ), given its adds to its existing customer base and will enable the company to reach 60 million total fiber locations by the end of 2030, roughly double the number of locations it is currently available in.