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.
Bookmark this page for direct access to Lumen’s verified announcements, or check back regularly for the latest developments in secure, high-capacity connectivity solutions.
Lumen Technologies (NYSE: LUMN) has announced exchange offers for certain unsecured senior notes. Lumen is offering to exchange up to $500 million of newly-issued 10.000% Secured Notes due 2032 for its outstanding unsecured notes due 2026, 2027, 2028, and 2029. Level 3 Financing, a subsidiary, is offering to exchange up to $350 million of newly-issued 10.000% Second Lien Notes due 2032 for its outstanding unsecured notes due 2027 and 2028.
The exchange offers are subject to various conditions and prioritization levels. Early tenders (by September 16, 2024) will receive higher consideration. The offers expire on October 1, 2024, unless extended. The new notes will be secured and have similar covenants to existing secured notes. These offers are only available to qualified institutional buyers and non-U.S. persons outside the United States.
Lumen Technologies (NYSE:LUMN) has chosen Blue Planet Inventory (BPI), an intelligent automation software from Ciena's (NYSE:CIEN) Blue Planet division, to drive its strategic network inventory transformation initiative. This selection aims to:
- Consolidate multiple legacy inventory systems
- Streamline service delivery and assurance processes
- Digitize network assets
- Improve global customer experience
The implementation of BPI will enable Lumen to create a digital twin of its network, allowing for test simulations, network planning, and issue identification. This transformation is important for Lumen's mission to connect people, data, and applications efficiently while improving operational efficiency and supporting innovations like Network-as-a-Service and Private Connectivity Fabric℠.
Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider, has announced that its Executive Vice President and CFO Chris Stansbury will present at the Goldman Sachs Communacopia + Technology Conference on September 9, 2024. The presentation is scheduled to begin at 7:25 p.m. ET.
Investors and interested parties can access a live webcast of the presentation through the Lumen Investor Relations website. This event provides an opportunity for Lumen to showcase its strategies and financial outlook to a broader audience of investors and industry professionals.
As a company that aims to unleash the world's digital potential, Lumen's participation in this conference underscores its commitment to engaging with the investment community and sharing insights into its business operations and future plans.
Lumen Technologies (NYSE: LUMN) has been selected by the New Mexico Office of Broadband Access and Expansion to provide nearly 900 miles of high-speed fiber connectivity to K-12 public schools across the state. The three-year contract, worth over $4.3 million in its first phase, will connect approximately 15,000 students in the Gadsden Independent School District and three charter schools in Albuquerque. Lumen will deliver secure high-speed connectivity using advanced fiberoptic wave technology, backbone circuits, and network nodes.
The project is part of the New Mexico Statewide Education Network, which aims to interconnect all New Mexico schools by 2027 and lay the foundation for a state-coordinated middle mile network. This initiative is important for digital inclusivity, equity, and affordability, bridging the gap to last-mile broadband providers. The network's first connection was celebrated at Albuquerque's 21st Century Public Academy, marking a significant step in New Mexico's commitment to technology in schools.
Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider, has announced that its Executive Vice President and Chief Financial Officer, Chris Stansbury, will present at the BofA Securities 2024 Media, Communications & Entertainment Conference on September 5, 2024. The presentation is scheduled to begin at 8:50 a.m. ET.
Investors and interested parties can access a live webcast of the presentation through the Lumen Investor Relations website at https://ir.lumen.com/events-and-presentations. This event provides an opportunity for Lumen to showcase its strategies and financial outlook to a key audience in the media and communications sector.
Lumen Technologies (NYSE: LUMN) reported Q2 2024 results, showing continued success in North American Large and Mid-Market Enterprise sales. The company reported a Net Loss of $(49) million, compared to $(8.736) billion in Q2 2023. Total Revenue was $3.268 billion, down from $3.661 billion year-over-year. Adjusted EBITDA excluding Special Items was $1.011 billion, compared to $1.229 billion in Q2 2023. Free Cash Flow, excluding Special Items, was negative $(156) million.
Lumen updated its full-year 2024 outlook, projecting Adjusted EBITDA of $3.9 to $4.0 billion and Free Cash Flow of $1.0 to $1.2 billion. The company highlighted its partnership with Microsoft and potential to capitalize on AI-driven demand for high-bandwidth infrastructure.
Lumen Technologies (NYSE: LUMN) has secured $5 billion in new business driven by major demand for connectivity fueled by AI. The company is in active discussions for an additional $7 billion in sales opportunities. To meet this demand, Lumen plans to more than double its intercity network miles over the next five years and provide access to installed dark fiber. Lumen has also partnered with Corning for next-generation fiber-dense cable to accommodate increased AI data processing needs.
In response to this growth, Lumen has created a new Custom Networks division to manage its Private Connectivity Fabric℠ solutions and address interest from hyperscalers and large organizations. This division will provide customized network solutions, including dark fiber, custom fiber routes, and digital services for secure data center connections and AI-intensive workloads.
Lumen Technologies (NYSE: LUMN) has announced a significant agreement with Corning Incorporated (NYSE: GLW) for the supply of next-generation optical cable. This deal will more than double Lumen's U.S. intercity fiber miles, providing substantial capacity to major cloud data centers to meet the increasing demands of AI workloads and high-bandwidth applications. The agreement reserves 10% of Corning's global fiber capacity for each of the next two years.
This partnership aims to address the network infrastructure needs of major data center operators, including Microsoft, which recently announced an investment with Lumen. The new fiber-dense cable will enable Lumen to fit two-to-four times the amount of fiber into existing conduits, marking the first outside-plant deployment of Corning's new gen-AI fiber and cable system.
Lumen Technologies (NYSE: LUMN) has announced a significant agreement with Corning Incorporated (NYSE: GLW) to secure a substantial supply of next-generation optical cable. This deal will more than double Lumen's U.S. intercity fiber miles, addressing the growing demand for AI workloads and high-bandwidth applications in cloud data centers.
Key points of the agreement include:
- Lumen reserves 10% of Corning's global fiber capacity for each of the next two years
- The agreement is Lumen's largest cable purchase to date
- It will enable Lumen to meet the network infrastructure needs of major data center operators, including Microsoft
- The new fiber-dense cable will support the rapid advancement of generative AI, which requires at least 10 times more fiber connections within data centers
Lumen Technologies (NYSE: LUMN), a global integrated network solutions provider, has announced that its EVP and CFO, Chris Stansbury, will present at the Citi Global Technology, Media and Telecom Conference on September 4, 2024. The presentation is scheduled for 12:30 p.m. ET.
Investors and interested parties can access a live webcast of the presentation through the Lumen Investor Relations website. This event provides an opportunity for Lumen to showcase its strategies and insights to a global audience of technology and telecom industry professionals.
As a company that aims to unleash the world's digital potential, Lumen's participation in this conference underscores its commitment to engaging with investors and industry leaders.
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