On Monday, AT&T Inc. (NYSE:T) reaffirmed its guidance ahead of its Morgan Stanley Technology, Media & Telecom Conference.

Lumen Acquisition

The company closed its acquisition of Lumen’s Mass Markets fiber business, a move that was finalized ahead of schedule on February 2.

This strategic acquisition is set to enhance AT&T’s fiber and fixed wireless internet services, allowing the company to offer more comprehensive connectivity solutions across the U.S.

The acquisition added over 1 million fiber subscribers and expanded AT&T’s reach to more than 4 million fiber locations.

This significant expansion positions AT&T to increase its fiber penetration from about 25% to levels more consistent with its existing network.

The company anticipates reaching over 40 million fiber locations by the end of 2026, up from 36 million ...