Shares of fiber network giant Lumen Technologies (NYSE: LUMN) rocketed 29.2% on Friday. It was a big comeback for the stock, which had been decimated after its fourth-quarter earnings release on Tuesday afternoon. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Today, the company disclosed that CEO Kate Johnson took the post-earnings sell-off as an opportunity to buy a cool half-mill ...

Core Insights - Manulife Investment Management has formed a joint venture named Lakefront Fiber with Midwest Fiber Networks to enhance digital infrastructure in the fiber connectivity sector [1][2] - Lakefront Fiber aims to provide connectivity for hyperscale, carrier, and municipal customers, leveraging MWFN's established relationships and experience in the fiber market [2][3] - The joint venture has completed its first transaction by acquiring network assets in Illinois from Everstream, adding nearly 650 route miles to its infrastructure [3] Company Overview - Manulife Investment Management is part of Manulife Financial Corporation, offering global investment, financial advice, and retirement plan services to 19 million clients worldwide [4] - Midwest Fiber Networks specializes in high-speed fiber connectivity across the Midwest, focusing on reliability and customer satisfaction, and supports various sectors including businesses and government entities [5]