M&A - AT&T INC.

Form Type: 8-K

Filing Date: 2025-05-21

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525123971

Filing Summary: On May 21, 2025, AT&T Inc. announced a definitive Purchase Agreement for the acquisition of equity interests in five wholly owned subsidiaries from Lumen Technologies, Inc. The deal is valued at $5.75 billion, subject to adjustments, and is expected to close in the first half of 2026, contingent upon various customary conditions, including regulatory approvals. The transaction will provide AT&T ownership of Lumen's fiber-to-the-premises network assets across several states, enhancing its operational capabilities. The Agreement includes standard representations, indemnifications, and covenants to protect both parties' interests. AT&T also issued a press release regarding this acquisition on the same day, further formalizing their commitment to expanding their network assets.