US Market News
3週前
Lumen Technologies, Inc. and Qwest Corporation Announce Expiration and Final Results of Exchange Offers and Consent SolicitationsJune 10, 2026 8:45 AM
Business Wire Lumen Technologies, Inc. (“Lumen,” “us,” “we” or “our”) (NYSE: LUMN) today announced, together with Qwest Corporation, its wholly-owned subsidiary (“Qwest”), the expiration and final results of the previously announced offers (the “Exchange Offers”) by Qwest to exchange the outstanding notes described below, in each case subject to certain terms and conditions set forth in the Registration Statement on Form S-4, including a prospectus and consent solicitation statement forming a part thereof (as amended or supplemented from time to time, the “Prospectus”). Capitalized terms used and not defined in this press release have the meanings given to them in the Prospectus. In connection with the Exchange Offers, Qwest and Lumen also solicited consents to amend the Old Qwest Indentures (as defined below) (the “Consent Solicitations”). The Exchange Offers and the Consent Solicitations expired at 5:00 p.m. ET on June 9, 2026 (the “Expiration Date”). The notes offered to be exchanged in the Exchange Offers were Qwest’s (1) 6.5% Notes due 2056 (CUSIP Number 74913G 881) (the “2056 Notes”) and (2) 6.75% Notes due 2057 (CUSIP Number 74913G 873) (the “2057 Notes” and, together with the 2056 Notes, the “Old Qwest Notes”), in exchange for (1) 6.500% Notes due 2051 (the “New 6.500% 2051 Notes”) and (2) 6.750% Notes due 2052 (the “New 6.750% 2052 Notes” and, together with the New 6.500% 2051 Notes, the “New Qwest Notes”), to be issued by Qwest and fully and unconditionally guaranteed on an unsecured basis by Lumen. The Expiration Date has passed for the Old Qwest Notes tendered pursuant to the Exchange Offers and such tenders may no longer be withdrawn. The table below provides the aggregate principal amount of validly tendered Old Qwest Notes that Qwest accepted for exchange as of the Expiration Date, as well as the aggregate principal amount of New Qwest Notes to be issued and the total amount of cash to be paid, in connection with the Exchange Offers and the Consent Solicitations: Series of Old Qwest Notes
Aggregate Principal
Amount Outstanding
prior to the Exchange
Offers Principal
Amount of the New Notes to Be
Issued Total Cash Amount to be Paid for Consent
Fee(2) CUSIP No. (1) Series of New Qwest
Notes(1) Principal Amount
Tendered and Accepted for
Exchange Cash 6.5% Notes due
2056 74913G 881 $977,500,000 Option 1: New 6.500% 2051 Notes, $25 denominations Option 1: $515,297,925 Option 1: $ 515,297,925 $2,079,823.56 or Option 2: New 6.500% 2051 Notes, $1 denominations Option 2: $ 316,631,500 Option 2: $ 316,631,500 6.75% Notes due
2057 74913G 873 $660,000,000 Option 1: 6.750% Notes due 2052, $25 denominations Option 1: $ 381,528,000 Option 1: $ 381,528,000 $1,379,796.63 or Option 2: New 6.500% 2051 Notes, $1 denominations Option 2: $ 170,390,650 Option 2: $ 170,390,650 (1) The New 6.500% 2051 Notes will be issued under separate global notes (at least one global note for each denomination) having separate CUSIP numbers but otherwise constituting the same series for voting purposes, and issued under the same supplemental indenture.
(2) Consideration in the form of a cash payment of $0.0625 per $25 principal amount of the Old Qwest Notes for consents to the proposed amendments to the applicable Old Qwest Indenture under which such series of Old Qwest Notes were issued that are validly delivered prior to the Expiration Date and not validly withdrawn. The interest rate, interest payment dates, and redemption prices of the New 6.500% 2051 Notes and the New 6.750% 2052 Notes to be issued by Qwest in the Exchange Offers will be the same as the 2056 Notes and the 2057 Notes, respectively. The New Qwest Notes (i) are senior unsecured obligations of Qwest, will rank senior to obligations to make payments under any of Qwest’s existing and future subordinated debt, and rank equally in right of payment with Qwest’s obligations to make payments under all of Qwest’s existing and future unsecured and unsubordinated debt; (ii) are effectively subordinated in right of payment to any of Qwest’s existing and future secured indebtedness to the extent of the value of the assets securing any such indebtedness; and (iii) are fully and unconditionally guaranteed on an unsecured basis by Lumen. The New Qwest Notes issued in exchange for any Old Qwest Notes that were validly tendered on or before the Expiration Date and accepted for exchange are expected to be delivered by Qwest on June 11, 2026 (the “Settlement Date”). No tenders will be valid if submitted after the Expiration Date. In conjunction with the Exchange Offers, Qwest and Lumen solicited consents from holders of each series of the Old Qwest Notes (“Consents”) to certain proposed amendments (the “Proposed Amendments”) to the indentures governing the Old Qwest Notes (the “Old Qwest Indentures”). Holders of Old Qwest Notes that tendered such Old Qwest Notes were deemed to have given Consent to the Proposed Amendments with respect to the Old Qwest Notes. To adopt the Proposed Amendments related to a series of Old Qwest Notes, Qwest was required to receive Consents from holders representing at least a majority of the outstanding aggregate principal amount of such series of Old Qwest Notes (the “Requisite Consents”). As of the Expiration Date, Qwest has received the Requisite Consents with respect to both series of Old Qwest Notes. Accordingly, Qwest will enter into a supplemental indenture with the trustee for the applicable series of Old Qwest Notes to effect the Proposed Amendments, and such supplemental indenture will become effective on the Settlement Date. As previously announced, as part of Qwest simplifying its reporting obligations, Qwest has de-listed the Old Qwest Notes from the NYSE and expects to de-register the Old Qwest Notes promptly following the Settlement Date and thereafter cease filing reports with the SEC under the Exchange Act, in reliance on Rule 12h-5 under the Exchange Act, subject to Lumen’s periodic reports containing the disclosures required by Rule 13-01 of Regulation S-X. In connection with the Exchange Offers and Consent Solicitations, Lumen and Qwest retained Morgan Stanley & Co. LLC to act as lead dealer manager and D.F. King & Co., Inc. to act as the information agent and exchange agent for the Exchange Offers and Consent Solicitations. Requests for copies of the Prospectus or any other documents related to the Exchange Offers and Consent Solicitations can be directed to D.F. King & Co., Inc. at (800) 755-3105 (for information U.S. Toll-free) or (212) 257-2075 (information for banks and brokers). Questions regarding the terms and conditions of the Exchange Offers and Consent Solicitations should be directed to Morgan Stanley & Co. LLC, at Morgan Stanley & Co. LLC, 1585 Broadway, New York, New York 10036, Attention: Global Debt Advisory Group, Collect: (212) 761-1057, Toll Free: (800) 624-1808, Email: lmny@morganstanley.com. This press release is for informational purposes only and is not an offer to buy or sell or the solicitation of an offer to sell with respect to any securities. The Exchange Offers were made only pursuant to the terms of the Prospectus. About Lumen Technologies Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies, Inc. in the United States. Forward-Looking Statements Except for historical and factual information, the matters set forth in this release and other of our oral or written statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” and similar expressions are forward-looking statements. These forward-looking statements are not guarantees of future results and are based on current expectations only, are inherently speculative, and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in those statements if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. Factors that could affect actual results include, but are not limited to: failure of the conditions set forth in the Prospectus to be satisfied or waived; the possibility that potential debt investors will not be receptive to the Exchange Offers or Consent Solicitations on the terms described above or at all; corporate developments that could preclude, impair or delay the above-described transactions due to restrictions under the federal securities laws; changes in Qwest or Lumen’s credit ratings; changes in the cash requirements, financial position, financing plans or investment plans of Qwest or Lumen or their respective affiliates; changes in general market, economic, tax, regulatory or industry conditions that impact the ability or willingness of Qwest or Lumen or their respective affiliates to consummate the above-described transactions on the terms described above or at all; and other risks referenced from time to time in the filings of Lumen or Qwest with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, whether as a result of new information, future events or developments, changed circumstances, or otherwise. We may change our intentions, strategies or plans (including our plans expressed herein) without notice at any time and for any reason. View source version on businesswire.com: https://www.businesswire.com/news/home/20260610438702/en/ Media Contact:
Anita J. Gomes
US Market News
1月前
Lumen Technologies, Inc. and Qwest Corporation Announce Entry into Support Agreement with Certain Noteholders and Amendment to Previously Announced Exchange OffersMay 20, 2026 4:38 PM
Business Wire Lumen Technologies, Inc. (“Lumen,” “us,” “we” or “our”) (NYSE: LUMN) announced today that it, together with Qwest Corporation (“Qwest”), its wholly-owned subsidiary, has entered into a Support Agreement, dated May 18, 2026 (the "Support Agreement"), with certain holders (together, the "Supporting Noteholders") of the Old Qwest Notes (as defined below) with respect to its previously announced exchange offers (as amended as set forth in this press release, the "Exchange Offers") to exchange Qwest's outstanding 6.5% Notes due 2056 (the "Existing 2056 Notes") and 6.75% Notes due 2057 (the "Existing 2057 Notes", and collectively with the Existing 2056 Notes, the "Old Qwest Notes") for new notes to be issued by Qwest pursuant to the terms and conditions set forth in the Post-Effective Amendment (as defined below) to the Registration Statement on Form S-4, including a preliminary prospectus and consent solicitation statement forming a part thereof, dated May 20, 2026 (collectively, the "Preliminary Prospectus"). Lumen has also announced today that it, together with Qwest, has amended the terms of its previously announced Exchange Offers. In connection with the Exchange Offers, Qwest and Lumen are also soliciting consents from holders of each series of the Old Qwest Notes to certain proposed amendments to the indentures governing the Old Qwest Notes (the “Consent Solicitations”). Support Agreement Pursuant to the Support Agreement, the Supporting Noteholders have agreed to tender an aggregate principal amount of approximately $456 million of Old Qwest Notes in the Exchange Offers on the terms set forth in the Exchange Offers, consisting of approximately $296.5 million of Existing 2056 Notes and $159.5 million of Existing 2057 Notes, no later than 5:00 p.m., Eastern Time, on June 2, 2026. In exchange, the Supporting Noteholders will receive newly issued 6.500% Notes due 2051 (the “New 6.500% 2051 Notes”) or 6.750% Notes due 2052 (the “New 6.750% 2052 Notes,” together with the New 6.500% 2051 Notes, the “New Qwest Notes”), as applicable, by Qwest, on a par-for-par basis, to be fully and unconditionally guaranteed on an unsecured basis by Lumen. On or promptly following the date of the Support Agreement, Qwest and Lumen have agreed to file a post-effective amendment to the Registration Statement on Form S-4 with the U.S. Securities