Lumen Technologies Stock Soars 13.12% on Fiber Business Sale to AT&T

Lumen Technologies' stock surged 13.12% in pre-market trading on May 22, 2025, marking a significant rise in investor interest.

Lumen Technologies' stock experienced a notable surge following the announcement of the sale of its fiber-to-the-home business, including Quantum Fiber, to AT&T for $5.75 billion in cash. This strategic move is expected to provide Lumen with a substantial cash infusion, which could be used to reduce debt and invest in other growth opportunities. The sale of the fiber business is seen as a positive development for Lumen, as it allows the company to focus on its core competencies and potentially explore new avenues for growth.

The decision to sell the fiber business comes as part of Lumen's broader strategy to streamline its operations and enhance shareholder value. By divesting non-core assets, Lumen aims to create a more focused and efficient organization, better positioned to compete in the rapidly evolving telecommunications landscape. The sale to AT&T, a well-established player in the industry, is expected to ensure a smooth transition for customers and employees, minimizing disruptions and maintaining service quality.