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Lumen Technologies, Inc. (NYSE: LUMN) is a leading global telecommunications and technology company dedicated to transforming the way businesses and individuals interact with the digital world. With a workforce of approximately 38,000 professionals, Lumen is at the forefront of the 4th Industrial Revolution, offering flexible, intelligent, secure, and collaborative solutions for the next generation of business.
Lumen's extensive infrastructure includes 450,000 route miles of fiber, making it one of the largest telecommunication carriers in the United States. The company's strategic shift towards enterprise services was marked by its merger with Level 3 in 2017 and the divestiture of much of its ILEC business in 2022. Today, Lumen generates about 75% of its revenue from enterprise services, providing a full spectrum of communications solutions, including colocation and data center services, data transportation, and end-user phone and Internet services.
On the consumer side, Lumen delivers broadband and phone services across 37 states, serving 4.5 million broadband customers. The company is committed to enhancing the digital experience by leveraging its network strength, which spans metro connectivity, long-haul data transport, edge cloud, security, and managed service capabilities.
Lumen is also a recognized leader in cybersecurity. The latest Lumen Quarterly DDoS & Application Threat Report for Q4 2023 highlights a surge in DDoS attacks targeting the government sector. Lumen's advanced threat intelligence, powered by AI and machine learning, has been pivotal in mitigating these threats. The company's Black Lotus Labs threat intelligence team continues to identify and combat emerging cyber threats, such as the reemergence of TheMoon malware, which exploits outdated small office/home office (SOHO) routers.
Financially, Lumen has shown robust performance. The company reported total revenue of $3.290 billion for Q1 2024, alongside substantial improvements in customer satisfaction and significant broadband net additions. After executing a comprehensive debt restructuring plan, Lumen now enjoys a strengthened liquidity position and a streamlined debt maturity profile.
Recent achievements include securing a $73.6 million contract to transform the U.S. Government Accountability Office's (GAO) network infrastructure and launching Lumen Defender, a cutting-edge AI-driven cybersecurity tool designed to proactively block evolving threats at the network edge.
For more information about Lumen Technologies and their ambitious mission, please visit www.lumen.com.
Lumen Technologies (NYSE: LUMN) has released its Q1 2023 DDoS and Application Threat Report, highlighting a significant rise in sophisticated DDoS attacks. The report, which now includes data from ThreatX, reveals that Lumen mitigated over 8,600 DDoS attacks in Q1, a 40% increase year-over-year. Notably, the use of DNS water torture attacks surged by 417%, while a complex multi-vector attack was recorded using six different vectors. The telecommunications sector remains a primary target, accounting for 85% of the largest DDoS attacks. ThreatX blocked 25 billion requests, with bots responsible for over 30% of blocked traffic, underscoring the need for advanced security measures across digital platforms.
Lumen Technologies (NYSE: LUMN) has expanded its Secure Access Service Edge (SASE) product suite through a new partnership with Versa Networks, recognized as the Unified SASE Market Share Leader by Dell'Oro Group. This collaboration allows Lumen to offer enhanced solutions for secure digital transformation, leveraging Versa's advanced software for networking and security.
Additionally, Lumen introduced Rapid Threat Defense, a new capability that blocks malicious traffic before it reaches customer environments. This feature is powered by Black Lotus Labs, Lumen's in-house threat intelligence team, which enhances threat management by utilizing network-level insights.
Lumen Technologies (NYSE: LUMN) has announced the launch of 400G IP transit ports across its Tier 1 internet backbone network in the U.S. and EMEA. This strategic move aims to cater to the increasing demand for high-bandwidth connections from businesses, hyperscalers, and content providers. The company's AS3356 network is recognized as the world's most peered network, experiencing a 38% traffic growth year-over-year in 2021 and 16% in 2022. With this expansion, Lumen enhances its High Speed IP (HSIP) Service offering, simplifying bandwidth management for clients and expanding its availability across multiple major markets, with aggressive plans for further growth through 2024.
Lumen Technologies (NYSE: LUMN) will announce its first quarter 2023 results on May 2, 2023. A live conference call will occur at 5 p.m. ET, streamed on its Investor Relations website. For those unable to join the live call, a replay will be available starting at 8 p.m. ET on the same day until July 31, 2023. Key materials related to the earnings release will also be accessible on the website. Lumen aims to connect people and data through robust network capabilities, enhancing customer growth for current and future needs.
Lumen Technologies, Inc. (NYSE: LUMN) announced early results of its Exchange Offers for senior secured notes. The Issuer aims to issue up to
Lumen Technologies (NYSE: LUMN) has partnered with Talkdesk to expand its cloud-based solutions for contact centers. This integration provides customers with access to Talkdesk's CCaaS offerings, including Talkdesk CX Cloud™ and automation-first solutions. The collaboration aims to enhance customer satisfaction, efficiency, and lower costs by consolidating UCaaS, CCaaS, and networking solutions under a single provider. According to Metrigy, customers using such integrated services report significant increases in customer satisfaction (3x), revenue (17.4%), and employee efficiency (51.1%). This partnership underscores Lumen's expertise in modernizing contact center technologies.
Lumen Technologies (NYSE: LUMN) announced that Maxine Moreau, president of Mass Markets, will present at the New Street Research and BCG Second Annual Fiber to the Future Conference on March 28, 2023, starting at 11:15 a.m. ET. A live webcast of the presentation will be accessible on the Lumen Investor Relations website.
Lumen is focused on connecting people, data, and applications through its robust network and services, supporting both current and future customer needs.
Lumen Technologies (NYSE: LUMN) has initiated offers to issue senior secured notes in exchange for up to $1.1 billion of outstanding senior unsecured notes. The new 10.500% Senior Secured Notes due 2030 aim to reduce Lumen's consolidated indebtedness and strengthen its balance sheet. The exchange offers will expire on April 13, 2023, with an early tender deadline of March 29, 2023. Notably, the new notes will be secured and guaranteed by the Issuer's parent company and various subsidiaries, enhancing their financial stability. This initiative exemplifies Lumen's focus on capital allocation priorities.
Black Lotus Labs of Lumen Technologies (NYSE: LUMN) has identified a new malware campaign, HiatusRAT, targeting business-grade routers since June 2022. The campaign primarily affects DrayTek Vigor models 2960 and 3900, with around 4,100 exposed devices on the internet, and about 100 compromised across Latin America, Europe, and North America. The malware captures and intercepts network data while converting infected devices into traffic proxy bots. Following its discovery, Lumen has taken measures to mitigate the threat, including blocking command and control servers and enhancing their security portfolio.
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