and Exchange Commission reflecting certain modified terms of the Exchange Offers and the New Qwest Notes. The obligations of each party under the Support Agreement will terminate automatically and without any further action by any party upon the earliest to occur of: (a) with respect to any Supporting Noteholder, the mutual written consent of Qwest and such Supporting Noteholder, (b) our public announcement of the termination of the Exchange Offers without the consummation thereof, (c) the occurrence of any Adverse Change (as defined in the Support Agreement), (d) either Lumen or Qwest commences, announces an intention to commence, or supports any exchange, consent solicitation, recapitalization, refinancing, amendment, waiver or other transaction with respect to the Old Qwest Notes that is inconsistent with the Support Agreement or that would reasonably be expected to impair the rights of any Supporting Noteholders, (e) any representation or warranty of Lumen or Qwest in the Support Agreement shall have been untrue or inaccurate in any material respect, or Lumen or Qwest shall have breached any covenant or obligation under the Support Agreement, (f) the consummation and settlement of the Exchange Offers in accordance with the terms thereof, and (g) 5:00 p.m., New York City time, on June 30, 2026. Post-Effective Amendment Qwest has amended the terms of its previously announced Exchange Offers via a post-effective amendment (the “Post-Effective Amendment”) to the Registration Statement on Form S-4. Pursuant to the amended terms of the Exchange Offers, Qwest is offering to exchange (i) any and all of the Existing 2056 Notes for New 6.500% 2051 Notes, and (ii) any and all of the Existing 2057 Notes for New 6.750% 2052 Notes or New 6.500% 2051 Notes, in each case upon the terms and subject to the conditions set forth in the Preliminary Prospectus. In connection with the amended terms, Qwest has eliminated the early tender participation date and extended the expiration date (as amended, the “Expiration Date”) and the withdrawal deadline (as amended, the “Withdrawal Deadline”) of each of the Exchange Offers to 5 p.m. ET on June 9, 2026. Lumen and Qwest have filed the Post-Effective Amendment to the Registration Statement on Form S-4 relating to the Exchange Offers with the Securities and Exchange Commission (the “SEC”). The Post-Effective Amendment to the Registration Statement on Form S-4 has not yet become effective and the New Qwest Notes may not be issued, nor may the Exchange Offers be consummated, prior to the time that the Post-Effective Amendment becomes effective. The proposed Exchange Offers and Consent Solicitations will be made only by means of a prospectus. Copies of the Preliminary Prospectus pursuant to which the Exchange Offers and Consent Solicitations are being made may be obtained from D.F. King & Co., Inc., the information agent and exchange agent for the Exchange Offers and Consent Solicitations. Requests for documentation and questions regarding procedures for tendering the Old Qwest Notes can be directed to D.F. King & Co., Inc. at (800) 755-3105 (for information U.S. Toll-free) or (212) 257-2075 (information for banks and brokers). Questions regarding the terms and conditions of the Exchange Offers and Consent Solicitations should be directed to the dealer manager, Morgan Stanley & Co. LLC, at Morgan Stanley & Co. LLC, 1585 Broadway, New York, New York 10036, Attention: Global Debt Advisory Group, Collect: (212) 761-1057, Toll Free: (800) 624-1808, Email: lmny@morganstanley.com. The consummation of each Exchange Offer and Consent Solicitation is subject to, and conditioned upon, the satisfaction or, where permitted, waiver of certain conditions, including, among other things, (i) the Registration Statement having been declared effective by the SEC and not being subject to a stop order by the SEC and (ii) the absence of any actual or threatened legal impediment to the acceptance for exchange of, or exchange of, the Old Qwest Notes. A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release is for informational purposes only and is not an offer to buy or sell or the solicitation of an offer to sell with respect to any securities. The solicitation of offers to exchange the Old Qwest Notes for New Qwest Notes is only being made pursuant to the terms of the Exchange Offers. Qwest is not making an offer of New Qwest Notes in any jurisdiction where the Exchange Offers are not permitted, and this press release does not constitute an offer to participate in the Exchange Offers to any person in any jurisdiction where it is unlawful to make such an offer or solicitations. Holders of the Old Qwest Notes are urged to carefully read the Preliminary Prospectus, the Registration Statement and the prospectus, when available, before making any decision with respect to the Exchange Offers and Consent Solicitations. None of Lumen, Qwest, the dealer managers, the trustee with respect to any series of Old Qwest Notes, the trustee with respect to any series of New Qwest Notes, the information agent and exchange agent for the Exchange Offers or any affiliate of any of them makes any recommendation as to whether holders of the Old Qwest Notes should exchange their Old Qwest Notes for New Qwest Notes in the Exchange Offers or deliver consents to the Proposed Amendments (as defined in the Preliminary Prospectus), and no one has been authorized by any of them to make such a recommendation. Holders of the Old Qwest Notes must make their own decision as to whether to tender Old Qwest Notes and, if so, the principal amount of Old Qwest Notes to tender. About Lumen Technologies Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies, Inc. in the United States. Forward-Looking Statements Except for historical and factual information, the matters set forth in this release and other of our oral or written statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” and similar expressions are forward-looking statements. These forward-looking statements are not guarantees of future results and are based on current expectations only, are inherently speculative, and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in those statements if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. Factors that could affect actual results include, but are not limited to: failure of the conditions set forth in the Registration Statement to be satisfied or waived; the possibility that potential debt investors will not be receptive to the Exchange Offers or Consent Solicitations on the terms described above or at all; corporate developments that could preclude, impair or delay the above-described transactions due to restrictions under the federal securities laws; changes in Qwest or Lumen’s credit ratings; changes in the cash requirements, financial position, financing plans or investment plans of Qwest or Lumen or their respective affiliates; changes in general market, economic, tax, regulatory or industry conditions that impact the ability or willingness of Qwest or Lumen or their respective affiliates to consummate the above-described transactions on the terms described above or at all; and other risks referenced from time to time in the filings of Lumen or Qwest with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, whether as a result of new information, future events or developments, changed circumstances, or otherwise. We may change our intentions, strategies or plans (including our plans expressed herein) without notice at any time and for any reason. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520424756/en/ Media Contact:
Anita J. Gomes
US Market News
2月前
Lumen Technologies, Inc. Announces Pricing of its 7.500% Senior Notes Due 2037May 6, 2026 5:09 PM
Business Wire Lumen Technologies, Inc. (“Lumen,” “us,” “we” or “our”) (NYSE: LUMN) today announced that its wholly-owned subsidiary, Level 3 Financing, Inc. (“Level 3 Financing”), has agreed to sell $1 billion aggregate principal amount of its 7.500% Senior Notes due 2037 (the “Notes”). The Notes were priced to investors at a price of 100.000% of their aggregate principal amount and will mature on February 15, 2037. Upon issuance, the Notes will be fully and unconditionally guaranteed, jointly and severally, on an unsubordinated and unsecured basis by Level 3 Parent, LLC, the direct parent of Level 3 Financing, and certain unregulated subsidiaries of Level 3 Financing. Level 3 Financing intends to use a portion of the net proceeds from this offering to fund the purchase of its, Lumen’s and Qwest Capital Funding’s (“QCF”) unsecured notes (collectively, the “Existing Group Tender Notes”) pursuant to a concurrent cash tender offer by Level 3 Financing, Lumen, and QCF to purchase their respective series of Existing Group Tender Notes pursuant to and on the terms and subject to the conditions set forth in an offer to purchase dated May 6, 2026 (the “Statement”) and to pay related fees and expenses. To the extent not applied to purchase the Existing Group Tender Notes in the Tender Offers and to pay related fees and expenses, Level 3 Financing intends to use the net proceeds for general corporate purposes. The offering of the Notes is expected to be completed on May 21, 2026, subject to the satisfaction or waiver of customary closing conditions. The Notes will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws in the United States and may not be offered or sold in the United States absent registration or an exemption from the applicable registration requirements. Accordingly, the Notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A promulgated under the Securities Act and to non-U.S. persons outside the United States in accordance with Regulation S promulgated under the Securities Act. The Notes will not have registration rights. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, the Notes, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release does not constitute an offer to buy or the solicitation of an offer to sell any Existing Group Tender Notes, nor will there be any purchase of Existing Group Tender Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Lumen Technologies Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies, Inc. in the United States. Level 3 Financing, Inc. and Qwest Capital Funding, Inc. are wholly owned affiliates of Lumen Technologies, Inc. Forward-Looking Statements Except for historical and factual information, the matters set forth in this release and other of our oral or written statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” and similar expressions are forward-looking statements. These forward-looking statements are not guarantees of future results and are based on current expectations only, are inherently speculative, and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in those statements if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. Factors that could affect actual results include, but are not limited to: failure to satisfy or waive the conditions to consummation of the Notes offering or the conditions set forth in the Statement; corporate developments that could preclude, impair or delay the above-described transactions due to restrictions under the federal securities laws; changes in Level 3 Financing’s credit ratings; changes in the cash requirements, financial position, financing plans or investment plans of Level 3 Financing or its affiliates; changes in general market, economic, tax, regulatory or industry conditions that impact the ability or willingness of Level 3 Financing, Lumen, or QCF to consummate the above-described transactions on the terms described above or at all; and other risks referenced from time to time in the filings of Lumen or Level 3 Parent, LLC with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, whether as a result of new information, future events or developments, changed circumstances, or otherwise. We may change our intentions, strategies or plans (including our plans expressed herein) without notice at any time and for any reason. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506240196/en/ Media Contact:
