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  • From the article ...

    If those calculations are true, AT&T could eventually own a "kingdom" stretching across almost 55 million US homes, including those from Lumen and AT&T's Gigapower joint venture. That's far more than Verizon's 35 million to 40 million fiber homes and T-Mobile's 12 million to 15 million fiber locations.

    ... and ...

    But there are plenty of caveats and questions hanging on this convergence argument. The first is the most obvious: AT&T hasn't yet acquired Lumen. It hasn't even made a formal offer.

    Indeed, the financial analysts at New Street Research noted that T-Mobile, Verizon and BCE (the Canadian company working to purchase Ziply Fiber) could all make competing bids for Lumen if AT&T's $5.5 billion offer is viewed as too low.