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) reported a net loss of $(3.069) billion for Q4 2022, including a non-cash goodwill impairment charge of $3.271 billion, compared to a net income of $508 million in Q4 2021. Revenue fell to $3.800 billion from $4.847 billion year-over-year. The company completed the divestiture of its 20-state ILEC business for $7.5 billion and plans to sell its EMEA business to Colt for $1.8 billion. Lumen's free cash flow decreased to $126 million in Q4 2022, down from $776 million in Q4 2021. The company also announced a 2023 outlook of $4.6 to $4.8 billion for Adjusted EBITDA and $0 to $200 million for Free Cash Flow.
Lumen Technologies (NYSE: LUMN) announced significant changes to its executive leadership to enhance customer service and drive growth. The new appointees include Sham Chotai as Executive Vice President of Product and Technology and Jay Barrows as Executive Vice President of Enterprise Sales and Public Sector. Additionally, Ashley Haynes-Gaspar will oversee the marketing organization as Executive Vice President, Customer Experience Officer, Wholesale, and International. CEO Kate Johnson emphasized these leadership adjustments aim to foster innovation and simplify processes to improve customer experiences.
Lumen Technologies (NYSE: LUMN) has secured a $223 million contract from the U.S. Defense Information Systems Agency (DISA) to provide secure communications services for the U.S. Department of Defense. This award supports the DoD's mission by delivering modern hybrid-cloud voice and audio-conferencing services. The contract includes a one-year base period with three additional one-year options and a potential six-month extension. Lumen's advanced VoIP system enhances cost-efficiency by replacing desk phones and facilitating remote connectivity for a hybrid workforce, meeting DoD Impact Level 5 security standards.
Sterling Ranch, a master-planned community in Colorado, is expanding its partnership with Lumen (NYSE: LUMN) to deliver high-speed internet via the new XGS-PON technology. The rollout aims to provide internet speeds of up to 8 gigabits per second, significantly outpacing the U.S. average speed of 193.9 Mbps. By the end of 2024, this service will be available throughout the community, thanks to Lumen's premier fiber service, Quantum Fiber. This initiative aligns with Sterling Ranch's vision of becoming a smart city, supporting residents who rely on advanced connectivity for work and daily life.
Lumen Technologies (NYSE: LUMN) is expanding its 400 Gbps wavelength network to meet customer demand for fiber and connectivity. With investments in its U.S. intercity dark fiber network, Lumen now offers wavelength services that provide dedicated, secure connectivity for enterprises, government agencies, and data centers. The network has been deployed across 70 markets, with over 240 data centers enabled for 400G services, and currently handles more than 800TB of capacity. Lumen's self-service tool, Topology Viewer, allows customers to design their own networks. Ongoing expansions are planned for 2023, driven by customer needs.
Lumen Technologies (NYSE: LUMN) will announce its fourth quarter 2022 results on February 7, 2023. A live conference call will be held at 5 p.m. ET, accessible via their Investor Relations website. For those unable to join live, an audio replay will be available shortly after the call until May 8, 2023. Lumen operates with approximately 400,000 route fiber miles, providing essential technology solutions across more than 60 countries. Further details and materials related to the earnings release will also be posted on their Investor Relations website.
Lumen Technologies (NYSE: LUMN) has appointed Ashley Haynes-Gaspar as Executive Vice President for Customer Success, Wholesale, and International, effective January 9, 2023. With her extensive background, including a recent role as COO at Microsoft, she aims to enhance enterprise customer relationships and boost international and wholesale operations. CEO Kate Johnson expressed confidence in Haynes-Gaspar’s leadership and customer-focused vision, which aligns with Lumen's strategy to prioritize customer growth and satisfaction.
On January 5, 2023, Kate Johnson, CEO of Lumen Technologies (NYSE: LUMN), will present at Citi's 2023 Communications, Media & Entertainment Conference starting at 10:00 a.m. ET. A live webcast will be available on Lumen’s Investor Relations website. With approximately 400,000 route fiber miles, Lumen serves customers in over 60 countries, providing a secure platform for applications and data.
Lumen Technologies has launched the Lumen Solutions for Contact Center – Genesys Cloud, a new Contact Center as a Service (CCaaS) in partnership with Genesys. This cloud-based solution allows companies to transition from traditional contact centers to a flexible, cost-effective model, enhancing customer retention and productivity. Key features include omnichannel options, AI integration, and real-time data analytics. The service is currently available for enterprise customers, with a FedRAMP-compliant version for the public sector expected soon. This partnership positions Lumen as a unique network partner in the market.
Lumen Technologies (NYSE: LUMN) has announced a significant investment to expand its network capacity by adding 6 million fiber miles by 2026, bringing its U.S. intercity network total to nearly 12 million fiber miles. This expansion uses a multi-conduit system for efficient deployment of cutting-edge fiber technology. The upgraded network aims to enhance performance, support up to 400G wavelength services, and provide reliable low-latency connections for businesses and government agencies. This initiative positions Lumen to meet increasing demand for high-bandwidth services.