Lumen (LUMN) Secures 3-Year Connectivity Deal in New Mexico

Core Insights - Lumen Technologies has secured a three-year contract valued at over $4.3 million to provide high-speed fiber connectivity to K-12 public schools in New Mexico [1][4] - The initiative aims to connect all schools in New Mexico by 2027, establishing a statewide education network [2] - Lumen's advanced fiber technology will enhance digital inclusivity and educational opportunities for approximately 15,000 students [3][4] Financial Performance - Lumen reported second-quarter revenues of $3.268 billion, reflecting a year-over-year decline of 10.7% due to divestitures and the sale of its CDN business [6] - Despite the revenue decline, Lumen has secured $5 billion in new business driven by AI demand and is negotiating an additional $7 billion in sales [7] Strategic Partnerships and Growth - Lumen signed its largest cable purchase agreement with Corning, securing 10% of Corning's global fiber capacity for the next two years [8] - The company has been selected by Microsoft to enhance its network capacity, supporting next-generation applications [7] Market Performance - Lumen's shares have increased by 269.3% over the past year, significantly outperforming the sub-industry's growth of 48.5% [8]