AT&T Targets 60 Million Fiber Homes by 2030 After $5.75 Billion Lumen Deal

AT&T Inc. (NYSE:T) is on our list of the 10 best 5G stocks to invest in according to analysts. AT&T Inc. (NYSE:T) unveiled its strategic plan on June 10 at the 2025 Mizuho Technology Conference. The company underlined its recent moves in growing its wireless and fiber networks while simultaneously tackling issues in the marketplace.

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AT&T Inc. (NYSE:T) disclosed that the $5.75 billion Lumen deal would use a portion of the $10 billion it had set aside for financial flexibility over the next three years. Following the acquisition, the company is on course to keep its leverage ratio at 2.5 times net leverage.

Moreover, aiming for a 60 million home fiber footprint by 2030, the Lumen acquisition adds 500,000 fiber users and 4 million passings. The company is also cutting $6 billion in costs by phasing out copper infrastructure and expanding its 5G network, which covers a larger region than its rivals.

Leading telecommunications firm AT&T Inc. (NYSE:T) provides a wide range of wireless communication services and data solutions to a number of customer groups, including corporations, governmental organizations, wholesale customers, and individual consumers.

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