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, Inc. (NYSE: LUMN) announced the acceptance and initial settlement of its cash tender offers for various senior notes, totaling approximately $2.87 billion in cash. The purchased aggregate principal amount of notes is about $3.03 billion, with an expected additional purchase of up to $40.67 million on October 5, 2022. The tender offers were initiated in accordance with the Offer to Purchase dated September 26, 2022. This press release serves as an update on the company's financial maneuvers but does not constitute an offer to buy any notes.
Brightspeed has launched operations following its acquisition of ILEC assets from Lumen Technologies (NYSE: LUMN) by Apollo-managed funds (NYSE: APO). It is now the fifth largest ILEC in the U.S., covering over 6.5 million locations. Brightspeed invests at least $2 billion to enhance its fiber network, targeting 1 million new fiber passings in 17 states by year-end 2023. The company aims to bridge the digital divide and improve connectivity in underserved areas, leveraging advanced technologies like XGS-PON and Wi-Fi 6.
Lumen Technologies has successfully completed the sale of its ILEC business in 20 states to Brightspeed. This $7.5 billion deal is part of Lumen's strategic plan to focus on profitable growth and enhance its investment in markets for latency-sensitive applications. Retaining ILEC assets in 16 states allows Lumen to continue expanding its Quantum Fiber broadband services. CEO Jeff Storey emphasized that the transaction will drive long-term shareholder value and maximize efficiency.
On October 3, 2022, Lumen Technologies, Inc. (NYSE: LUMN) announced the results of its cash tender offers to purchase various outstanding senior notes. A total of $633.8 million of 6.750% Senior Notes, $905.2 million of 7.500% Senior Notes, and additional notes were validly tendered before the September 30 deadline. The completion of the offers is linked to the divestiture of Lumen's local exchange business, expected to finalize on the same day. The company reserves rights to waive conditions or delay acceptance of tenders.
Lumen Technologies' Black Lotus Labs has identified a new malware named Chaos, which has seen a fourfold increase in size within two months. This malware, developed in Go, targets a range of devices, including Windows, Linux, and consumer routers, enabling its operators to execute DDoS attacks and conduct crypto mining. The malware exploits known vulnerabilities, leveraging Chinese command and control infrastructure. Organizations are urged to enhance their security measures, including implementing DDoS mitigation and SASE services.
Lumen Technologies, Inc. (NYSE: LUMN) has initiated cash tender offers for all outstanding notes, including senior notes due in 2023, 2024, 2025, 2026, 2028, and 2029. The total amount for the offers is approximately $3.5 billion, with various tender considerations listed. The offers are set to expire on September 30, 2022, unless extended. A key condition is the divestiture of certain business units to Connect Holding LLC, anticipated to close on October 3, 2022. Payment for accepted offers is expected on the same date.
Lumen Technologies (LUMN) is expanding its subsea network capacity by investing in the Grace Hopper subsea cable system, connecting New York and Bude, UK. This investment enhances data flow capabilities and supports growing international demand for cloud services. The Grace Hopper system, set to be operational in October, is the sixth on-net subsea route Lumen has established across the Atlantic. The company emphasizes its long-standing partnership with Google and its commitment to providing secure communications infrastructures for businesses globally, leveraging its extensive fiber network.
On September 13, 2022, Lumen Technologies (LUMN) appointed Kate Johnson as the new president and CEO. Chris Stansbury, the CFO, will represent the company at the Goldman Sachs Communacopia + Technology Conference on September 15 at 10:45 a.m. PT. A live webcast of this presentation will be accessible via the Lumen Investor Relations website, enhancing transparency for investors and stakeholders. Lumen continues to focus on delivering advanced technology solutions globally, boasting about 450,000 route fiber miles and serving over 60 countries.
Lumen Technologies (NYSE: LUMN) has appointed Kate Johnson as its new President and CEO, effective November 7, 2022, succeeding Jeff Storey, who will retire after 40 years in the telecommunications industry. Johnson, previously leading Microsoft U.S., is recognized for driving business transformations and growth. The succession plan has been in place for several years, with confidence expressed in Johnson's leadership to enhance Lumen's strategic initiatives and customer experiences. Storey will assist with the transition until December 31, 2022.
Lumen Technologies will present at the Goldman Sachs Communacopia + Technology Conference on September 15, 2022, with CEO Jeff Storey scheduled to speak at 10:45 a.m. PT. A live webcast of the presentation will be available on Lumen's Investor Relations website. Lumen, known for its extensive fiber network, aims to enhance technology to improve business and community experiences across more than 60 countries. Investors can find more details and the webcast link on the Investor Relations site.
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