The telecom-turned-technology-provider wants to grow by building the backbone for AI and in the process has been offloading its nonprofitable business units. Telecom giant AT&T is in talks to buy ...

Lumen has hired a new leader for its public sector business unit in Josh Finke, a 25-year technology industry veteran and most recently a C-level executive at IT managed services provider Compucom. He ...

(Reuters) -Lumen Technologies has kicked off a process to sell its consumer fiber operations, as the telecommunications company looks to phase out its legacy mass markets business and reduce its ...

Sources told Reuters that Lumen is working with investment bankers at Goldman Sachs over a potential deal, while a joint venture could also be explored. A sale will help the company reduce its debt, ...

Lumen Technologies, Inc. faces a bearish outlook due to shrinking financials and a potential sale of its mass market business, which would further reduce EBITDA. The telecom's mass market unit sale ...

DENVER - Lumen Technologies, Inc. (NYSE:LUMN) announced Thursday that its wholly-owned subsidiary, Level 3 Financing, Inc., plans to offer an additional $425 million aggregate principal amount of ...

In other recent news, Lumen Technologies announced a $1 billion offering by its subsidiary, Level 3 Financing, to refinance existing debt. The proceeds will be used to redeem $924.522 million of its ...

Lumen aims to reduce debt by selling consumer fiber unit Potential acquirers include industry rivals, sources say Lumen's AI contracts boost share price, market value at $6.2-billion The move to ...