The rumors were true. Lumen confirmed it is selling its Mass Markets fiber-to-the-home business to AT&T for $5.75 billion in cash.
The Mass Markets sale is expected to close in the first half of 2026. Furthermore, it’s poised to bring “financial freedom” for Lumen, she added, enabling the company to reduce its debt by $4.8 billion and slashing the amount of interest it pays annually by $300 million.
To be fair, that'll help.
Feels like, Queen Kate sold us from respectable jobs to be a joke with her disruption and toxic middle management.
Time to get up and walk out before they put us all out !
I hope she loves the color Orange, instead of snake scales green, because her next out fit comes with bars.
Anyone remember how Lumen was trumpeting on their investment calls their "NPS score" of 65, meaning customers approved and were also recommending Quantum Fiber to others?
Yet when you looked at how many new installs there were per quarter they always under-performed?
It's almost like their 65NPS stat was, like a lot of their internal stats, bogus...
Whats the new name?
The new AT&T name for Quantum is so bad than even someone from 40 years ago could have come up with it. Does not bode well for QF.
“This has been the never ending saga of US West”
The culmination of the Qwest/nachio regIme. However probably the greatest failure in business history was Sol Trujillo selling us wests cell phone division. Been downhill ever since.
@be This has been the never ending saga of US West. All the parts with potential were sold off to service the debt. As far as the union, Quantum was specifically launched and structured to take the union out of the equation. It was the identical offering of QC's (union shop) but launched in QCC (non-union).
“ odds are that if you want to work for AT&T then you will need to apply for The job posting, go through the hiring process, in order to receive a job offer!”
Kind of agree. They could go non union but that will create a lawsuit they may or may not win depending on the state. It remains to be seen if there will be an offer to follow your job to att. When att broke up employees were given the choice to stay with att or “follow their job” to the regional bell. Kept their seniority, didn’t have to apply etc. I doubt att wants the headache of mobilizing thousands of new employees through a hiring process or finding enough scabs to fill all those positions. My uneducated guess is they will offer positions to existing employees and they will be hired under whatever pay/seniority they currently have.
“Unless your a pre divestiture employee, there are no bridging rights”
Completely not true. In the mid 90s I moved from gte on the east coast to us west on the west coast and bridged my time. Along with others as well as techs from pac bell. Unless something changed in agreements the last 30 years
“Unless you’re a pre divestiture employee, there are no bridging rights.“
So Are you the subject matter expert on the current AT&T CWA bargaining agreement?
Unless your a pre divestiture employee, there are no bridging rights.
Enjoy the Death Star.
Win Win in my opinion,
odds are that if you want to work for AT&T then you will need to apply for The job posting, go through the hiring process, in order to receive a job offer! You will then have to terminate your employment with lumen, starting seniority and “vesting” time all over again and then wait for your time to be bridged per the contractual terms! They are only buying the fiber product not the exchanges or the incumbent responsibly!
Again they could make the new company that they are forming in order to purchase Quantum, A non union company
AT&T isn’t buying Lumen. Contract stays with Lumen.
Win Win in my opinion, especially for us bargained for employees. AT&T has much bigger pockets, we have a successor clause in our contract and their technicians make much more than we do!
I'm excited!