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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continues to identify and combat emerging cyber threats, such as the reemergence of TheMoon malware, which exploits outdated small office/home office (SOHO) routers.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 (LUMN) has been approved as a technology provider for the Georgia Technology Authority (GTA) Direct and California Network and Telecommunications (CALNET) programs. This allows state and local agencies, as well as educational institutions in Georgia and California, to access Lumen's technology services via state contracts. The GTA Direct program offers managed IT services to over 1,200 entities, while CALNET enhances telecommunications for governmental and educational bodies. Lumen's extensive infrastructure includes over 165,000 connections and 15,000 fiber route miles in these states.
Lumen Technologies (NYSE: LUMN) and Intel Corporation have released a global survey indicating a significant shift towards edge computing among businesses. Approximately two-thirds of IT leaders are implementing edge solutions to address latency issues. Ninety percent of respondents require low latency of 10ms or less for successful applications, with 75% seeking 5ms or less. The preference for a flexible managed service model reflects a growing trend in consumption-based business strategies. This strategic investment is seen as crucial for enhancing operational efficiencies and improving customer experience.
Lumen (NYSE: LUMN) has been selected by the State of Nebraska to implement a next-generation 911 (NG911) platform. This system will enhance emergency call services, allowing residents to submit texts, images, and videos to 911 call centers, improving response times and situational awareness for first responders. The contract covers a five-year initial term with five possible one-year extensions and aims to connect approximately 70 public safety answering points (PSAPs) in Nebraska by the end of 2022.
Black Lotus Labs, part of Lumen Technologies (NYSE: LUMN), reported a significant rise in Ransom Distributed Denial of Service (RDDoS) attacks since the second half of 2020. Businesses faced increased threats during the pandemic, with cybercriminals demanding Bitcoin ransoms. The blog outlines attacks linked to groups like Fancy Bear and Lazarus Group. Lumen advises against paying ransoms, promoting DDoS mitigation services instead. The company operates 450,000 route fiber miles globally, focusing on enhancing technology for businesses and communities.
Lumen Technologies (NYSE: LUMN) will release its fourth quarter 2020 results on Feb. 10, 2021. A live conference call will be available on their Investor Relations website at 5 p.m. ET. The results will include an earnings release and an investor presentation. An archived audio replay will be available starting at 7 p.m. ET on the same day, lasting until May 11, 2021. Lumen operates approximately 450,000 route fiber miles in over 60 countries, focusing on delivering secure platforms for applications and data to enhance customer experiences.
Lumen Technologies will present at the Citi 2021 Global TMT West Virtual Conference on Jan. 6 at 11 a.m. ET. Ed Morche, president of strategic enterprise and government markets, will lead the presentation. Investors can access the webcast details on Lumen's Investor Relations website. With around 450,000 route fiber miles across more than 60 countries, Lumen is dedicated to enhancing technology for businesses and communities. The rebranding from CenturyLink to Lumen occurred on Sept. 14, 2020.
Lumen Technologies (NYSE: LUMN) has announced the successful redemption of all $775 million principal amount of its 6.125% Notes due 2053, executed by its subsidiary Qwest Corporation. The redemption was completed at par, plus accrued and unpaid interest, prior to the designated redemption date. This strategic move reflects Lumen's commitment to managing its debt effectively and optimizing its financial structure.
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