Lumen Technologies Inc Ordinary Shares
LUMN: XNYS (USA)
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Lumen: Shares Soar on $5.75 Billion Mass-Market Sale to AT&T; Raising Fair Value 20% to $6
Lumen announced its divestiture of its consumer fiber business to AT&T for aftertax proceeds of $4.2 billion. The deal will allow Lumen to improve its balance sheet while focusing on its enterprise and hyperscale business. Lumen will retain its copper mass-market network.