Anita J. Gomes
US Market News
2月前
Lumen Technologies, Inc. Announces Offering of Senior Notes Due 2037 and Concurrent Tender OffersMay 6, 2026 8:29 AM
Business Wire Lumen Technologies, Inc. (“Lumen,” “us,” “we” or “our”) (NYSE: LUMN) today announced that its wholly-owned subsidiary, Level 3 Financing, Inc. (“Level 3 Financing”), plans to offer $1 billion aggregate principal amount of its Senior Notes due 2037 (the “Notes”) and together with Lumen and Qwest Capital Funding, Inc. (“QCF,” together with Level 3 Financing and Lumen, each an “Offeror”, and collectively, the “Offerors”), Lumen’s indirect and wholly-owned subsidiary, commence concurrent cash tender offers to purchase the outstanding notes described below (the “Tender Offers” and each, a “Tender Offer”). Level 3 Financing intends to use a portion of the net proceeds from this offering to fund the purchase of the Existing Group Tender Notes (as defined below) by the respective issuer of such Existing Group Tender Notes pursuant to concurrent Tender Offers and to pay related fees and expenses. To the extent not applied to purchase the Existing Group Tender Notes in the Tender Offers and pay related fees and expenses, Level 3 Financing intends to use the net proceeds from this offering for general corporate purposes. The Existing Group Tender Notes to be purchased in the Tender Offers, listed in the order of priority, are (i) Level 3 Financing’s outstanding 4.250% Senior Notes due 2028, 3.625% Senior Notes due 2029, 3.750% Sustainability-Linked Senior Notes due 2029, 3.875% Senior Secured Notes due 2029 (formerly secured), 4.875% Second Lien Notes due 2029 (formerly secured), 4.500% Second Lien Notes due 2030 (formerly secured), 3.875% Second Lien Notes due 2030 (formerly secured), and 4.000% Second Lien Notes due 2031 (formerly secured) (collectively, the “Level 3 Notes”), (ii) Lumen’s 6.875%, Debentures, Series G due 2028, 4.500% Senior Notes due 2029, and 5.375% Senior Notes due 2029 (collectively, the “Lumen Notes”), and (iii) QCF’s 6.875% Notes due 2028 (the “QCF Notes”, and together with the Level 3 Notes and the Lumen Notes, the “Existing Group Tender Notes”) up to an aggregate purchase price, excluding accrued and unpaid interest (“Accrued Interest”), of $750 million (the “Aggregate Purchase Price”). Level 3 Financing, Lumen, and QCF may, but is under no obligation to, increase the Aggregate Purchase Price (including based on the proceeds Level 3 Financing receives from the sale of the Notes). The terms and conditions of the Tender Offers are described in a separate Offer to Purchase dated May 6, 2026 (the “Statement”). The Tender Offers will expire at 5 p.m. ET on June 4, 2026 (the “Expiration Date”), unless extended, earlier expired or terminated. Holders of the Existing Group Tender Notes must validly tender and not validly withdraw their Existing Group Tender Notes at or prior to 5 p.m. ET on May 19, 2026 (the “Early Tender Deadline”) in order to be eligible to receive the applicable Total Consideration, which includes the applicable Early Tender Premium, as set forth in the table below. Holders who validly tender their Existing Group Tender Notes after the Early Tender Deadline and at or prior to the Expiration Date will be eligible to receive only the applicable tender consideration. The following table provides information with respect to the Existing Group Tender Notes to be purchased: Issuer and Offeror Series of Notes CUSIP Numbers(1) Aggregate
Principal Amount
Outstanding Acceptance
Priority
Level Tender
Consideration(2) Early
Tender
Premium Total
Consideration
(2)(3) Level 3 Financing, Inc. 4.250% Senior Notes
due 2028 527298 BR3/
U52783 AW4 $178,096,000 1 $963.75 $30.00 $993.75 Level 3 Financing, Inc. 3.625% Senior Notes
due 2029 527298 BS1/
U52783 AX2 $300,314,000 2 $947.50 $30.00 $977.50 Level 3 Financing, Inc. 3.750% Sustainability-
Linked Senior Notes
due 2029 527298 BT9/
U52783 AY0 $361,276,000 3 $942.50 $30.00 $972.50 Level 3 Financing, Inc. 3.875% Senior Secured
Notes due 2029
(formerly secured) 527298BQ5/
U52783AV6 $53,883,000 4 $935.00 $30.00 $965.00 Level 3 Financing, Inc. 4.875% Second Lien
Notes due 2029
(formerly secured) 527298CB7/
U52783BE3/
527298CC5 $9,706,000 5 $975.00 $30.00 $1,005.00 Level 3 Financing, Inc. 4.500% Second Lien
Notes due 2030
(formerly secured) 527298CD3/
U52783BF0/
527298CE1 $1,618,300 6 $930.00 $30.00 $960.00 Level 3 Financing, Inc. 3.875% Second Lien
Notes due 2030
(formerly secured) 527298CF8/
U52783BG8/
527298CG6 $20,048,400 7 $897.50 $30.00 $927.50 Level 3 Financing, Inc. 4.000% Second Lien
Notes due 2031
(formerly secured) 527298CH4/
U52783BH6/
527298CJ0 $20,385,000 8 $887.50 $30.00 $917.50 Lumen Technologies, Inc. 6.875% Debentures,
Series G, due 2028 156686AM9 $130,730,000 9 $995.00 $30.00 $1,025.00 Lumen Technologies, Inc. 4.500% Senior Notes
due 2029 156700 BD7/
U1566P AD7 $299,629,000 10 $950.00 $30.00 $980.00 Lumen Technologies, Inc. 5.375% Senior Notes
due 2029 550241AA1/
U54985AA1 $231,544,000 11 $960.00 $30.00 $990.00 Qwest Capital Funding, Inc. 6.875% Notes due 2028 912912AQ5 $49,582,000 12 $975.00 $30.00 $1,005.00 (1) No representation is made as to the correctness or accuracy of the CUSIP numbers listed above or printed on the Existing Group Tender Notes. They are provided solely for the convenience of holders of the Existing Group Tender Notes. (2) Per $1,000 principal amount of Existing Group Tender Notes validly tendered (and not validly withdrawn) and accepted for purchase by the applicable Offeror. Excludes Accrued Interest, which will be paid on Existing Group Tender Notes accepted for purchase by the applicable Offeror as described in the Statement. (3) Includes the Early Tender Premium for Notes validly tendered at or prior to the Early Tender Deadline (and not validly withdrawn) and accepted for purchase by the applicable Offeror. The Offerors have retained Wells Fargo Securities, LLC, to act as Lead Dealer Manager and Goldman Sachs & Co. LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC to act as Dealer Managers, and Citizens JMP Securities, LLC, RBC Capital Markets, LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. to act as Co-Dealer Managers (the “Dealer Managers”) and D.F. King & Co., Inc. to act as the information agent and the tender agent (in such capacity, the “Tender and Information Agent”) in connection with the Tender Offers. Requests for assistance or copies of the Statement or any other documents related to the Tender Offers may be directed to the Information and Tender Agent at the contact details set forth below. Questions in relation to the Tender Offers may be directed to the Dealer Managers and Tender and Information Agent at the addresses and telephone numbers set forth below. The Lead Dealer Manager Wells Fargo Securities, LLC
550 South Tryon Street, 5th Floor
Charlotte, North Carolina 28202
Attention: Liability Management Group
Collect: (866) 309-6316
Toll-Free: (704) 410-4235 The Tender and Information Agent D.F. King & Co., Inc.
28 Liberty Street, 53rd Floor
New York, New York 10005
Attn: Michael Horthman
Banks and Brokers Call: (212) 257-2075
All Others Call Toll Free: (800) 755-3105
Email: lumen@dfking.com The Notes will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) or any state securities laws in the United States and may not be offered or sold in the United States absent registration or an exemption from the applicable registration requirements. Accordingly, the Notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A promulgated under the Securities Act and to non-U.S. persons outside the United States in accordance with Regulation S promulgated under the Securities Act. The Notes will not have registration rights. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, the Notes, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release does not constitute an offer to buy or the solicitation of an offer to sell any Existing Group Tender Notes, nor will there be any purchase of Existing Group Tender Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Lumen Technologies Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies, Inc. in the United States. Level 3 Financing, Inc. and Qwest Capital Funding, Inc. are wholly owned affiliates of Lumen Technologies, Inc. Forward-Looking Statements Except for historical and factual information, the matters set forth in this release and other of our oral or written statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” and similar expressions are forward-looking statements. These forward-looking statements are not guarantees of future results and are based on current expectations only, are inherently speculative, and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in those statements if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. Factors that could affect actual results include, but are not limited to: failure of the conditions set forth in the Statement to be satisfied or waived; the possibility that potential debt investors will not be receptive to the offering on the terms described above or at all; corporate developments that could preclude, impair or delay the above-described transactions due to restrictions under the federal securities laws; changes in Level 3 Financing’s credit ratings; changes in the cash requirements, financial position, financing plans or investment plans of Level 3 Financing or its affiliates; changes in general market, economic, tax, regulatory or industry conditions that impact the ability or willingness of Level 3 Financing, Lumen, QCF or their respective affiliates to consummate the above-described transactions on the terms described above or at all; and other risks referenced from time to time in the filings of Lumen or Level 3 Parent, LLC with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, whether as a result of new information, future events or developments, changed circumstances, or otherwise. We may change our intentions, strategies or plans (including our plans expressed herein) without notice at any time and for any reason. View source version on businesswire.com: https://www.businesswire.com/news/home/20260505792312/en/ Media Contact:
Anita J. Gomes
US Market News
2月前
Lumen Technologies, Inc. and Qwest Corporation Announce Commencement of Exchange Offers and Consent Solicitations and Intention to Delist NotesApril 20, 2026 9:05 AM
Business Wire
Lumen Technologies, Inc. (“Lumen,” “us,” “we” or “our”) (NYSE: LUMN) today announced that it, together with Qwest Corporation (“Qwest”), its wholly-owned subsidiary, has commenced offers to exchange (the “Exchange Offers”) the 6.5% Notes due 2056 (CUSIP Number 74913G 881) (the “2056 Notes”) and 6.75% Notes due 2057 (CUSIP Number 74913G 873) (the “2057 Notes” and, together with the 2056 Notes, the “Old Qwest Notes”) issued by Qwest for 6.500% Notes due 2056 (the “New 2056 Notes”) and 6.750% Notes due 2057 (the “New 2057 Notes” and, together with the New 2056 Notes, the “New Qwest Notes”) to be issued by Qwest, respectively, and to be fully and unconditionally guaranteed on an unsecured basis by Lumen, in each case upon the terms and subject to the conditions set forth in the Prospectus (as defined below). In connection with the Exchange Offers, Qwest and Lumen are also soliciting consents to amend the Old Qwest Indentures (as defined below) (the “Consent Solicitations”). The following table sets forth the consideration to be offered to holders of each series of Old Qwest Notes in the Exchange Offers and the Consent Solicitations:
Aggregate
Principal
Amount
($mm)
Series of Notes
Issued by Qwest to
be Exchanged
(Collectively, the
“Old Qwest Notes”)
CUSIP No.
