Core Insights - Lumen Technologies has announced a unique deal structure with AT&T, which is described as a first of its kind and potentially the last of its kind in the industry [3]. Group 1: Deal Structure and Strategy - The deal was structured to focus on the value of fiber for the consumer side, which is seen as the go-forward strategy and a key asset of interest for buyers [3]. - The company retains a significant number of wire centers for its enterprise business, which will allow for direct connections to the cloud [3]. - The footprint of the retained assets generates substantial enterprise EBITDA, along with healthy consumer copper EBITDA from rural areas that are unlikely to see fiber development in the near future [3].

Lumen Technologies (LUMN) FY 2025 Conference May 28, 2025 01:50 PM ET Speaker0 Started? Good afternoon. Welcome to day one of our fifty third annual TMT TD Cowen conference. My name is Greg Williams. I cover cable, wireless, and telco here at TD Cowen. I'm joined in this session by Chris Stansberry, the CFO of Lumen Technologies. Chris, thanks for joining us. Speaker1 Yeah, great to be here. Speaker0 I want to start off with the AT and T deal that was announced last week. This deal structure is very unique. ...

I'm a full time value investor and writer who enjoys using classical value ratios to pick my portfolio. My previous working background is in private credit and CRE mezzanine financing for a family office. I'm also a fluent Mandarin speaker in both business and court settings, previously serving as a court interpreter. I have spent a good chunk of my adult working life in China and Asia. I have worked with top CRE developers in the past including The Witkoff Group , Kushner Companies, Durst Organization and ...

Since peaking at $10.33 last November 2024, Lumen Technologies (NYSE: LUMN ) shares perked up after a deal with AT&T ( T ). After stock markets closed on May 21, 2025, AT&T announced that it would buy Lumen’s mass marketsPlease [+]Follow me for coverage on deeply discounted stocks. To dive deeper beyond the ideas in this article, get do-it-yourself tips and tricks in two ways.First, subscribe to the Free DIY Tier to get a preview of the subscription. Read dozens of articles. This is separate from the alerts ...

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - Lumen Technologies, Inc. has entered into a definitive agreement to sell its Mass Markets fiber-to-the-home business, including Quantum Fiber, to AT&T for $5.75 billion in cash, marking a significant step in Lumen's transformation into a digital enterprise networking company [1] Group 1: Transaction Details - The transaction is expected to close in the first half of 2026, pending regulatory approvals and customary closing conditions [2] - The sale includes approximately 95% of Quantum Fiber, covering around 4 million fiber-enabled locations and nearly 1 million subscribers as of March 31, 2025, projected to generate over $750 million in annualized revenues [3] Group 2: Financial Implications - Net proceeds from the deal, estimated at approximately $4.2 billion, will be used to retire about $4.8 billion in super priority debt, reducing annual interest expenses by $300 million and lowering the projected 2025 net debt to adjusted EBITDA ratio from 4.9 to 3.9 [4] - The deal will also decrease annual capital expenditures related to Mass Markets fiber by about $1 billion, allowing Lumen to reinvest in enterprise offerings and strengthen its balance sheet [4] Group 3: Future Strategy - Lumen plans to continue new fiber buildouts at a similar pace as in 2024 through the end of 2025 while retaining its existing copper network for consumer customers [5] - The company aims to expand its intercity fiber network to 47 million miles by 2028 and focus on growing the Lumen Digital Platform to provide enhanced networking solutions for business customers [6] - Management emphasized that the transaction enhances financial flexibility to innovate enterprise networking in a multi-cloud, AI-first environment, retaining core infrastructure assets for enterprise services [7] Group 4: Market Demand and Partnerships - Increasing demand for Lumen's Private Connectivity Fabric (PCF) solutions is noted, with $8.5 billion in PCF deals secured in 2024, driven by the urgent need for fiber capacity among large companies [8] - Lumen has established partnerships with major tech firms like Microsoft, Amazon, Google Cloud, and Meta Platforms to support AI innovation through enhanced network capabilities [8]

Lumen Technologies (LUMN) M&A Announcement May 21, 2025 04:30 PM ET Speaker0 Thank you for standing by. My name is Tina and I will be your conference operator today. At this time, I would like to welcome everyone to the Lumen Forward Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I would now like to turn the conference over to Jim Brie, Senior Vice President of Investor Relations. You m ...

AT&T agrees to acquire substantially all of Lumen's Mass Markets fiber internet connectivity business in a deal that's expected to close in the first half of 2026Transaction to stimulate investment, expand world-class connectivity in the U.S., create new jobs and make high-speed fiber internet access available to millions of AmericansAT&T will extend its industry-leading fiber network with plans to reach approximately 60 million total fiber locations by year-end 20301DALLAS, May 21, 2025 /PRNewswire/ --Key ...

Lumen Technologies, Inc.’s (LUMN) shares have surged 29.6% in the past month, outpacing the S&P 500 composite and Diversified Communications Services sector’s growth of 15.4% and 6.3%, respectively.Lumen also outperformed some of its peers, such as Verizon Communications (VZ) , AT&T (T) , and T-Mobile US, Inc. (TMUS) . Verizon and AT&T have registered gains of 3.2% and 6.4% respectively, while T-Mobile has lost 3.7% over the same time frame. Image Source: Zacks Investment ResearchClosing at $3.98 as of yest ...

Lumen Technologies, Inc. (NYSE:LUMN) Annual JPMorgan Global Technology, Media and Communications Conference Call May 15, 2025 8:40 AM ET Company Participants Chris Stansbury - Executive Vice President and Chief Financial Officer Conference Call Participants Sebastiano Petti - JPMorgan Chase & Co. Sebastiano Petti Good morning, everyone. I'm Sebastiano Petti, and I cover the telecom, cable and satellite space at JPMorgan. I'd like to welcome Chris Stansbury, CFO of Lumen Technologies. Chris, thanks for being ...