AT&T Partners With PRIME FiBER To Expand Fiber Network In Arizona And Florida

Fiber infrastructure company PRIME FiBER tapped AT&T Inc T to provide wholesale fiber access services in the Sun City area of Maricopa County and the City of Peoria, Arizona, the companies announced on Thursday.

PRIME FiBER was established in late 2023 and operates as the wholesale open-access arm of NOVOS FiBER, a retail fiber-to-the-home (FTTH) company serving residents and small businesses. The business is backed by InLight Capital, a private investment firm based in Sugar Land, Texas.

Also Read: T-Mobile Shares Drop Despite Better-Than-Expected Q1 Report: Details

The news follows a public announcement by PRIME FiBER and AT&T in 2024 confirming a similar agreement in Naples, Bonita Springs, Golden Gate, and San Carlos Park, Florida.

PRIME FiBER chief Andrew Snead said their Florida build is progressing well and adding Sun City and Peoria to its footprint marks another milestone in our mission to expand high-quality fiber infrastructure.

AT&T stock is up over 21% year-to-date. Last week, AT&T reported fiscal first-quarter 2025 results. The telecom giant reported quarterly operating revenues of $30.63 billion, up 2.0%. This beat the analyst consensus estimate of $30.35 billion. Adjusted EPS of $0.51 also beat the analyst consensus estimate of $0.49.

AT&T's Consumer Wireline segment had 261 thousand AT&T Fiber net adds.

AT&T reiterated consolidated service revenue growth in the low-single-digit range and adjusted EPS of $1.97-$2.07 versus the $2.04 analyst consensus estimate.

Price Action: T stock is down 0.04% to $27.63 at the last check on Friday.

Read Next:

• Comcast Hit Hard By Subscriber Exodus, Nearly 630,000 Customers Gone In Q1

Photo by Jason Taylor AG via Shutterstock