Series of Notes to be
Issued by Qwest
(Collectively, the
“New Qwest Notes”)
Exchange
Consideration(1)
Early
Participation
Premium(1)
Early
Consent
Fee(2)
Early
Exchange
Consideration(4)
New Qwest
Notes(3)
(principal
amount)
New Qwest
Notes(3)
(principal
amount)
Cash
New Qwest
Notes(3)
(principal
amount)
Cash
$977,500,000
6.5% Notes due
2056 (the “2056 Notes”)
74913G 881
6.500% Notes due
2056 (the “New 2056 Notes”)
$ 24.25
$ 0.75
$ 0.0625
$ 25
$ 0.0625
$660,000,000
6.75% Notes due
2057 (the “2057 Notes”)
74913G 873
6.750% Notes due
2057 (the “New 2057 Notes”)
$ 24.25
$ 0.75
$ 0.0625
$ 25
$ 0.0625
(1)
Consideration per $25 principal amount of Old Qwest Notes validly tendered, subject to any rounding as described in the Prospectus.
(2)
Consideration in the form of a cash payment of $0.0625 per $25 principal amount of the Old Qwest Notes for consents to the Proposed Amendments (as defined below) to the applicable Old Qwest Indenture under which such series of Old Qwest Notes were issued that are validly delivered prior to the Early Participation Date described below and not validly withdrawn.
(3)
The term “New Qwest Notes” in this column refers, in each case, to the series of New Qwest Notes corresponding to the series of Old Qwest Notes of like tenor and coupon.
(4)
Expressed per $25 principal amount of the Old Qwest Notes. Includes the applicable Early Participation Premium (as defined below) and the applicable Early Consent Fee (as defined below) for each series of Old Qwest Notes validly tendered prior to the Early Participation Date described below and not validly withdrawn.
Each New Qwest Note issued in exchange for an Old Qwest Note will have an interest rate and maturity that are the same as the interest rate and maturity of the tendered Old Qwest Note, as well as the same interest payment dates and redemption prices and will accrue interest from and including the most recent interest payment date of the tendered Old Qwest Note. Each of the Exchange Offers will expire immediately following 5 p.m. ET on May 26, 2026, as it may be extended as described in the Prospectus (the “Expiration Date”).
In exchange for each note (or unit) per $25 principal amount of Old Qwest Notes that is validly tendered prior to 5 p.m. ET on May 8, 2026, as it may be extended as described in the Prospectus (the “Early Participation Date”), and not validly withdrawn, holders will be eligible to receive the early exchange consideration set out in the table above (the “Early Exchange Consideration”), which in each case consists of (i) $25 principal amount of the corresponding New Qwest Notes (including the Early Participation Premiums set out in the table above (collectively, the “Early Participation Premium”), which consists of $0.75 principal amount of the corresponding New Qwest Notes and (ii) a cash payment of $0.0625 (an “Early Consent Fee”).
In exchange for each note (or unit) per $25 principal amount of the Old Qwest Notes that is validly tendered after the Early Participation Date but prior to the Expiration Date and not validly withdrawn, holders will be eligible to receive only the exchange consideration set out in the table above (the “Exchange Consideration”), which is equal to the Early Exchange Consideration less the Early Participation Premium and less the Early Consent Fee, and so consists of $24.25 principal amount of the New Qwest Notes.
Qwest will pay the Early Consent Fee on the Settlement Date (as defined in the Prospectus). Holders of Old Qwest Notes for which no consent is delivered prior to the Early Participation Date (or Old Qwest Notes for which a valid consent is delivered, but such consent is revoked prior to the Early Participation Date) will not receive any Early Consent Fee, even though the Proposed Amendments to the Old Qwest Indentures, if they become operative, will bind all holders of the applicable series of Old Qwest Notes, including any transferees of current holders. Other than the Early Participation Premium and the Early Consent Fee given to holders who validly tender (and do not validly withdraw) their Old Qwest Notes prior to the Early Participation Date, no payment will be made for a holder’s consent to the Proposed Amendments to the Old Qwest Indentures.
Tenders of Old Qwest Notes in connection with any of the Exchange Offers may be withdrawn and consents to the Proposed Amendments may be revoked at any time prior to 5 p.m. ET on May 8, 2026, as it may be extended as described in the Prospectus (the “Withdrawal Deadline”), but may not be withdrawn or revoked at any time thereafter. Consents may be revoked prior to the Withdrawal Deadline only by validly withdrawing the associated tendered Old Qwest Notes. A valid withdrawal of tendered Old Qwest Notes prior to the Withdrawal Deadline will be deemed to be a concurrent revocation of the related consent to the Proposed Amendments to the relevant Old Qwest Indenture, and a revocation of a consent to the Proposed Amendments prior to the Withdrawal Deadline will be deemed to be a concurrent withdrawal of the related tendered Old Qwest Notes. Following the Withdrawal Deadline, tenders of Old Qwest Notes may not be validly withdrawn and consents may not be revoked unless Qwest elects in its sole discretion to amend the Exchange Offers and Consent Solicitations to allow such actions or Qwest is otherwise required by law to permit withdrawal. To the extent Qwest elects to allow additional withdrawal rights after the Withdrawal Deadline, Qwest may elect do so without also allowing additional consent revocation rights.
Qwest will pay a soliciting dealer fee of $0.03 for each note (or unit) per $25 principal amount of the Old Qwest Notes that are validly tendered prior to the Expiration Date and not validly withdrawn to retail brokers that are appropriately designated by their tendering holder clients to receive this fee, provided that such fee will only be paid with respect to tenders by holders whose aggregate principal amount of the Old Qwest Notes is $250,000 or less.
In conjunction with the Exchange Offers, Qwest is soliciting consents from holders of each series of the Old Qwest Notes (“Consents”) to certain proposed amendments (the “Proposed Amendments”) to the indentures governing the Old Qwest Notes (the “Old Qwest Indentures”). Holders of Old Qwest Notes that tender such Old Qwest Notes will be deemed to have given Consent to the Proposed Amendments with respect to the Old Qwest Notes. To adopt the Proposed Amendments related to a series of Old Qwest Notes, Qwest must receive Consents from holders representing at least a majority of the outstanding aggregate principal amount of such series of Old Qwest Notes (the “Requisite Consents”). Receipt of the Requisite Consents is not a condition to the consummation of the Exchange Offers.
If the Requisite Consents are received with respect to any series of Old Qwest Notes, assuming the satisfaction or waiver of the conditions to the Exchange Offer described in the Prospectus, a supplemental indenture, giving effect to the Proposed Amendments with respect to the applicable series of Old Qwest Notes, will be executed and become effective on the Settlement Date. Consents to the Proposed Amendments may be revoked at any time prior to the Withdrawal Deadline, but may not be revoked at any time thereafter. Consents may be revoked only by validly withdrawing the associated tendered Old Qwest Notes prior to the Withdrawal Deadline. A valid withdrawal of tendered Old Qwest Notes prior to the Withdrawal Deadline will be deemed to be a concurrent revocation of the related consent to the Proposed Amendments, and a revocation of a consent to the Proposed Amendments prior to the Withdrawal Deadline will be deemed to be a concurrent withdrawal of the related tendered Old Qwest Notes.
Each New Qwest Note issued in exchange for an Old Qwest Note will have an interest rate and maturity that are the same as the interest rate and maturity of the tendered Old Qwest Note, as well as the same interest payment dates and redemption prices. The New Qwest Notes (i) will be senior unsecured obligations of Qwest, will rank senior to obligations to make payments under any of Qwest’s existing and future subordinated debt, and will rank equally in right of payment with Qwest’s obligations to make payments under all of Qwest’s existing and future unsecured and unsubordinated debt; (ii) will be effectively subordinated in right of payment to any of Qwest’s existing and future secured indebtedness to the extent of the value of the assets securing any such indebtedness; and (iii) will be fully and unconditionally guaranteed on an unsecured basis by Lumen.
Lumen has applied to list the New Qwest Notes on the New York Stock Exchange (“NYSE”). If the application is approved, we expect trading in the New Qwest Notes on the NYSE to begin on the original issue date or promptly thereafter.
