STOCK TITAN

Lumen introduces a custom-built Wi-Fi 7 capable device for Quantum Fiber customers

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Lumen Technologies (NYSE: LUMN) introduces Wi-Fi 7 capable device offering faster speeds and better home coverage than Wi-Fi 6/6E. The technology will be showcased at the 2024 Consumer Electronics Show.
Positive
  • Lumen Technologies is revolutionizing wireless connectivity with the launch of a custom-built Wi-Fi 7 capable device.
  • The new wireless technology offers faster speeds and improved Wi-Fi experience for Quantum Fiber multi-gig customers.
  • The Wi-Fi 7 capable device provides superior coverage, multi-user capability, low latency, seamless integration with Quantum Fiber's multi-gig network, high-performance applications, advanced technology, and cloud-based digital twin capabilities.
  • Lumen Technologies has partnered with AXON Networks to deliver best-in-class carrier-grade Wi-Fi performance.
Negative
  • None.

Lumen Technologies' introduction of a Wi-Fi 7 capable device represents a significant advancement in wireless connectivity, potentially impacting the telecommunications industry. The device's higher speeds, lower latency and superior coverage could increase demand for Lumen's Quantum Fiber service, particularly among bandwidth-intensive users. The integration of 2.4GHz, 5GHz and 6GHz radios may reduce the need for wired connections, appealing to the growing smart home market.

From an investment perspective, Lumen's internal development of this technology could lead to cost savings over time, as reliance on third-party hardware decreases. The partnership with AXON Networks, leveraging their SDN firmware solutions, indicates a strategic move towards a more integrated and controlled network ecosystem. This could enhance Lumen's competitive edge in the multi-gig broadband market and potentially increase its market share.

However, the success of this technology will largely depend on consumer adoption rates and the ability of Lumen to scale installations effectively. It will be crucial to monitor customer feedback and the performance of the Wi-Fi 7 device post-launch to assess its impact on Lumen's financials and stock performance in the medium to long term.

The unveiling of Wi-Fi 7 capable devices by Lumen Technologies may alter consumer expectations and demand in the home broadband market. As Wi-Fi 7 is not yet widely adopted, Lumen could establish itself as a pioneer in offering next-generation home connectivity solutions. This move may prompt competitors to accelerate their own technology upgrades, potentially sparking a wave of innovation within the industry.

Market research indicates a growing trend towards high-performance home networks, driven by the proliferation of IoT devices, remote work and entertainment streaming. Lumen's emphasis on superior coverage and multi-user capability aligns with these trends and could resonate well with tech-savvy consumers and small businesses seeking advanced networking solutions.

However, the market's reception to the new technology and its willingness to pay a premium for advanced features will be critical to its commercial success. It is essential to analyze consumer behavior patterns and price sensitivity in the context of this new offering to predict its market penetration and impact on Lumen's revenue growth.

Lumen Technologies' strategic investment in Wi-Fi 7 technology could have significant financial implications. The company's stock price may respond positively to this innovation, as investors often reward companies that demonstrate a commitment to staying ahead of the technology curve. The potential increase in Quantum Fiber subscriptions due to the enhanced Wi-Fi experience could lead to higher recurring revenue streams.

However, the costs associated with the development and deployment of the new devices, as well as marketing expenses related to their promotion at CES, should be considered. The initial capital outlay may weigh on short-term earnings, but if the technology gains traction, it could lead to improved profit margins over time due to increased customer retention and reduced churn.

Investors should evaluate Lumen's financial health, including its R&D expenditure, capital allocation for the new technology roll-out and any changes in its operational efficiency metrics. Analyzing these factors will provide a clearer picture of the potential return on investment and the long-term financial impact of the Wi-Fi 7 device launch.

New technology delivers higher speeds and better home coverage than Wi-Fi 6/6E

Device will be highlighted at the 2024 Consumer Electronics Show 

DENVER, Dec. 29, 2023 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) is revolutionizing the future of wireless connectivity with the launch of a custom-built Wi-Fi 7 capable device. Lumen's new wireless technology offers faster speeds and an improved Wi-Fi experience for its Quantum Fiber multi-gig customers compared to Wi-Fi 6/6E devices, setting a new standard for businesses and smart homes of the future.

The Quantum Fiber Wi-Fi 7 capable device will be featured at the Consumer Electronics Show (CES), January 9-12 in Las Vegas. Look for the Quantum Fiber exhibit suite in the Smart Home section, #35-209.

"Our Wi-Fi 7 capable device is a game-changer in wireless technology, providing higher speeds, lower latency, and better home coverage than Wi-Fi 6/6E devices so our Quantum Fiber customers can make the most of every gigabit," said Maxine Moreau, Lumen President of Mass Markets. "Lumen took a significant leap in improving home and business Wi-Fi when we internally developed this Wi-Fi 7 capable device. We're proud of this accomplishment and are ready to install these devices in customer homes and offices. We believe everyone deserves a fast, secure, high-performing Wi-Fi experience."

