LUMEN TECHNOLOGIES, INC.

(LUMN)
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Delayed Nyse  -  05/19 04:00:02 pm EDT
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Lumen Technologies : helps innovative City of West Des Moines RecPlex merge tech, sports

01/05/2022 | 08:08am EDT

Jan. 5, 2021 - The recently constructed 300,000-square foot MidAmerican Energy Company RecPlex integrates innovative technology into its design to support and enhance a variety of athletic and recreational activities-including Esports. The city of West Des Moines, Iowa, selected Lumen Technologies (NYSE: LUMN) to provide network services, including Local Area Network, Wi-Fi and voice solutions, to power their state-of-the-art facility.

  • What's the news: Operated by the city of West Des Moines, a new indoor athletic facility embraces tech to deliver a mix of activities across the 66-acre complex, including recreational and adaptive sports, educational programs, health clinic and a new Esports center.
  • Why it matters: The MidAmerican Energy Company RecPlex was built in response to citizen demand for a state-of-the-art athletic facility to meet the region's growing needs for year-round sports programs. The facility is expected to be an economic driver, accommodating community use as well as sports tourism.

"The scope and scale of the RecPlex required weaving together multiple campus networks and technologies to create a seamless visitor experience. Working with the city, we provided a mix of solutions that ride on our Lumen network to power patrons' experiences both on and off the field," said Sonia Ramsey, regional vice president of the Lumen state and local government and education market. "We're excited to help the city of West Des Moines build a unique and expansive venue that will help unlock new opportunities in the region."

Read about how Lumen is supporting the public sector here:https://www.lumen.com/public-sector.html

Secure, reliable and fast connections were necessary to help create the seamless experience required by the facility's diverse competition spaces, clinical facility, special event areas and Esports gaming PCs. The athletic facility fulfills a community need for event space as well as creates a home for the increasingly popular Esports segment.

"We've brought together a lot under one roof. While it's our goal to serve traditional sports, a connected campus helps open the door to new areas so we can serve the needs of even more athletes in our community," said Shayne Ratcliff, general manager for the MidAmerican Energy Company RecPlex. "Ice rinks, outdoor synthetic turf, Esports, space for meetings and concerts-we have something for everyone. It's going to be a game-changer for the community."

The complex is now open to the public.

About Lumen Technologies: Lumen is guided by our belief that humanity is at its best when technology advances the way we live and work. With approximately 450,000 route fiber miles and serving customers in more than 60 countries, we deliver the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences.

Learn more about the Lumen network, edge cloud, security, communication and collaboration solutions and our purpose to further human progress through technology at news.lumen.com/home, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Learn more about Lumen public sector capabilities on Twitter at @lumengov and on LinkedIn at @lumenpublicsector. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies, LLC in the United States.

Disclaimer

Lumen Technologies Inc. published this content on 05 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2022 13:07:01 UTC.


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Financials (USD)
Sales 2022 17 557 M - -
Net income 2022 1 492 M - -
Net Debt 2022 20 709 M - -
P/E ratio 2022 6,94x
Yield 2022 8,80%
Capitalization 11 736 M 11 736 M -
EV / Sales 2022 1,85x
EV / Sales 2023 2,16x
Nbr of Employees 35 000
Free-Float 99,1%
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Jeffrey K. Storey President, Chief Executive Officer & Director
Christopher David Stansbury Chief Financial Officer & Executive Vice President
T. Michael Glenn Chairman
Andrew Dugan Chief Technology Officer
Peter C. Brown Independent Director
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