Lumen Technologies, the Colorado internet giant better known by many as CenturyLink, is selling its residential business to AT&T. AT&T will gain 1 million internet customers from the $5.75 billion acquisition, the company said in a statement. It will expand its reach in metro areas in 11 states, including Denver, according to the statement.

Company said deal allows it to concentrate on AI, where it has clients that include Microsoft, Amazon Web Services and Google.

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.