The benefits of Quantum Fiber's unique Wi-Fi 7 capable device

  • Superior Coverage: One device covers up to 90% of a home based on square footprint, significantly reducing the need for additional nodes.
  • Multi-User Capability: Supports multiple users and gigabit bandwidth demands with 2.4GHz, 5GHz, and 6GHz radios working together for high-speed data transmission, minimizing the need to run ethernet cable throughout home.
  • Latency and Speed: A significant improvement from Wi-Fi 6/6E technology, offering less than 3 milliseconds of latency and seamless integration with Quantum Fiber's multi-gig network with symmetrical speeds up to 8 Gbps.
  • Customer Experience: This Wi-Fi 7 device is part of Quantum Fiber's 360 Wi-Fi capabilities and is fully integrated and controlled through the Quantum Fiber app. The app will unlock advanced parental controls, Wi-Fi performance diagnostics, and include a best-in-class security suite.
  • High-Performance Applications: Ideal for bandwidth-intensive applications like 8K video streaming, cloud gaming, virtual reality, and large multimedia file transfers.
  • Advanced Technology: Contains a built-in GPS chip, enhancing 6GHz range performance in line with upcoming FCC specifications.
  • Cloud Based Digital Twin enabled: Built on carrier grade Open WRT standard with Easy Mesh & prplMesh with real time orchestration and advanced level of device management.

Lumen teamed up with AXON Networks, a global provider of SDN firmware solutions and the developer of Quantum Fiber's Carrier Grade Wi-Fi 7 devices to deliver best in class carrier grade Wi-Fi performance. "AXON Networks is proud to partner with Lumen on this technological accomplishment," said Martin Manniche, CEO of AXON Networks. "Our Wi-Fi 7 capable devices support Standard Power with AFC and GPS, enabling new use cases indoors and outdoors. Our AXON Orchestrator supports end-to-end Real Time Orchestration with Digital Twin support that is fully cloud-enabled. By leveraging our innovative technology, this clearly sets Lumen apart from other operators."

Quantum Fiber installed its first Wi-Fi 7 capable device for a customer this month and will make them available to new Quantum Fiber customers beginning in early 2024. Quantum Fiber is available to homes and small businesses in parts of 16 states.

For more information about Quantum Fiber and Wi-Fi 7 go to www.quantumfiber.com/wifi7.

About Lumen Technologies:
Lumen connects the world. We are igniting business growth by connecting people, data, and applications – quickly, securely, and effortlessly. Everything we do at Lumen takes advantage of our network strength. From metro connectivity to long-haul data transport to our edge cloud, security, and managed service capabilities, we meet our customers' needs today and as they build for tomorrow. For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies, and YouTube: /lumentechnologies. 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lumen-introduces-a-custom-built-wi-fi-7-capable-device-for-quantum-fiber-customers-302023960.html

SOURCE Lumen Technologies

FAQ

What is the new Wi-Fi technology introduced by Lumen Technologies (NYSE: LUMN)?

Lumen Technologies has introduced a custom-built Wi-Fi 7 capable device offering faster speeds and better home coverage than Wi-Fi 6/6E.

Where will the new Wi-Fi technology be showcased?

The new Wi-Fi technology will be highlighted at the 2024 Consumer Electronics Show.

What are the benefits of Lumen's Quantum Fiber's Wi-Fi 7 capable device?

The benefits include superior coverage, multi-user capability, low latency, seamless integration with Quantum Fiber's multi-gig network, high-performance applications, advanced technology, and cloud-based digital twin capabilities.

Who did Lumen Technologies partner with for the new Wi-Fi technology?

Lumen Technologies partnered with AXON Networks to deliver best-in-class carrier-grade Wi-Fi performance.

When will the new Wi-Fi 7 capable devices be available to customers?

Quantum Fiber installed its first Wi-Fi 7 capable device for a customer this month and will make them available to new Quantum Fiber customers beginning in early 2024.

Lumen Technologies, Inc.

NYSE:LUMN

LUMN Rankings

LUMN Latest News

LUMN Stock Data

1.34B
990.04M
2.32%
66.95%
14.17%
Telecommunications Resellers
Information
Link
United States of America
MONROE

About LUMN

we are a global company of approximately 38,000 professionals, dedicated to empowering businesses to produce amazing things. driven by the challenges and opportunities of the 4th industrial revolution, we’re helping to change how people interact and how companies acquire, analyze and act on data with flexible, intelligent, secure and collaborative solutions built for the next generation of business.to learn more about our ambitious mission and data-driven approach to business solutions, visit www.lumen.com.