LUMEN TECHNOLOGIES, INC.

(LUMN)
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Delayed Nyse  -  05/27 04:00:02 pm EDT
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Lumen Technologies : is expanding gigabit service to 600,000 business locations

12/13/2021 | 12:16pm EDT

DENVER, Dec. 13, 2021 - Lumen Technologies (NYSE: LUMN) is taking steps to help solve the business demands of today and the future by enabling more than 600,000 additional buildings throughout the country with faster internet speeds, up to 1 gigabit per second.

These faster speeds will be available to small and large-sized businesses located in office buildings near the Lumen fiber network, giving them the power to turn up speeds they've never had before.

"Powering hundreds of thousands of buildings with gigabit speeds is a game-changer for businesses - fast connections are no longer optional, they're a requirement," said Ed Morche, Lumen president of North American enterprise and public sector. "We're delivering speeds to business owners in major metro cities that desperately need faster connections to meet their demanding business challenges and compete in today's digital marketplace."

Lumen has already enabled more than 100,000 business locations in Arizona, Colorado and Washington with up to 1 gigabit ethernet capability over the Lumen global Tier 1 Internet backbone. Future gigabit deployments will be rolled out in additional states in the coming months.

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 Lumen's network, edge cloud, security, communication and collaboration solutions and our purpose to further human progress through technology at news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks in the United States.

Disclaimer

Lumen Technologies Inc. published this content on 13 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 December 2021 17:15:14 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 7,63x
Yield 2022 8,00%
Capitalization 12 913 M 12 913 M -
EV / Sales 2022 1,92x
EV / Sales 2023 2,24x
Nbr of Employees 35 000
Free-Float 99,1%
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Number of Analysts 11
Last Close Price 12,50 $
Average target price 11,20 $
Spread / Average Target -10,4%
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Managers and Directors
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