LUMEN TECHNOLOGIES, INC.

(LUMN)
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Delayed Nyse  -  04:00 2022-08-12 pm EDT
11.23 USD   +0.72%
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LUMEN TECHNOLOGIES, INC. : Other Events (form 8-K)

06/30/2022 | 05:27pm EDT

Item 8.01 Other Events.

On June 29, 2022, the Federal Communications Commission approved our previously-announced agreement to divest our Latin American business. Subject to the satisfaction of the remaining customary closing conditions, we anticipate closing this divestiture during the third quarter of 2022.

Forward Looking Statements

Except for the historical and factual information contained herein, the matters
set forth in this Current Report on Form
8-K,
including statements regarding the timing of the closing of the proposed
transactions, and other statements identified by words such as "anticipates,"
"expects," and similar expressions, are forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to a number of
risks, uncertainties and assumptions, many of which are beyond our control.
Actual events and results may differ materially from those anticipated,
estimated or projected if one or more of these risks or uncertainties
materialize, or if underlying assumptions prove incorrect. Factors that could
affect actual results include but are not limited to: the possibility that the
purchaser will not be able to finance the divestiture on the terms contemplated
or at all; the possibility that the conditions to the parties' respective
closing obligations will not be met or waived in a timely manner or at all; and
other risk factors and cautionary statements as detailed from time to time in
our reports filed with the U.S. Securities and Exchange Commission. There can be
no assurance that the proposed divestiture of our Latin American business will
in fact be consummated in the manner described or at all. You should be aware
that new factors may emerge from time to time and it is not possible for us to
identify all such factors nor can we predict the impact of each such factor on
the proposed transactions. You should not place undue reliance on these forward
looking statements, which speak only as of the date of this Current Report on
Form
8-K.
Unless legally required, we undertake no obligation and expressly disclaim any
such obligation to update publicly any forward-looking statements, whether as a
result of new information, future events or otherwise.

                                       1

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