As part of Qwest simplifying its reporting obligations, Qwest intends to de-list the Old Qwest Notes from the NYSE, de-register the Old Qwest Notes and cease filing reports with the SEC under the Exchange Act, in reliance on Rule 12h-5 under the Exchange Act, subject to Lumen’s periodic reports containing the disclosures required by Rule 13-01 of Regulation S-X. As such, Lumen has also announced its intention to voluntarily delist from the NYSE the Old Qwest Notes and its intention to file a Notification of Removal from Listing on Form 25 on or about April 30, 2026 (the “Form 25”) with the US Securities and Exchange Commission (the “SEC”). As a result, Lumen expects the delisting of the Old Qwest Notes to become effective on or about May 11, 2026, from which time the Old Qwest Notes will no longer be listed on the NYSE.
The description above includes only a summary of certain key terms of the Exchange Offers, Consent Solicitations and the New Qwest Notes. A Registration Statement on Form S-4, including a prospectus and consent solicitation statement forming a part thereof (the “Prospectus”), which is subject to change, relating to the issuance of the New Qwest Notes has been filed with the SEC (the “Registration Statement”). If and when issued, the New Qwest Notes will be registered under the Securities Act of 1933, as amended.
Copies of the Prospectus pursuant to which the Exchange Offers and Consent Solicitations are being made may be obtained from D.F. King & Co., Inc., the information agent and exchange agent for the Exchange Offers and Consent Solicitations. Requests for documentation and questions regarding procedures for tendering the Old Qwest Notes can be directed to D.F. King & Co., Inc. at (800) 755-3105 (for information U.S. Toll-free) or (212) 257-2075 (information for banks and brokers). Questions regarding the terms and conditions of the Exchange Offers and Consent Solicitations should be directed to the dealer manager, Morgan Stanley & Co. LLC, at Morgan Stanley & Co. LLC, 1585 Broadway, New York, New York 10036, Attention: Global Debt Advisory Group, Collect: (212) 761-1057, Toll Free: (800) 624-1808, Email: lmny@morganstanley.com.
The consummation of each Exchange Offer and Consent Solicitation is subject to, and conditioned upon, the satisfaction or, where permitted, waiver of certain conditions, including, among other things, (i) the Registration Statement having been declared effective by the SEC and not being subject to a stop order by the SEC and (ii) the absence of any actual or threatened legal impediment to the acceptance for exchange of, or exchange of, the Old Qwest Notes.
The Exchange Offers and Consent Solicitations are being made only by and pursuant to the terms and subject to the conditions set forth in the Prospectus, which forms a part of the Registration Statement, and the information in this press release is qualified by reference to such Prospectus and the Registration Statement.
This press release is for informational purposes only and is not an offer to buy or sell or the solicitation of an offer to sell with respect to any securities. The solicitation of offers to exchange the Old Qwest Notes for New Qwest Notes is only being made pursuant to the terms of the Exchange Offers. Qwest is not making an offer of New Qwest Notes in any jurisdiction where the Exchange Offers are not permitted, and this press release does not constitute an offer to participate in the Exchange Offers to any person in any jurisdiction where it is unlawful to make such an offer or solicitations.
Holders of the Old Qwest Notes are urged to carefully read the Prospectus before making any decision with respect to the Exchange Offers and Consent Solicitations. None of Lumen, Qwest, the dealer managers, the trustee with respect to any series of Old Qwest Notes, the trustee with respect to any series of New Qwest Notes, the information agent and exchange agent for the Exchange Offers or any affiliate of any of them makes any recommendation as to whether holders of the Old Qwest Notes should exchange their Old Qwest Notes for New Qwest Notes in the Exchange Offers or deliver consents to the Proposed Amendments, and no one has been authorized by any of them to make such a recommendation.
Holders of the Old Qwest Notes must make their own decision as to whether to tender Old Qwest Notes and, if so, the principal amount of Old Qwest Notes to tender.
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies, Inc. in the United States.
Forward-Looking Statements
Except for historical and factual information, the matters set forth in this release and other of our oral or written statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” and similar expressions are forward-looking statements. These forward-looking statements are not guarantees of future results and are based on current expectations only, are inherently speculative, and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in those statements if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. Factors that could affect actual results include, but are not limited to: failure of the conditions set forth in the Registration Statement to be satisfied or waived; the possibility that potential debt investors will not be receptive to the Exchange Offers or Consent Solicitations on the terms described above or at all; corporate developments that could preclude, impair or delay the above-described transactions due to restrictions under the federal securities laws; changes in Qwest or Lumen’s credit ratings; changes in the cash requirements, financial position, financing plans or investment plans of Qwest or Lumen or their respective affiliates; changes in general market, economic, tax, regulatory or industry conditions that impact the ability or willingness of Qwest or Lumen or their respective affiliates to consummate the above-described transactions on the terms described above or at all; and other risks referenced from time to time in the filings of Lumen or Qwest with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, whether as a result of new information, future events or developments, changed circumstances, or otherwise. We may change our intentions, strategies or plans (including our plans expressed herein) without notice at any time and for any reason.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260419795716/en/
Media Contact:
Anita J. Gomes
Anita.Gomes@lumen.com
+1 858-229-8538
Investor Contact:
Jim Breen, CFA
Investor.relations@lumen.com
+1 603-404-7003
Original: Lumen Technologies, Inc. and Qwest Corporation Announce Commencement of Exchange Offers and Consent Solicitations and Intention to Delist Notes
US Market News
3月前
Lumen Technologies Announces New Chief Legal OfficerApril 17, 2026 8:30 AM
Business Wire
Jennifer Hodges, SVP of Corporate Governance, Securities, Transactions and Litigation, Named Executive Vice President and Chief Legal Officer; Jeff Sharritts, EVP, Chief Revenue Officer, to Assume Public Sector Responsibilities
Lumen Technologies (NYSE: LUMN) announced today that Executive Vice President and Chief Legal Officer & Head of Public Sector Mark Hacker will retire to pursue a vocation in ministry, entering formation for the diaconate. Jennifer Hodges, currently serving as Senior Vice President of Corporate Governance, Securities, Transactions and Litigation, has been named Executive Vice President and Chief Legal Officer. Additionally, Executive Vice President and Chief Revenue Officer Jeff Sharritts will take on Public Sector responsibilities. These leadership changes will take effect on April 20, with Hacker supporting the transition through May 15, 2026.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260417709099/en/Jennifer Hodges, Executive Vice President and Chief Legal Officer, Lumen.
Hacker has served as Lumen’s Chief Legal Officer since 2025, leading the company’s Legal and Public Policy organizations while overseeing legal strategy, corporate governance, regulatory compliance, government affairs, and ethics. In October 2025, he assumed additional leadership responsibilities for Lumen’s Public Sector business. Hacker has been instrumental in guiding Lumen through a period of substantial transformation.
“On behalf of the entire Lumen team, I want to thank Mark for his leadership, integrity, and partnership during an important chapter in our company’s evolution,” said Kate Johnson, CEO of Lumen Technologies. “We are deeply grateful for his contributions and wish him the very best as he begins this next chapter in ministry.”
Johnson added, “I am excited to partner even more closely with Jennifer as she steps into the role of Chief Legal Officer. She brings deep expertise, sound judgment, and a strong understanding of our business and governance priorities, and she will be a tremendous asset as we continue to execute our strategy.”
Prior to joining Lumen, Jennifer served as a Managing Director at Liberty Global, Inc., a Nasdaq-listed telecommunications company. Prior to that, she spent over 12 years at McDermott Will & Schulte LLP (formerly known as, McDermott Will & Emery LLP), where she advised U.S. and international clients on cross-border joint ventures, mergers and acquisitions, restructurings, and other corporate matters across a range of industries. She holds a J.D. from Boston University School of Law and a B.A. from the University of Colorado Boulder.
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly-owned affiliate of Lumen Technologies, Inc.
Forward Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding management’s expectations with respect to our business, senior leadership team, strategy and operations as well as statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” “will,” and similar expressions. These forward-looking statements are not promises nor guarantees of future results, are based on our current expectations only and are subject to various risks and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated in our other filings with the U.S. Securities and Exchange Commission from time to time. Actual results may differ materially from those anticipated by us in these statements due to several factors, including those referenced in our filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260417709099/en/
Media Contact:
Anita Gomes
Anita.Gomes@lumen.com
+1-858-229-8538
Investor Contact:
Jim Breen, CFA
Investor.Relations@lumen.com
+1 603-404-7003
Original: Lumen Technologies Announces New Chief Legal Officer
US Market News
3月前
AWS and Lumen Redefine Private Cloud Connectivity by Bringing Cloud and Network TogetherApril 15, 2026 8:35 AM
Business Wire
Lumen is the first partner to deliver network connectivity for AWS Interconnect – last mile, helping to simplify connectivity for enterprises
The way businesses connect to the cloud is changing in a major way. What once took multiple providers and weeks to set up is becoming a simple, software-driven experience. Lumen Technologies (NYSE: LUMN) today announced it is the first network provider to collaborate with AWS on AWS Interconnect – last mile using Lumen Cloud Interconnect, leveraging its last-mile and metro network infrastructure to simplify private connectivity between enterprise locations and AWS.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260415087899/en/AWS and Lumen simplify enterprise cloud connectivity with AWS Interconnect – last mile and Lumen Cloud Interconnect.
“Cloud and network infrastructure can no longer operate separately; modern applications demand they work as one,” said Jim Fowler, Chief Technology and Product Officer at Lumen Technologies. “Cloud providers are increasingly integrating connectivity as a cloud service, and Lumen’s network enables that seamless experience. Together with AWS, we’re simplifying how enterprises connect to the cloud, helping them reduce complexity, move faster and support today’s demanding applications.”
Making Cloud Connectivity Fast and Simple
With AWS Interconnect – last mile, enterprises can establish private, high-speed connections from their branch offices, data centers, or remote sites directly to AWS with just a few clicks through the AWS Console and Lumen Connect portal. Lumen Cloud Interconnect supports those connections behind the scenes, delivering an automated and on-demand experience. By eliminating the need for multiple providers and simplifying manual configuration, organizations can shrink deployment timelines from weeks to minutes, scale bandwidth as needed and deliver the speed and reliability their business depends on.
