AT&T says its acquisition of Lumen, previously known as CenturyLink, will allow it to “significantly expand” its fiber internet service across major cities, like Denver, Las Vegas, Orlando, and others.

AT&T has reached a $5.75 billion deal with a Louisiana-based company to expand its fiber network in several cities, including Denver, Las Vegas and Seattle. Why it matters: AT&T says the acquisition will accelerate its fiber internet expansion.

IOWA, USA — In a move AT&T says is part of its commitment to invest in local communities with high-speed internet connectivity, the company announced on Wednesday it has reached an agreement to purchase most of Lumen Technologies' fiber internet business.