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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continues to identify and combat emerging cyber threats, such as the reemergence of TheMoon malware, which exploits outdated small office/home office (SOHO) routers.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 signed an agreement to sell its Latin American business to Stonepeak for $2.7 billion. This sale, valued at approximately 9X the business' 2020 Estimated Adjusted EBITDA, allows Lumen to focus investments in key growth areas and provides flexibility for capital allocation. The current leadership team will remain in place under Stonepeak, which aims to enhance the business's market presence. Lumen will maintain a strategic relationship with the new company to serve existing customers in Latin America.
Lumen Technologies (NYSE: LUMN) has announced a significant expansion of its fiber network in Europe, enhancing service capabilities in France, Switzerland, and Spain. Key developments include a new 180-mile fiber route connecting Lyon and Geneva, with connections to three new cities. In Spain, a 170-mile segment was added to complete the national fiber ring. This expansion aims to provide faster connections, lower latency, and improved security, supporting the demand for high-speed broadband. The Lumen network now includes approximately 23,600 route miles in Europe, accessed by over 2,000 on-net buildings.
Lumen Technologies (NYSE: LUMN) has secured a significant 12-year task order valued at $52 million to enhance high-speed connectivity for the U.S. Army Recruiting Command. This contract, awarded under the General Services Administration's $50 billion Enterprise Infrastructure Solutions program, includes an initial one-year term with 11 additional one-year options. The high-speed internet and VoIP solutions will facilitate recruitment efforts across the U.S. and territories, supporting the Army's mission to attract qualified individuals.
T-Mobile (NASDAQ: TMUS) and Lumen Technologies (NYSE: LUMN) have enhanced their partnership to provide government agencies with a fixed wireless access service utilizing T-Mobile's 5G network and Lumen's edge computing platform. This service is now included in Lumen's offerings under the GSA's $50 billion Enterprise Infrastructure Solutions (EIS) program, aimed at meeting the critical needs of government agencies. Officials emphasized the need for scalable and secure networks for various applications, including emergency response and data access.
Lumen Technologies has announced a strategic relationship with Microsoft to enhance enterprise application delivery by integrating Microsoft Azure capabilities onto the Lumen platform. This collaboration aims to provide mutual customers with low-latency and secure application delivery using Lumen's global Edge Computing services. Key initiatives include certified Azure deployment in Lumen Edge Computing nodes, solutions for Private 5G networks, and managed services for Microsoft software. Lumen will leverage Azure for its internal transformation and has been named a preferred partner for Azure services globally.
Lumen Technologies (NYSE: LUMN) will announce its second quarter 2021 results on Aug. 4, 2021, with a live conference call scheduled for 5 p.m. ET. Investors can access the call on Lumen's Investor Relations website or via phone. An audio replay will be available from 7 p.m. ET on Aug. 4 until Nov. 2, 2021. The company emphasizes its extensive global reach, operating approximately 450,000 route fiber miles across 60 countries, aimed at advancing technology to enhance business and community experiences.
Lumen Technologies (NYSE: LUMN) has been awarded Frost & Sullivan's 2021 Enabling Platform Leadership Award for its Next Generation 911 platform, marking it as the first recipient in the NG911 market. The platform enhances 911 call delivery, allowing improved data integration for public safety applications, ultimately benefiting first responders and communities. Lumen's architecture meets national i3 standards and is designed to evolve with future technologies, strengthening emergency response capabilities across various jurisdictions.
Lumen Technologies highlights the significance of Edge Computing in healthcare, emphasizing its role in reducing latency and enhancing patient care. A survey reveals that 46% of healthcare IT leaders require ultra-low latency (5 milliseconds) for effective operations. The benefits include quicker decision-making, improved emergency response, and efficient data access. As nearly half of healthcare organizations plan to invest in Edge Computing within a year, the technology promises to transform patient experiences through faster data processing and real-time access to critical information.
Lumen Technologies has launched Lumen Solutions for Microsoft Teams, a managed communications solution aimed at enhancing remote collaboration for organizations. This offering addresses the growing demand for agile work environments, allowing employees to work seamlessly from anywhere.
By integrating Microsoft Teams' capabilities with Lumen's secure network, businesses can improve productivity and customer support. The solution also provides advanced analytics, giving organizations essential insights for decision-making.
Black Lotus Labs, the threat intelligence division of Lumen Technologies (NYSE: LUMN), released a report on a suspected Pakistani threat actor compromising targets in South Asia, including an Indian power company. This actor is utilizing a custom remote access trojan (RAT) named ReverseRat alongside an open-source RAT, Allakore. The report highlights the actor's advanced evasion techniques and critical target selection. Black Lotus Labs has taken measures to null-route the actor's infrastructure and advises organizations to be proactive in defense strategies against such threats.
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