LUMEN TECHNOLOGIES, INC.

(LUMN)
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Delayed Nyse  -  05/19 04:00:02 pm EDT
11.36 USD   -0.35%
05/19LUMEN TECHNOLOGIES, INC. : Submission of Matters to a Vote of Security Holders (form 8-K)
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05/19Lumen Technologies Maintains Quarterly Dividend at $0.25 a Share, Payable Jun 10 to Shareholders as of May 31
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05/19Lumen Technologies declares quarterly cash dividend
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Telco Asset Divestitures Are "Lumen" (Podcast)

01/11/2022 | 05:13am EDT

Lumen Technologies recently announced two sizable business divestitures that could see them realize $10 billion in sales proceeds and help the company refocus its strategy.  In the first sale, Lumen's Latin American business is being sold to the investment firm Stonepeak for $2.7 billion and in the second, even larger sale, the telco's local incumbent carrier operations in 20 states are going to Apollo Funds for $7.5 billion.

In this 11 minute podcast, Jack Deal, one of TC2's Managing Directors, and Laura McDonald, a Partner with LB3, discuss with TC2's Joe Schmidt what these asset divestitures mean and speculate how enterprises might benefit from the new Lumen.

If you would like to learn more about our experience in this space, please visit our SIP Trunking & Legacy Voice Networks and Success Stories webpages.

Originally published August 5, 2021 .

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.


Ms Laura F. H. McDonald
Levine, Blaszak, Block & Boothby
2001 L Street, NW
Suite 900
Washington, DC
20036
UNITED STATES
Tel: 202857 2550
Fax: 202857 2325
E-mail: mterrana@lb3law.com
URL: www.lb3law.com

© Mondaq Ltd, 2022 - Tel. +44 (0)20 8544 8300 - http://www.mondaq.com, source Business Briefing

All news about LUMEN TECHNOLOGIES, INC.
05/19LUMEN TECHNOLOGIES, INC. : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
05/19Lumen Technologies Maintains Quarterly Dividend at $0.25 a Share, Payable Jun 10 to Sha..
MT
05/19Lumen Technologies declares quarterly cash dividend
PR
05/19TRANSCRIPT : Lumen Technologies, Inc. Presents at MoffettNathanson Annual Media & Communic..
CI
05/18Lumen Technologies to Present at the 50th Annual J.P. Morgan Global Technology, Media a..
PR
05/12Lumen Technologies to Present at the MoffettNathanson 9th Annual Media & Communications..
PR
05/12Lumen mitigated DDoS attacks that targeted a single company more than 1,300 times
PR
05/04LUMEN TECHNOLOGIES, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION A..
AQ
05/04TRANSCRIPT : Lumen Technologies, Inc., Q1 2022 Earnings Call, May 04, 2022
CI
05/04Earnings Flash (LUMN) LUMEN TECHNOLOGIES Posts Q1 EPS $0.63, vs. Street Est of $0.46
MT
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Analyst Recommendations on LUMEN TECHNOLOGIES, INC.
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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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Technical analysis trends LUMEN TECHNOLOGIES, INC.
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Mean consensus HOLD
Number of Analysts 11
Last Close Price 11,36 $
Average target price 11,20 $
Spread / Average Target -1,41%
EPS Revisions
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
Sector and Competitors