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The telecom-turned-technology-provider wants to grow by building the backbone for AI and in the process has been offloading its nonprofitable business units. Telecom giant AT&T is in talks to buy ...

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According to today's report, AT&T could buy Lumen's consumer fiber business for roughly $5.5 billion. While a sale could generate a significant amount of cash for the debt-laden Lumen, there are good ...

Sources told Reuters that Lumen is working with investment bankers at Goldman Sachs over a potential deal, while a joint venture could also be explored. A sale will help the company reduce its debt, ...

Lumen (LUMN) Technologies has initiated a process to sell its consumer fiber business, as the company eyes phasing out its legacy mass markets business and cutting its large debt pile, Reuters’ Milana ...

US network operator Lumen Technologies is focused on its growth potential in the enterprise services market It has been looking to sell its Mass Markets division since late last year Reports suggest ...

Lumen aims to reduce debt by selling consumer fiber unit Potential acquirers include industry rivals, sources say Lumen's AI contracts boost share price, market value at $6.2-billion The move to ...

:Lumen Technologies has kicked off a process to sell its consumer fiber operations, as the telecommunications company looks to phase out its legacy mass markets business and reduce its sizable debt ...