Time to Buy AT&T ($T) and Sell $LUMN ?
@JC888:
On Wed, 26 Mar 2025 when US market was crashing across the board, $AT&T Inc(T)$ rose (+1.24%) instead. What happened ? Apparently, rumour has it that AT&T is in talks to acquire $Lumen Technologies(LUMN)$ consumer fiber-optic network business (only) for $5.5 billion. YTD (in 2025), AT&T stock has advanced +21.11%, as of 26 Mar 2024. (see above) This comes about as the Telco giant focuses on its "convergence" push — selling landline broadband and wireless services in product bundles. According to Bernstein Research, Analyst, Laurent Yoon: AT&T would be acquiring LUMN’s fiber optic network assets at a good price. The acquisition could be a beneficial opportunity for AT&T, aligning with its