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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continues to identify and combat emerging cyber threats, such as the reemergence of TheMoon malware, which exploits outdated small office/home office (SOHO) routers.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.
Brightspeed is set to install up to 14,000 new fiber connections in Louisiana by the end of 2023, with plans for an additional 14,000 in future phases, totaling 28,000 fiber-enabled locations. The initiative aims to enhance broadband access across several parishes, including Acadia and Calcasieu. Brightspeed, which is associated with Lumen Technologies, anticipates investing $2 billion in its fiber transformation and expects to connect up to 3 million homes and businesses over five years, utilizing advanced technologies for optimal performance.
Lumen Technologies (NYSE: LUMN) is set to report its second quarter 2022 results on August 3, 2022. A live conference call will take place at 5 p.m. ET, which can be accessed on their Investor Relations website. Additional earnings information, presentations, and materials will also be available online. For those unable to join live, an audio replay will be available starting at 8 p.m. ET on August 3 until 8 p.m. ET on November 1, 2022.
Lumen operates a vast network with approximately 500,000 route fiber miles globally.
Brightspeed has secured all necessary state regulatory approvals across 20 states, marking a significant step towards launching its fiber-based internet services. The company plans to invest over $2 billion to enhance connectivity for up to 3 million homes over the next five years, especially in underserved areas. The acquisition of Lumen’s operations is expected to close in early Q4 2022, pending FCC approval. Brightspeed's technology will support internet speeds exceeding 1Gbps, aiming to bridge the digital divide effectively.
Brightspeed announced a major fiber optics network expansion in Ohio, targeting over 170,000 potential customers by the end of 2023. The company plans to invest at least $2 billion to reach up to 3 million homes and businesses over five years, with a total of 380,000 fiber passings expected. The roll-out will occur in multiple counties, enhancing access to high-speed internet. Regulatory approvals for the acquisition of Lumen Technologies by Apollo-managed funds are anticipated in Q3 2022, with transaction closure expected in Q4.
Lumen Technologies (NYSE: LUMN) has uncovered a new remote access trojan (RAT) named ZuoRAT, which has targeted remote workers via SOHO devices for nearly two years. The operation, attributed to a likely nation-state threat actor, exploits vulnerabilities in home routers to collect data and hijack internet traffic. The campaign, active since October 2020, poses significant security risks as routers are often outside traditional security measures. Lumen advises organizations to monitor SOHO devices rigorously and ensure they are updated.
Brightspeed has announced its initial fiber network build in Alabama, aiming to reach over 60,000 potential customers by the end of 2023. This $2 billion investment aims to enhance broadband access across rural and suburban areas, with plans to expand to up to 120,000 fiber passings. Brightspeed, which will acquire Lumen Technologies' assets under Apollo-managed funds, expects to finalize regulatory approvals in Q3 2023. Governor Kay Ivey highlighted the importance of this initiative in improving connectivity for Alabama residents.
Brightspeed has announced a major fiber optics network build in Texas, aiming to reach over 120,000 potential customers by the end of 2023. This initiative is part of a $2 billion investment to enhance internet connectivity in multiple states, with plans to expand to a total of 280,000 fiber passings in Texas. The project is linked to the acquisition of Lumen Technologies' assets by Apollo-managed funds, subject to regulatory approval. The initiative is set to bring faster internet services to various communities, boosting broadband access significantly.
Brightspeed announced plans to construct a fiber optics network in North Carolina, targeting over 300,000 new fiber passings across more than 30 counties by the end of 2023. The initiative is part of a broader $2 billion investment aimed at reaching up to 3 million homes and businesses over five years, including an additional 500,000 fiber passings. The project is linked to the acquisition of Lumen Technologies' assets by Apollo-managed funds, with expectations for regulatory approval in Q3 2022.
Maxine Moreau, president of Mass Markets at Lumen Technologies (NYSE: LUMN), will present at the Wells Fargo Streaming & Connectivity Day on June 13, 2022, starting at 11:45 a.m. ET. A live webcast will be available on the Lumen Investor Relations website. Lumen's extensive network includes approximately 500,000 route fiber miles across over 60 countries, providing advanced technology solutions that enhance business and community experiences. More details can be found on their Investor Relations page.
Lumen Technologies (NYSE: LUMN) will present at the Cowen 50th Annual Technology, Media & Telecom Conference in New York on June 1, 2022. The presentation by Chris Stansbury, executive vice president and CFO, is set for 3:55 p.m. ET. Investors can access the live webcast on the Lumen Investor Relations website.
Lumen operates approximately 500,000 route fiber miles across over 60 countries, providing secure platforms for data and applications to enhance user experiences.
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