Welcome to our dedicated page for Lumen Technologies news (Ticker: LUMN), a resource for investors and traders seeking the latest updates and insights on Lumen Technologies stock.
Lumen Technologies Inc (NYSE: LUMN) provides integrated communications and network solutions for global enterprises through its expansive fiber infrastructure and advanced digital platforms. This page serves as your central resource for official company announcements, financial updates, and strategic developments.
Access curated press releases, earnings reports, and news articles covering Lumen’s fiber network expansions, cybersecurity innovations, and enterprise partnerships. Investors will find timely updates on quarterly results, leadership changes, and infrastructure investments, while analysts gain insights into market positioning and technology roadmaps.
Key focus areas include Lumen’s AI-driven threat detection systems, fiber-optic network upgrades, and collaborations supporting cloud-based enterprise solutions. Content is organized to help stakeholders track operational milestones and regulatory filings efficiently.
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Lumen Technologies announced the results of its cash tender offers for various senior notes, including the 5.375% notes due 2025 and 5.250% notes due 2026. As of August 5, 2022, approximately $227.17 million of the 2025 notes and $152.14 million of the 2026 notes were validly tendered. The company plans to purchase all validly tendered Maximum Tender Notes by August 9, 2022. However, the company has not yet received necessary consents for certain notes. The tender offers will expire on August 19, 2022. Lumen operates across 60 countries, providing extensive fiber services.
Lumen Technologies reported a Net Income of $344 million for Q2 2022, a decline from $506 million in Q2 2021. The Diluted EPS decreased to $0.34 from $0.46 year-over-year. The company generated Adjusted EBITDA of $1.811 billion and a Total Revenue of $4.612 billion, both lower than last year's figures. Free Cash Flow fell to $668 million from $1.044 billion. Lumen completed a $2.7 billion divestiture of its Latin American business, with expectations to finalize another divestiture soon. The company reiterated its 2022 financial outlook for Adjusted EBITDA and Free Cash Flow.
Lumen Technologies (NYSE: LUMN) has launched its Quantum Fiber service, offering internet speeds up to 8 gigabits per second to select homes and small businesses in areas including Denver, Minneapolis, and Seattle. This service features symmetrical upload and download speeds, leveraging XGS-PON technology for enhanced performance. Lumen aims to enhance connectivity for users with multiple devices and virtual work environments. The company plans to expand Quantum Fiber's availability to more markets later this year.
Lumen Technologies (NYSE: LUMN) announces that Shaun Andrews, executive vice president and chief marketing officer, will present at the Cowen 8th Annual Communications Infrastructure Summit on August 9 at 6:55 p.m. ET. The presentation will be available via live webcast on the Lumen Investor Relations website. Lumen, with around 450,000 route fiber miles and operations in over 60 countries, aims to advance technology for better living and working experiences.
Lumen Technologies has finalized the sale of its Latin American operations to Stonepeak for $2.7 billion in cash. Cirion, now operating under Stonepeak, will continue to serve customers with a focus on growth in the region. The sale enables Lumen to allocate capital towards strategic growth areas and debt reduction. Facundo Castro, previously Lumen's LATAM Regional President, has been appointed CEO of Cirion, which retains its existing executive team and employees. The partnership includes mutual network arrangements designed to enhance service delivery in Latin America.
Brightspeed has appointed Amy Wulfestieg as Chief Communications Officer, overseeing internal and external communications as the company embarks on a $2 billion fiber optics transformation. This initiative aims to provide advanced broadband services to rural communities across the Midwest, Southeast, and parts of Pennsylvania and New Jersey, reaching up to 3 million homes and businesses within five years. The company, formed from Lumen's assets, expects to finalize its acquisition by Apollo-managed funds in late 2022 after securing necessary regulatory approvals.
Brightspeed has announced its fiber network plans for Wisconsin, aiming to reach over 70,000 potential customers by the end of 2023. The company intends to invest at least $2 billion in fiber optics over the next five years, targeting up to 3 million homes and businesses. The first phase involves 70,000 new fiber passings across 15 counties, followed by an additional 80,000 in subsequent years. The company, comprising assets from Lumen Technologies, expects to finalize its acquisition by Apollo-managed funds soon. Brightspeed's initiative aims to enhance broadband access, especially in rural areas.
Lumen Technologies (NYSE: LUMN) has been awarded an 11-year task order valued at $137 million by U.S. Customs and Border Protection (CBP) to provide mission-critical communications and network services. The contract, part of the General Services Administration's $50 billion Enterprise Infrastructure Solutions (EIS) program, will enhance CBP's operational capabilities at ports, airports, and borders worldwide. Lumen will also assist in CPB's IT modernization through a software-defined wide area network solution.
On July 25, 2022, Lumen Technologies, Inc. (NYSE: LUMN) announced cash tender offers for several series of senior notes totaling up to $1 billion. Level 3 Financing is set to buy outstanding 5.375% and 5.250% notes, while Embarq Florida will acquire 7.125% and 8.375% notes. The offers are linked to a divestiture of Lumen's Latin America business and include consent solicitations to amend certain indenture provisions. The transaction is subject to various conditions, including a minimum acceptance threshold by investors and is set to expire on August 19, 2022.
Brightspeed has announced plans to develop a significant fiber optics network across Missouri, targeting over 130,000 new fiber passings by the end of 2023 and a total of 310,000 locations over several years. The company is investing more than $2 billion in this initiative, aiming to provide high-speed internet to urban and rural areas. Brightspeed's proposed network will leverage state-of-the-art technology, enabling speeds over 1Gbps. The acquisition of assets from Lumen Technologies is pending final approvals, with expectations to finalize by early Q4 2022.