The collaboration combines the AWS cloud and operational model with Lumen’s digital network platform and extensive network infrastructure, which spans more than 340,000 route miles and connects thousands of enterprise locations and data centers. Together, the companies are enabling a more seamless, unified experience where connectivity is no longer treated as a separate layer, but as an integrated part of how organizations access and use cloud services.
“Enterprises are looking for network infrastructure that delivers the same agility and simplicity they experience in the cloud,” said Peter Chahal, Research Director for IDC's Worldwide Telecommunications Services and Strategies practice. “The collaboration between Lumen and AWS brings these capabilities together by streamlining connectivity, reducing operational complexity, and enabling organizations to deploy faster, improve performance, and realize greater value from their cloud investments.”
Organizations that rely on moving large volumes of data quickly and securely, including those supporting generative AI and machine learning, data-intensive analytics, real-time applications, and hybrid or multi-cloud environments stand to benefit most from this new approach to cloud connectivity. This includes industries such as healthcare, financial services, manufacturing, and media where performance and reliability are critical. As they adopt a more distributed architecture, the quality of the connection between their environments and the cloud becomes essential to maintaining performance.
Availability
AWS Interconnect – last mile with Lumen Cloud Interconnect is now generally available to enterprise customers in the United States. Customers can now initiate connections through AWS Console and Lumen’s digital platform, Lumen Connect, and monitor availability, latency, and performance across their environments.
To learn more about how Lumen and AWS are simplifying cloud connectivity, visit: https://www.lumen.com/en-us/services/aws-interconnect-last-mile.html
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly owned affiliate of Lumen Technologies, Inc.
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding management’s expectations with respect to our business, strategy and operations as well as statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” “will,” and similar expressions. These forward-looking statements are not promises nor guarantees of future results, are based on our current expectations only and are subject to various risks and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated in our other filings with the U.S. Securities and Exchange Commission from time to time. Actual results may differ materially from those anticipated by us in these statements due to several factors, including those referenced in our filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260415087899/en/
Media Contact:
Stephanie Meisse
Email: stephanie.n.meisse@lumen.com
Phone: 419-610-3142
Original: AWS and Lumen Redefine Private Cloud Connectivity by Bringing Cloud and Network Together
US Market News
3月前
Lumen Helps Keep Broadcasters on Air Amid Potential Satellite Capacity ChangesApril 14, 2026 9:05 AM
Business Wire
Lumen highlights fiber-first, hybrid-ready Vyvx solution at NAB Show to deliver sports, news and live events as satellite spectrum options are expected to decrease
Federally driven changes are expected to reduce satellite capacity as early as 2027. At the National Association of Broadcasters (NAB) Show, Lumen Technologies (LUMN) will showcase its Vyvx® Hybrid Distribution offering, designed to support modernization and operational continuity for live sports, news and major events as broadcasters navigate change.
Fiber-first foundation with hybrid flexibility
Lumen® Vyvx® Broadcast Solutions delivers seamless secure, reliable, low-latency content transport and video broadcast solutions for enterprise and media companies. The Vyvx® Hybrid Distribution offering is a fiber-first foundation layer. Rather than requiring companies to make a choice between satellite and IP alternatives, it supports a hybrid approach that offers satellite, fiber and IP-based delivery options as parallel paths to help reduce risk and complexity without sacrificing operational certainty. It’s engineered for broadcasters that want a clear path forward without a disruptive, all-or-nothing change.
“The expected reduction in C-band satellite capacity has created pressure for broadcasters that still depend on satellite for contribution and distribution to find other options,” said Alaa Saayed, Vice President of Digital Content Services at Frost & Sullivan. “Many are evaluating hybrid or IP-based alternatives, bundled services and coordinated planning to maintain reliability while also managing costs and operational complexity.”
Owned network, venue connectivity, and operations expertise
Lumen differentiates its Vyvx® Hybrid Distribution offering with a combination of infrastructure scale and operational expertise that is difficult to replicate.
Lumen owns and operates the underlying fiber network, along with satellite teleport facilities, enabling end-to-end control of routing, redundancy and quality. Vyvx’s heritage in live broadcast operations adds an additional layer of assurance. Bringing decades of operational experience to the industry, Vyvx is on net with broadcasters, production facilities and venues, helping manage transport and delivery.
“As delivery platforms change, engineers aren’t looking for hype — they’re looking for operational certainty,” said VP of Vyvx Broadcast Solutions Rick Gibson. “Because Lumen owns the network and Vyvx has connectivity where it matters, not only can we offer flexibility of delivery, but we can also make this hybrid approach workable at scale.”
The Future of Live Sports
Vyvx will be at the 2026 NAB Show April 18-22 in Las Vegas, hosting technology demonstrations and engaging expert panels. Visit the Sports Theater W3643 West Hall or booth W3735 for exclusive insights.
Learn more: Vyvx Broadcast Solutions | Managed Services | Lumen
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly-owned affiliate of Lumen Technologies, Inc.
Forward-Looking Statement
This press release includes certain forward-looking statements about future events. These forward-looking statements are not guarantees of future results, are based on our current expectations only and are subject to various uncertainties. Actual results may differ materially from those anticipated by us in these statements due to several factors, including those referenced in our filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260414786074/en/
Media Contact:
Danielle Spears
Danielle.Spears@Lumen.com
321-256-3854
Original: Lumen Helps Keep Broadcasters on Air Amid Potential Satellite Capacity Changes
US Market News
3月前
Lumen Appoints Jim Ortbals Senior Vice President of Global Partner SolutionsApril 13, 2026 12:05 PM
Business Wire
New senior leader to strengthen channel partner execution, simplify partner motions, and scale outcomes for enterprise customers
Lumen Technologies (NYSE: LUMN) today announced that Jim Ortbals will join the company as Senior Vice President of Global Partner Solutions (GPS). Ortbals will lead Lumen’s channel partner strategy and execution, with responsibility for strengthening how the company engages, enables, and scales outcomes through this critical part of its commercial approach.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260413468127/en/Lumen Senior Vice President of Global Partner Solutions Jim Ortbals
“As we transform Lumen into the trusted network for AI, we need a partner ecosystem built for speed, rigor and scale,” said Lumen Chief Revenue Officer Jeff Sharritts. “Jim brings proven experience building and scaling global channel organizations, connecting commercial strategy to results. His leadership will help simplify our partner motions, sharpen execution, and accelerate growth by delivering better outcomes for enterprise customers.”
“I’m excited to join Lumen at a time when enterprises are demanding tangible business outcomes and partners play an increasingly critical role in delivering them,” said Ortbals. “Lumen’s momentum and investments in our digital platform create a strong foundation for partner-led growth. My focus is to simplify and strengthen our channel partner motions so we consistently engage, enable, and support partners with operating rigor and clear accountability.”
Ortbals brings more than 25 years of experience growing global channel and partner organizations across complex technology and services environments. He has held leadership roles at Cisco, VMware, Zscaler and others, with a track record of connecting channel partner strategy to operational rigor in support of customer outcomes.
Lumen is undergoing a multi-year transformation, simplifying how it operates and modernizing its network and digital capabilities to meet rising demand for secure, scalable connectivity in the AI era. Partners are central to extending those capabilities to enterprise customers.
To learn more about Lumen’s Channel Partner Program, visit Channel Partner Program | Lumen.
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly owned affiliate of Lumen Technologies, Inc.
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding management’s expectations with respect to our business, strategy and operations as well as statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” “will,” and similar expressions. These forward-looking statements are not promises nor guarantees of future results, are based on our current expectations only and are subject to various risks and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated in our other filings with the U.S. Securities and Exchange Commission from time to time. Actual results may differ materially from those anticipated by us in these statements due to several factors, including those referenced in our filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260413468127/en/
Media Contact:
Anita J. Gomes
Anita.Gomes@lumen.com
+1 858-229-8538
Investor Contact:
Jim Breen, CFA
Investor.Relations@lumen.com
+1 603-404-7003
Original: Lumen Appoints Jim Ortbals Senior Vice President of Global Partner Solutions
US Market News
3月前
At Semafor World Economy Lumen CEO Kate Johnson Issues Open Letter to CEOs: “Is Your Network AI-Ready?”—Calling for AI-Ready Network ModernizationApril 13, 2026 8:08 AM
Business Wire
Johnson will participate in a fireside chat on “AI’s Next Chapter” at the annual global forum in Washington, DC
Timed to coincide with Semafor World Economy 2026, taking place April 13-17 in Washington, DC, Lumen Technologies’ (“Lumen”) (NYSE: LUMN) CEO Kate Johnson issued an open letter to CEOs asking, “Is your network AI-ready?” The letter points to the urgent need to upgrade networking infrastructure to support AI aspirations. Johnson will expand on the topic during a fireside chat that is part of a session on “AI’s Next Chapter,” which begins at 9 a.m. ET on Tuesday, April 14.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260413275901/en/Lumen CEO Kate Johnson Issues Open Letter to CEOs Calling for AI-Ready Network Modernization
“The network is the nervous system in an AI-driven enterprise. It determines how fast you can move, how much you spend, and whether your AI investments produce value,” said Johnson. “To support your business, networks must be resilient, adaptable, programmable, and consumption-based — just like cloud.”
Johnson emphasizes that:
AI is fundamentally reshaping network demand, and yesterday’s networks can’t keep up: Data is moving continuously across clouds, data centers, and the edge, with autonomous systems already driving a significant share of traffic.
Network performance is inextricably linked to value creation and customer experience: Constrained networks slow time to insight and time to first token, limit the customer experience, and constrain high-value compute investment returns.
Networks must be able to scale dynamically: Adaptable infrastructure is essential to cope with constantly shifting conditions in today’s complex environments.
Read Johnson’s, “An Open Letter to My Fellow CEOs” here: lumen.com/isyournetworkready.
Watch live or a replay of the Semafor World Economy fireside chat on AI’s Next Chapter here:
https://www.semafor.com/article/04/05/2026/watch-semafor-world-economy-day-2.
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly owned affiliate of Lumen Technologies, Inc.
