M&A - Lumen Technologies, Inc.

Form Type: 8-K

Filing Date: 2025-05-21

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525124002

Filing Summary: On May 21, 2025, Lumen Technologies, Inc. entered into a definitive Purchase Agreement with Forged Fiber 37, LLC, an indirect subsidiary of AT&T Inc., governing the acquisition of all issued and outstanding equity interests of five newly formed subsidiaries holding Lumen’s Mass Markets fiber-to-the-home business across multiple states. The transaction is valued at $5.75 billion, subject to customary adjustments. The transaction is expected to close in the first half of 2026, conditioned upon regulatory approvals and satisfaction of certain covenants. The Agreement includes indemnification provisions and customary representations and warranties. A press release detailing the Agreement was also issued on the same day.