Lumen has been seeing a growing need for its high-capacity fiber, which enables secure digital connections for data centers supporting AI ventures. The...
- Telecommunications firm Lumen Technologies raised estimates for annual free cash flow on Tuesday, betting on AI-driven demand to drive growth across its connectivity solutions .
On Monday, the company said it had signed deals worth $5 billion with cloud and tech customers including Microsoft and is currently in talks with clients to secure additional contracts worth $7 billion.Lumen's stock, which had declined about 65% in 2023, has rebounded and is now up 41% this year following a deal signed in January with a group of lenders that extended its debt maturities to at least 2029.
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Lumen Technologies Connectivity Solutions Digital Connections Estimates
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