UP Fiber, Inc signed a definitive agreement to acquire Wireline Assets of AT&T Inc. (NYSE:T) in a transaction valued at $1.2 billion in May 2024. The consideration is paid in cash. The transaction, valued at $1.2 billion, includes both strategic infrastructure holdings and operational assets critical to regional fiber deployment.
The transaction is subject to receipt of certain regulatory approvals and other customary closing conditions. As of November 20, 2025, FCC approval of the acquisition is expected in the fourth quarter of 2025, with a closing date in early 2026. As of November 21, 2025, the deal requires federal review by the Federal Communications Commission (FCC) is expected in the fourth quarter of 2025 and clearance from the Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act. AT&T submitted its premerger notification filing in May 2024, triggering the standard 30-day waiting period. During this time, both agencies will evaluate the transaction?s competitive impact on regional telecom markets and wholesale transport services.
UP Fiber, Inc completed the acquisition of Wireline Assets of AT&T Inc. (NYSE:T) on April 1, 2026.
AT&T Inc. is one of the leading American telecommunication operators. The activity is organized mainly around two areas:
- mobile telephony;
- fixed telephony and cable services: local and long-distance telephony services. The group also offers broadband Internet access, e-mail, and satellite television.
Net sales break down by source of income between sales of services (80.5%), and sales of equipment (19.5%).
Net sales are distributed geographically as follows: the United States (95.7%), Mexico (3.5%), Europe (0.3%), Asia-Pacific (0.3%), Latin America (0.1%) and other (0.1%).
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Investor
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ESG MSCI
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