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 reports developments in enterprise communications, programmable networking, and network services for businesses. Company updates describe operating results, transformation initiatives, metro connectivity, long-haul data transport, edge cloud, security, managed services, and digital platform capabilities used to connect people, data, and applications.
Recurring LUMN news also covers capital-structure actions involving senior notes, tender offers, exchange offers, consent solicitations, credit arrangements, and subsidiary debt issuers such as Qwest and Level 3 entities. Additional updates address investor presentations, shareholder voting matters, material agreements, and leadership or governance changes tied to the company's telecom and enterprise-network operations.
Lumen Technologies (NYSE: LUMN) has announced the launch of 400G IP transit ports across its Tier 1 internet backbone network in the U.S. and EMEA. This strategic move aims to cater to the increasing demand for high-bandwidth connections from businesses, hyperscalers, and content providers. The company's AS3356 network is recognized as the world's most peered network, experiencing a 38% traffic growth year-over-year in 2021 and 16% in 2022. With this expansion, Lumen enhances its High Speed IP (HSIP) Service offering, simplifying bandwidth management for clients and expanding its availability across multiple major markets, with aggressive plans for further growth through 2024.
Lumen Technologies (NYSE: LUMN) will announce its first quarter 2023 results on May 2, 2023. A live conference call will occur at 5 p.m. ET, streamed on its Investor Relations website. For those unable to join the live call, a replay will be available starting at 8 p.m. ET on the same day until July 31, 2023. Key materials related to the earnings release will also be accessible on the website. Lumen aims to connect people and data through robust network capabilities, enhancing customer growth for current and future needs.
Lumen Technologies, Inc. (NYSE: LUMN) announced early results of its Exchange Offers for senior secured notes. The Issuer aims to issue up to $1.1 billion of new 10.500% Senior Secured Notes due 2030 in exchange for outstanding senior unsecured notes. The 2029 Combined Cap has been increased from $400 million to $460 million. As of the Early Tender Date on March 29, 2023, approximately $915 million of New Notes is expected to be issued, subject to conditions. The Exchange Offers will expire on April 13, 2023.
Lumen Technologies (NYSE: LUMN) has partnered with Talkdesk to expand its cloud-based solutions for contact centers. This integration provides customers with access to Talkdesk's CCaaS offerings, including Talkdesk CX Cloud™ and automation-first solutions. The collaboration aims to enhance customer satisfaction, efficiency, and lower costs by consolidating UCaaS, CCaaS, and networking solutions under a single provider. According to Metrigy, customers using such integrated services report significant increases in customer satisfaction (3x), revenue (17.4%), and employee efficiency (51.1%). This partnership underscores Lumen's expertise in modernizing contact center technologies.
Lumen Technologies (NYSE: LUMN) announced that Maxine Moreau, president of Mass Markets, will present at the New Street Research and BCG Second Annual Fiber to the Future Conference on March 28, 2023, starting at 11:15 a.m. ET. A live webcast of the presentation will be accessible on the Lumen Investor Relations website.
Lumen is focused on connecting people, data, and applications through its robust network and services, supporting both current and future customer needs.
Lumen Technologies (NYSE: LUMN) has initiated offers to issue senior secured notes in exchange for up to $1.1 billion of outstanding senior unsecured notes. The new 10.500% Senior Secured Notes due 2030 aim to reduce Lumen's consolidated indebtedness and strengthen its balance sheet. The exchange offers will expire on April 13, 2023, with an early tender deadline of March 29, 2023. Notably, the new notes will be secured and guaranteed by the Issuer's parent company and various subsidiaries, enhancing their financial stability. This initiative exemplifies Lumen's focus on capital allocation priorities.
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Black Lotus Labs of Lumen Technologies (NYSE: LUMN) has identified a new malware campaign, HiatusRAT, targeting business-grade routers since June 2022. The campaign primarily affects DrayTek Vigor models 2960 and 3900, with around 4,100 exposed devices on the internet, and about 100 compromised across Latin America, Europe, and North America. The malware captures and intercepts network data while converting infected devices into traffic proxy bots. Following its discovery, Lumen has taken measures to mitigate the threat, including blocking command and control servers and enhancing their security portfolio.
Lumen Technologies (NYSE: LUMN) will present at two key investor conferences in March 2023. The first is the Morgan Stanley Technology, Media & Telecom Conference on March 6, starting at 3:55 p.m. ET. The second is the Raymond James 44th Annual Institutional Investors Conference on March 7, commencing at 1:40 p.m. ET. Live webcasts of both presentations will be accessible via the Lumen Investor Relations website. Lumen, serving over 60 countries, aims to enhance human progress through technology.
Lumen Technologies (NYSE: LUMN) released its Q4 2022 DDoS report, highlighting a rise in attacks and trends for 2023. Nearly 90% of Q4 attacks were 'hit and run' style, with a 73% increase in DNS amplification attacks. Lumen mitigated 22% more DDoS attacks in 2022 compared to 2021, including the largest attack of 1.06Tbps. Predictions for 2023 suggest attackers will target small- to mid-size businesses, utilize new resources, and coordinate attacks around significant dates. The cost of a DDoS attack could reach nearly $21 million for a company with $2 billion in revenue.