Lumen Technologies, Inc. (LUMN) Annual JPMorgan Global Technology, Media and Communications Conference (Transcript)

Core Insights - Lumen Technologies is focusing on three company-wide priorities to reposition for growth, with a significant emphasis on building infrastructure for AI [4] - The company has identified a substantial opportunity to monetize its underutilized network assets, particularly in light of the increasing data demands from AI and hyperscalers [4] - The ongoing trend of cloudification in telecom is seen as a disruptive force, enabling the delivery of services digitally [5] Company Strategy - The first priority is to build the backbone for AI, leveraging the existing network and expanding its capabilities to meet the growing data needs [4] - Lumen signed $8.5 billion in deals last year, indicating strong momentum in monetizing its network assets [4] - Continued discussions around further opportunities in this area suggest a proactive approach to capitalizing on market trends [4] Industry Trends - The cloudification of telecom is transforming the landscape, allowing for more efficient and digital service delivery [5] - This shift is expected to create new opportunities and challenges within the telecom sector, necessitating strategic adaptations from companies like Lumen [5]