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding management’s expectations with respect to our business, strategy and operations as well as statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” “will,” and similar expressions. These forward-looking statements are not promises nor guarantees of future results, are based on our current expectations only and are subject to various risks and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated in our other filings with the U.S. Securities and Exchange Commission from time to time. Actual results may differ materially from those anticipated by us in these statements due to several factors, including those referenced in our filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260413275901/en/
Media Contact:
Anita Gomes
Anita.Gomes@lumen.com
+1 858-229-8538
Investor Relations:
Jim Breen, CFA
Investor.Relations@lumen.com
+1 603-404-7003
Original: At Semafor World Economy Lumen CEO Kate Johnson Issues Open Letter to CEOs: “Is Your Network AI-Ready?”—Calling for AI-Ready Network Modernization
US Market News
3月前
Lumen Unveils 2026 Defender Threatscape Report: Upstream Network Visibility is the New Front Line of Cyber DefenseApril 7, 2026 9:05 AM
Business Wire
Black Lotus Labs reveals why upstream network visibility is essential to detecting and disrupting disguised proxies, edge exposure, and AI-driven attacks
As threat actors traverse the network in new and innovative ways, Lumen Technologies (NYSE: LUMN) today released its 2026 Lumen Defender Threatscape Report, identifying a major shift in the digital battlefield: the most critical signals no longer live on the endpoint, but upstream in the network itself.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260407099428/en/2026 Lumen Defender Threatscape Report
This new report, authored by Lumen’s threat research and operations arm Black Lotus Labs, leverages Lumen’s position as one of the world’s largest internet backbone operators to track how cyber criminals have evolved into “heist crews” with industrialized operations. Most notably, it reveals critical insights into how threat actors use disguised proxies, compromised edge devices, and generative AI to pre-stage attacks.
Key Findings
The 2026 Threatscape Report identifies critical shifts in how attackers operate:
Generative AI as an Operational Engine: Threat actors are using AI to iterate and regenerate malicious infrastructure at machine speed. This automation helps sustain malicious campaigns, compressing the window between exposure and impact.
Targeting the "Vault Door" at the Edge: As endpoint detection and response (EDR) has matured, attackers have pivoted to internet-exposed edge devices — routers, VPN gateways and firewalls. These assets offer privileged access, limited forensic capabilities, and typically operate outside traditional endpoint security visibility.
The Rise of Residentially Disguised Proxies: Criminal and nation-state crews are industrializing proxy networks using compromised small office/home office (SOHO) devices. By hijacking these "rentable identities," attackers blend into legitimate residential traffic to bypass Zero Trust and geolocation controls.
Blurred Lines of Attribution: Elite espionage campaigns are increasingly built on "stolen staging," where nation-state actors hijack criminal infrastructure to hide their fingerprints behind noisy, common criminal activity.
"As attackers shift toward internet-exposed edge infrastructure, defenders are losing visibility at a critical stage of an attack," said Nat Habtesion, SVP and chief security officer at Lumen. "By seeing attacker infrastructure as it forms at the network layer, Lumen and our Black Lotus Labs team can identify threat actors' activities early, disrupt campaigns in motion, and reduce the operational burden on security teams before damage is done."
The Professionalization of Cybercrime
The report identifies a new standard for cyber operations: the "heist crew" model. Rather than deploying standalone malware, these actors operate with the precision of a logistics firm. They use generative AI to rotate IP addresses and domain names faster than manual defenders can track, and they utilize "rentable identities" through compromised home routers to blend into everyday residential traffic. This highly professionalized setup allows attackers to remain invisible in the "staging grounds" of the network, ensuring that by the time they interact with a target, the path of least resistance has already been cleared.
The Shift to Upstream Intelligence
Traditional defense models often rely on post-infection signals from inside the network. However, the 2026 report demonstrates that by the time an alert triggers on an endpoint, the attacker's preparation — scanning, infrastructure rotation and proxy formation — is already complete.
With visibility into 99% of public IPv4 addresses and while monitoring more than 200 billion NetFlow sessions and 46,000 C2s daily, Lumen’s vantage allows Black Lotus Labs to identify coordinated infrastructure behavior as it emerges. In 2025, Lumen participated in eight multi-partner takedowns and disrupted 5,000 IPs to degrade adversary capabilities.
The report deconstructs several high-profile operations that define this new era:
Kimwolf: A massive, distributed denial-of-service (DDoS) botnet that scaled to hundreds of thousands of bots in weeks by exploiting residential proxy ecosystems. Lumen observed Kimwolf triple its bot count in just one week and launch attacks reaching 30 terabits per second (Tbps).
Rhadamanthys: The largest malware-as-a-service platform by volume at the time of takedown that operates like a professional startup, complete with subscription tiers and customer support for more than 12,000 victims.
Raptor Train: A nation-state botnet that utilized an enterprise-grade control center to manage over 200,000 compromised Internet of Things (IoT) devices.
"Threat intelligence is needed to find the adversary as early as possible and as close to the point of origination as possible," said Chris Kissel, IDC vice-president, Security & Trust. "Lumen's massive infrastructure and the quality of Black Lotus Labs provides optimal visibility of the IP backbone greatly reducing the odds of successful cyber-attack campaigns."
Strategic Guidance for 2026: Neutralizing the Staging Ground
Lumen recommends that organizations shift from reactive indicators to infrastructure awareness. Habtesion concluded, “Effective defense requires neutralizing the ‘staging grounds’, those upstream environments where attackers build their routes, rather than just hardening the final point of intrusion.”
The full 2026 Lumen Defender Threatscape Report is now available for download.
About Lumen Technologies
Lumen is unleashing the world’s digital potential. We ignite business growth by connecting people, data, and applications — quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI’s full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow. For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies, and YouTube: /lumentechnologies.
Forward-Looking Statement
This press release includes certain forward-looking statements about future events. These forward-looking statements are not guarantees of future results, are based on our current expectations only and are subject to various uncertainties. Actual results may differ materially from those anticipated by us in these statements due to several factors, including those referenced in our filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260407099428/en/
Media Contact:
Danielle Spears
Danielle.Spears@Lumen.com
321-256-3854
Original: Lumen Unveils 2026 Defender Threatscape Report: Upstream Network Visibility is the New Front Line of Cyber Defense
US Market News
3月前
Lumen Technologies Named to Fast Company’s 2026 List of the World’s Most Innovative CompaniesMarch 24, 2026 7:05 AM
Business Wire
Company honored for reimagining digital network infrastructure for the AI era
Lumen Technologies (NYSE: LUMN) is proud to have been named on Fast Company’s prestigious list of the World’s Most Innovative Companies of 2026, ranked among the top organizations in the Enterprise category for delivering technologies that make other businesses more efficient and effective. This marks the first time Lumen is included on this global list, which recognizes organizations shaping industries and culture through innovation.
“This recognition comes as Lumen enters the growth phase of its transformation and reflects our team’s work to reinvent Lumen for the AI era,” said Kate Johnson, CEO of Lumen Technologies. “We’ve transformed a legacy telecom into a digital networking infrastructure company built for the next generation of innovation—connecting data centers, clouds, enterprises, and AI systems that will power the global economy. Innovation for us isn’t just about technology; it’s about reimagining what a network can do in the AI economy.”
As part of its transformation into a digital network services company, Lumen is rapidly expanding its high-capacity fiber network and developing a new generation of programmable network services. The company plans to reach 58 million intercity fiber miles by 2031, connecting the world’s fastest-growing digital ecosystems—including AI data centers, hyperscalers, and global enterprises.
Central to the company’s innovation is Lumen’s Network-as-a-Service (NaaS) platform, which has surpassed 2,000 customers and enables the rapid provisioning of secure, high-performance connectivity in minutes rather than months. Through Lumen Connect, a self-service digital portal, customers gain real-time control over how they deploy, manage and scale network services. Together with a growing connected ecosystem of technology partners, Lumen is redefining how networks are designed, delivered, and consumed—building programmable infrastructure required to support real-time data movement, AI workloads, and the next generation of digital applications.
Lumen’s vision was recently spotlighted at Fast Company’s Most Innovative Companies Summit, where CEO Kate Johnson spoke about revolutionizing telecom for the AI era.
The World’s Most Innovative Companies is Fast Company’s hallmark franchise and one of its most anticipated editorial efforts of the year. To determine honorees, Fast Company’s editors and writers review companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world.
“Our list of the Most Innovative Companies is about spotlighting organizations that don’t just adapt to change—they drive it,” said Brendan Vaughan, editor-in-chief of Fast Company. “The companies we honor this year are redefining what leadership looks like in 2026, pairing bold ideas with measurable impact and turning breakthrough innovation into real-world value. They are setting the pace for their industries and offering a blueprint for what sustained innovation can achieve.”
The full list of Fast Company’s Most Innovative Companies honorees can be found at fastcompany.com.
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly owned affiliate of Lumen Technologies, Inc.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with fellow business publication Inc. For more information, please visit fastcompany.com.
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding management’s expectations with respect to our business, strategy and operations as well as statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” “will,” and similar expressions. These forward-looking statements are not promises nor guarantees of future results, are based on our current expectations only and are subject to various risks and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated in our other filings with the U.S. Securities and Exchange Commission from time to time. Actual results may differ materially from those anticipated by us in these statements due to several factors, including those referenced in our filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260324585892/en/
Media Contact:
Joe Goode
Joseph.Goode@lumen.com
+1 781-799-6048
Investor Contact:
Jim Breen, CFA
Investor.Relations@lumen.com
+1 603-404-7003
Original: Lumen Technologies Named to Fast Company’s 2026 List of the World’s Most Innovative Companies
US Market News
4月前
Lumen Technologies Announces Board Chair Transition, New Director Nominee and Executive Role ExpansionsMarch 17, 2026 7:30 AM
Business Wire
Board Chair Mike Glenn and Director Hal Jones to Retire at 2026 Annual Meeting;
General Kevin P. Chilton Named Next Chair
Bain & Company Partner Michael Collins Nominated to Join Board
Enhances Leadership Structure to Support Growth Phase of Transformation
Lumen Technologies, Inc. (“Lumen”) (NYSE: LUMN) today announced that Mike Glenn, Chair of Lumen’s Board of Directors (the “Board”), and Hal Stanley Jones, a director and Chair of the Audit Committee, have advised the Board that they will retire and not stand for re-election at Lumen’s 2026 Annual Meeting of Shareholders (the “Annual Meeting”).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260317753973/en/General Kevin P. Chilton (USAF, Ret.), an existing Lumen Technologies board member, has been selected to serve as the next Chair of the Board, effective following the company's 2026 Annual Meeting of Shareholders. Chilton retired from the U.S. Air Force as a four-star General in 2011, concluding a 34-year career with service as Commander of U.S. Strategic Command. He also previously served as Commander of Air Force Space Command, as a NASA astronaut on three space shuttle flights and as Deputy Program Manager of the International Space Station. At Lumen, he has served as a Board member and the Chair of the Risk and Security Committee since 2018.
