![]() dollars, with the two firms announcing that a sale could be completed by late 2023. In November 2022, Lumen also announced an agreement to sell its Europe, Middle East, and Africa business to London-based Colt Technology Services for 1.8 billion U.S. states to Brightspeed for 7.5 billion U.S. This was followed in October by the sale of its incumbent local exchange carrier business (ILEC) in 20 U.S. In August, the firm announced the sale of its Latin American operations for 2.7 billion U.S. dollars in 2021, with the company streamlining its operations through the completion of two major sales. Lumen’s total assets fell to 45.6 billion in 2022 from 58 billion U.S. CenturyLink (NYSE: CTL) is a technology leader delivering hybrid networking, cloud connectivity, and security. ![]() Lumen closes major sales in Latin America and the U.S. Meanwhile, voice services revenue from the mass market division has declined sharply, reflecting the global downward trend in fixed telephone subscriptions. dollars in 2022, an increase of 15.3 percent on 2021. Fiber broadband has been a growing focus in the mass market segment, generating 604 million U.S. dollars, while fiber infrastructure brought in 2.2 billion. Within the business segment, IP and data services accounted for the largest share of revenue at 5.8 billion U.S. dollars, while its mass market segment brought in just shy of 4.5 billion. In 2022, the firm’s business segment generated over 13 billion U.S. Lumen is now pushing to offer more higher-value applications and enterprise services directly to its customers, reflected in the company’s new motto: “The Platform for Amazing Things.Business clients remain Lumen’s core focusĮnterprise clients account for the majority of Lumen’s revenue. That has helped CenturyLink survive even as consumers cut their home phone lines in favor of wireless providers and switched off DSL in favor of faster alternatives.īut transporting light signals can also be a commodity service. Lumen is a measure of the brightness of light, and the company’s competitive advantage this century has come from its massive fiber network, stretching 450,000 route miles. Along with internal software innovations, they have given Lumen the ability to provide enterprise customers with a variety of services in a variety of areas. Outside of those name-changing transactions, the company has made dozens of other ones, small and big, such as Broomfield-based Level 3 Communications. It isn’t because of one big acquisition, but rather a bunch of smaller ones. Now, another new name and logo will go up on the company’s buildings across the metro area. ![]() Qwest Communications International, an up and coming fiber-optic network, acquired the much larger US West, only to get into trouble with regulators, leaving it a vulnerable target for CenturyLink, a traditional phone provider out of Louisiana, after the tech and telecom boom went bust. ![]() Those around a while may remember Mountain Bell, the local phone company, which became US West in an anti-trust spin-off from AT&T. Partners,” said Lumen CEO Jeff Storey, in a statement on the name change. Lumen is all about enabling the amazing potential of our customers, by utilizing our technology platform, our people, and our relationships with customers and ![]() “Our people are dedicated to furthering human progress through technology. Digital Replica Edition Home Page Close MenuĬenturyLink has taken on a new identity - Lumen Technologies - a name it says better highlights the company’s future direction and focus. ![]()
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