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) is a telecommunications resellers company that describes itself as the trusted network for AI, with a focus on connecting people, data, and applications. The LUMN news feed on Stock Titan aggregates company announcements, press releases, and other updates that Lumen issues to the market.
In its public communications, Lumen emphasizes its network, edge cloud, security, managed service, and digital platform capabilities. News about Lumen often highlights how these capabilities are used to support AI-era workloads and digital transformation, including offerings such as Lumen Defender Managed Rules for AWS Network Firewall, which extends Black Lotus Labs threat intelligence into cloud environments.
Investors and followers of LUMN can use the news page to track announcements about earnings conference calls, quarterly and full-year financial results, and investor presentations, which Lumen typically references in its press releases and related materials. The feed also captures updates on financing activities conducted through subsidiaries like Level 3 Financing, Inc., including senior note offerings, tender offers for existing second lien notes, and amendments to credit agreements.
Beyond financial and capital structure news, Lumen issues updates on leadership changes, such as appointments and resignations of key executives, and on community initiatives like the Teachers and Technology grant program operated through the Lumen Clarke M. Williams Foundation. These stories provide context on the company’s governance, strategic priorities, and community engagement.
By reviewing the LUMN news stream, readers can follow how Lumen presents its role as a network and security provider for AI applications, how it manages its debt and credit facilities, and how it communicates operational and leadership developments over time.
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.
Brightspeed has secured over $90 million in grants to expand its gig-speed fiber network to 38,000 locations across 29 counties in North Carolina. The funding is part of the state's GREAT grant initiative aimed at enhancing broadband access in underserved areas. Brightspeed, the top recipient in a competitive process with over 300 applicants, plans to build 800,000 fiber-enabled locations over time, significantly improving internet service and accessibility. The investments are aligned with their mission to bridge the digital divide.
Lumen Technologies will present at the BofA Securities 2022 Media, Communications and Entertainment Conference on September 7, 2022, starting at 11:20 a.m. PT. Chris Stansbury, CFO, will lead the presentation, which can be accessed via a live webcast on Lumen's Investor Relations site. Lumen operates approximately 450,000 route fiber miles and serves customers in over 60 countries, focusing on advancing technology to enhance both work and life. For further details, visit Lumen's website.