Lumen Technologies Inc Ordinary Shares
LUMN: XNYS (USA)
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Lumen Earnings: No New Infrastructure Deals; Alkira Adds Networking Capabilities
Lumen's first-quarter revenue declined 9%, or 5% excluding the residential fiber network sale to AT&T. Business segment revenue declined 3%, in line with recent quarters. The firm generated $380 million of free cash flow during the quarter but announced no new fiber infrastructure agreements.
