AT&T's Billion-Dollar Acquisition to Counter Customer Churn

AT&T has struggled with high customer churn amid increased competition in the wireless industry. To address this issue, the company has completed a $5.75 billion acquisition of Lumen's Mass Markets fiber business, adding 1 million fiber subscribers and expanding its fiber internet service to 32 states. This move aims to attract back customers by bundling phone and internet services, creating jobs, and boosting connectivity in the US.