Lumen Technologies Inc Ordinary Shares

LUMN: XNYS (USA)
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Lumen Earnings: Taking the Right Steps Toward Improving Its Balance Sheet but Uncertainty Remains

Revenue and adjusted EBITDA declines persisted at Lumen during the second quarter, down 5% and 17%, respectively. Management took steps to improve its balance sheet by refinancing $2 billion of debt, saving $50 million in annual interest expense.

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