1145 ET - KeyBanc analysts say AT&T's acquisition of Lumen Technologies' Mass Markets fiber business will likely have a negative impact on cable companies, including Comcast, Charter and Cable One, given the incremental competition. The move--which AT&T says will accelerate high-speed fiber-internet access for millions of Americans--allows the Dallas company to push a converged bundle offering where its fiber assets are underpenetrated, the analysts wrote. The analysts say the acquisition also appears to be a negative for T-Mobile, which is meaningfully under-scaled in fiber, relative to competitors. That could limit T-Mobile's converged bundle offerings, the analysts say. (roshan.fernandez@wsj.com)

(END) Dow Jones Newswires

May 22, 2025 11:45 ET (15:45 GMT)

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