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AT&T agrees to acquire substantially all of Lumen's Mass Markets fiber internet connectivity business in a deal that's expected to close in the first half of 2026 Transaction to stimulate investment, expand world-class connectivity in the U.S., create new jobs and make high-speed fiber internet access available to millions of Americans AT&T will extend its industry-leading fiber network with plans to reach approximately 60 million total fiber locations by year-end 20301 DALLAS , May 21, 2025 /PRNewswire/ -- Key Takeaways: AT&T will acquire substantially all of Lumen's Mass Markets fiber business, which today totals about 1 million fiber customers and reaches more than 4 million fiber locations across 11 U.S. states. AT&T reiterates full-year 2025 financial and operational guidance and share repurchase plans.
Higher demand for LUMN's PCF solutions bodes well, but a debt-laden balance sheet and competition in the AI space remain overhangs.
Lumen Technologies, Inc. (NYSE:LUMN ) Annual JPMorgan Global Technology, Media and Communications Conference Call May 15, 2025 8:40 AM ET Company Participants Chris Stansbury - Executive Vice President and Chief Financial Officer Conference Call Participants Sebastiano Petti - JPMorgan Chase & Co. Sebastiano Petti Good morning, everyone. I'm Sebastiano Petti, and I cover the telecom, cable and satellite space at JPMorgan.
Concerns about the future prospects for Lumen Technologies Inc. (NYSE: LUMN) have lingered.
DENVER--(BUSINESS WIRE)--Lumen Technologies (NYSE: LUMN) today announced the election of Michelle J. Goldberg and Steve McMillan to its Board of Directors, effective as of the company's 2025 annual meeting of shareholders, which was held on May 15, 2025. “As Lumen transforms to serve the digital networking needs of our enterprise customers, Michelle and Steve's expertise will be invaluable to our board and our business,” said Kate Johnson, Lumen's president and CEO. “Michelle's experience scali.
Most Americans believe they need at least $1.26 million to retire comfortably, according to Northwestern Mutual's 2025 Planning & Progress Study. Unfortunately, only 3.2% of American retirees have actually saved up more than $1 million across their retirement accounts, according to a recent Federal Reserve Survey of Consumer Finances.
DENVER--(BUSINESS WIRE)--New Legal Officer Named.
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Since my last writing, Lumen Technologies has embarked on an AI transformation and showed material progress. The company secured $8 billion in AI infrastructure orders, substantially improved its financial stability and flexibility. But it is still facing significant financial challenges, including continued EPS losses, debt burden, and heavy capital expenditure needs.
Companies to develop AI solutions that bring inferencing to the edge, helping businesses overcome cost and security challenges as they scale AI DENVER and ARMONK, N.Y. , May 6, 2025 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) and IBM (NYSE: IBM) today announced a new collaboration to develop enterprise-grade AI solutions at the edge—integrating watsonx, IBM's portfolio of AI products, with Lumen's Edge Cloud infrastructure and network.