Lumen Reportedly Looking to Offload its Consumer Fiber Business [Yahoo! Finance]
Lumen Technologies, Inc. (LUMN)
Company Research
Source: Yahoo! Finance
out its legacy mass markets business and strives to reduce debt load, according to a report from Reuters. Citing sources familiar with the matter, Reuters added that Lumen has sought assistance from Goldman Sachs to understand interest from potential buyers (including the company's rivals) for its fiber unit. Further, LUMN might just sell a stake or get into a joint venture deal with a partner. Citing sources, Reuters noted that the deal could be valued in the range of $6-$9 billion, subject to the business parts Lumen is willing to sell and the structure of the deal. Lumen Technologies, Inc. Price and Consensus Lumen Technologies, Inc. Price and Consensus Lumen Technologies, Inc. price-consensus-chart | Lumen Technologies, Inc. Quote Reuters also added that the talks are in early stages and nothing is guaranteed. There was no official comment on the matter from Lumen. The deal will necessitate the splitting up of the fiber business, as the company is not planning to sel
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LUMN
News
- Why Did Lumen Technologies Inc. (LUMN) Jump Yesterday? [Yahoo! Finance]Yahoo! Finance
- Lumen Technologies, Inc. (NYSE: LUMN) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $4.25 price target on the stock, up previously from $4.00.MarketBeat
- Dataprise Welcomes Accomplished Finance Leader Siobhan de Leeuw as New Chief Financial OfficerPR Web
- Lumen & Prometheus Hyperscale Partner for Sustainable AI Data Centers [Yahoo! Finance]Yahoo! Finance
- Lumen Partners with Prometheus Hyperscale to Enhance Connectivity for Sustainable AI-Driven Data Centers [Yahoo! Finance]Yahoo! Finance
LUMN
Earnings
- 11/5/24 - Beat
LUMN
Sec Filings
- 11/20/24 - Form 3
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- LUMN's page on the SEC website