Cogent Communications (NasdaqGS:CCOI) 2025 Conference December 02, 2025 09:30 AM ET Speaker1Thank you, everyone, for joining us, and welcome to the Bank of America 2025 Leveraged Finance Conference. I'm Ana Goshko. I cover high-yield telecom and technology, and we're thrilled to have Cogent with us this morning and David Schaeffer, the company's CEO. Thank you, David, for being here, as always. We appreciate you making the trek to Florida.Speaker3Thanks for hosting me. Thanks for being a great venue, and th ...

Core Insights - Lumen Technologies, Inc. reported third-quarter earnings that exceeded analyst expectations on both revenue and earnings per share, leading to a rise in stock price [1][2]. Financial Performance - The company reported quarterly losses of 20 cents per share, beating the analyst estimate of losses of 27 cents [2]. - Quarterly revenue was $3.08 billion, surpassing the analyst consensus estimate of $3.03 billion [2]. - Financial results included exceeding expectations for revenue, adjusted EBITDA, and free cash flow [5]. Operational Execution - The company successfully implemented Phase I of its ERP system [5]. - Progress was made on the sale of consumer FTTH to AT&T, targeted to close in early 2026 [5]. - A $2.4 billion debt refinancing and term loan repricing were completed, resulting in an annual interest expense saving of $135 million year to date [5]. Growth Initiatives - In October, Lumen secured $1 billion in new Private Connectivity Fabric deals, bringing the total deal value to over $10 billion [5]. - The company is scaling its NaaS platform and launching IoD offnet innovation [5]. - CEO Kate Johnson emphasized the company's disciplined execution and bold ambition in advancing its transformation agenda [4].