As part of a planned succession process, the Board has selected General Kevin P. Chilton (USAF, Ret.), an existing member of the Board since 2017, to serve as the next Chair of the Board, effective following the Annual Meeting. The Board has also identified a successor for the Audit Committee Chair, underscoring its commitment to continuity, effective risk oversight, and disciplined governance.
The Board also nominated Michael Collins, a partner at Bain & Company, for election to the Board at the Annual Meeting, subject to shareholder approval. Collins brings more than three decades of experience advising global companies on growth strategy, disciplined capital allocation and executing complex operational transformations.
“Mike and Hal have provided exceptional leadership during a pivotal chapter for Lumen, strengthening our governance, sharpening our strategic focus, and advancing the company’s transformation,” said Lumen CEO Kate Johnson. “Mike has been a steady, values-driven Board leader, and a trusted partner to me and our leadership team. Hal’s financial expertise and discipline – particularly in his role as Audit Committee Chair – have been invaluable. On behalf of the full Board and the entire company, we are deeply grateful for their service and lasting impact.”
To maintain company momentum, Glenn and General Chilton will partner closely over the next two months to support a smooth leadership transition, including continued engagement with management and Board committees.
“Hal and I have been proud to help guide Lumen through an important period of change,” said Mike Glenn. “The company has a strong leadership team, a clear growth strategy, and a Board committed to doing what it takes to win in the next era of digital network infrastructure. I am confident this transition – supported by a thoughtful hand-off to Kevin – will be seamless and will keep Lumen positioned to create value for customers and shareholders.”
Johnson continued: “We are pleased to name General Chilton as our next Board Chair and nominate Michael Collins to our Board. Kevin is a proven leader with deep engineering and operational experience – leading mission-critical organizations where reliability, security, precision execution, and risk management are non-negotiable. Michael brings complementary expertise in scaling complex businesses and driving long-term value creation. Together, they strengthen our Board with the experience and perspective needed as we accelerate into the growth phase of our transformation.”
General Chilton retired from the U.S. Air Force as a four-star General in 2011, concluding a 34-year career with service as Commander of U.S. Strategic Command, where he oversaw plans and operations spanning strategic deterrence as well as the Department of Defense’s space and cyberspace missions. He also previously served as Commander of Air Force Space Command, as a NASA astronaut on three space shuttle flights and as Deputy Program Manager of the International Space Station. At Lumen, he has served as a Board member and the Chair of the Risk and Security Committee since 2018, contributing significant expertise in cybersecurity, risk management and scientific innovation.
“I’m honored to be selected as the Board’s next Chair,” said General Chilton. “Mike and Hal have helped position Lumen for its next phase, and I am committed to building on that foundation. Lumen’s enterprise and public sector customers depend on secure, resilient, high-performance networks, and I look forward to supporting Kate and the leadership team as they continue executing with speed, operational excellence, and customer focus.”
Collins is a partner at Bain & Company, where he oversees the company’s portfolio of specialized consulting businesses spanning digital innovation, design and procurement solutions. During his tenure as Chief Operating Officer and Chief Financial Officer, Bain more than tripled in size and was repeatedly recognized as a top global workplace. Over his 30-plus year career at Bain, he has advised companies across telecommunications, retail, consumer products, automotive and media industries. Collins serves on the Board of Directors of Jacobs Solutions Inc., a global professional services company focused on infrastructure and advanced facilities.
“Lumen has reached a pivotal moment in its transformation and is well positioned as essential digital infrastructure for enterprise and public sector customers,” said Michael Collins. “I’m excited to join the Board at this next phase of growth and to support the management team as they execute on a disciplined long-term strategy to create value for customers and shareholders.”
As Lumen enters the growth phase of its transformation, the company is also announcing expanded leadership roles to align with its enterprise growth strategy and AI-driven future:
Chris Stansbury has assumed the additional title of President, while continuing to serve as Chief Financial Officer. With the capital structure now in a position of strength following a successful turnaround, Chris will broaden his scope to drive operational excellence, capital allocation discipline and enterprise growth across the company.
Kye Prigg has assumed the title of Chief Commercial Operations Officer, adding our remaining Mass Markets business to his current responsibilities as head of Enterprise Operations. This alignment unifies our enterprise and consumer operations organizations under a single leader to drive performance and growth.
Ana White has assumed the role of Chief People & AI Enablement Officer, taking on expanded responsibility for the company’s internal AI transformation, aligning workforce readiness, talent development, culture, and ways of working to ensure Lumen’s people have the skills and capabilities needed to succeed in the AI-enabled future.
“These leadership expansions position us to execute with speed, scale and clarity as we accelerate the growth phase of our transformation,” said Johnson.
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly owned affiliate of Lumen Technologies, Inc.
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding management’s expectations with respect to our business, strategy and operations as well as statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” “will,” and similar expressions. These forward-looking statements are not promises nor guarantees of future results, are based on our current expectations only and are subject to various risks and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated in our other filings with the U.S. Securities and Exchange Commission from time to time. Actual results may differ materially from those anticipated by us in these statements due to several factors, including those referenced in our filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260317753973/en/
Media Contact:
Joe Goode
Joseph.Goode@lumen.com
+1 781-799-6048
Investor Contact:
Jim Breen, CFA
Investor.Relations@lumen.com
+1 603-404-7003
Original: Lumen Technologies Announces Board Chair Transition, New Director Nominee and Executive Role Expansions
US Market News
4月前
Lumen Marks New Phase of Transformation at 2026 Investor DayFebruary 25, 2026 6:55 AM
Business Wire
Declares completion of turnaround and outlines multi-year growth plan
Updates key initiatives supporting company’s position as the trusted network for AI, including planned network expansion to 58 million fiber miles by 2031, NaaS platform surpassing 2,000 customers, and the rollout of Multi-Cloud Gateway
Selected to expand Anthropic’s fiber network across North America, part of Lumen’s nearly $13 billion in total Private Connectivity Fabric (PCF) contracts
Targets margin expansion, free cash flow, and enterprise revenue growth in 2028
Lumen Technologies (NYSE: LUMN) today announced at its 2026 Investor Day the company’s multi-year vision, strategy and financial framework as it accelerates its transformation into an enterprise-focused, technology infrastructure company and trusted network for AI.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260225539823/en/Kate Johnson, CEO, Lumen Technologies
“We’ve done what many thought we couldn’t – stabilized the business, strengthened our financial foundation, and earned credibility in the market. Now we’re accelerating from turnaround to growth,” said Lumen CEO Kate Johnson. “Our strategy is focused on delivering what differentiates us: expand the physical network, scale our digital services platform, and build a connected ecosystem of industry-leading technology partners to create high-value solutions for customers. Lumen is no longer a legacy telecom – we’re a digital network services company disrupting an industry and purpose-built for the AI economy.”
Turnaround and Stabilization Accomplished
Over the past three years, Lumen has fundamentally reshaped its financial foundation and operating model. Key milestones include:
Secured nearly $13 billion in Private Connectivity Fabric (PCF) deals, validating hyperscaler demand for Lumen’s AI-ready network.
Reduced debt and strengthened liquidity, delivering approximately $500 million in annual interest savings and approximately $1 billion in reduced capex.
Completed the $5.75 billion sale of its Mass Markets fiber to the home business to AT&T, simplifying the portfolio and reducing debt to under $13 billion.
Rebuilt a leadership team and commercial engine, embedding a performance-driven, “play to win” culture to sharpen execution.
Together, these actions mark the completion of Lumen’s turnaround phase and have positioned Lumen to scale and invest selectively in high-return growth opportunities.
Market Confidence Restored and Building
Lumen’s fortified balance sheet and improving free cash flow have driven meaningful improvement in both its stock price and credit profile. The company’s debt has been upgraded by all three major global ratings agencies, citing lower leverage, improved liquidity, and enhanced financial stability. Following a period when the stock traded as low as roughly $1.00 per share in July of 2024, Lumen’s stock price today is trading back in the high-single digits, underscoring renewed investor confidence in the company’s trajectory.
Relentlessly Pursuing Our Digital Future
Enterprises are racing to operationalize AI. Without high-capacity, low-latency, programmable networks, their data – and their competitive advantage – stalls. With its foundation secure, Lumen is scaling the AI-ready capabilities that will define the next phase of its transformation and reimagine the digital future of networking.
The company outlined Lumen’s growth strategy and momentum anchored across three strategic enablers:
Physical Network:
Deployed 17 million intercity fiber miles as of year-end 2025.
On track to reach 47 million fiber miles by the end of 2028.
Plans to expand to approximately 58 million miles by 2031, supported by $2.5 billion in recent new PCF agreements.
Nearly $13B in total PCF deals to date, including hyperscalers and AI leaders such as Anthropic. The AI safety and research company has selected Lumen to build a high-capacity, purpose-built network to support Anthropic’s work.
Digital Platform:
Transforming the network into a programmable, AI-ready platform.
Exceeding 2,000 Network-as-a-Service (NaaS) customers, reflecting a broader enterprise adoption of AI-ready platforms that reduce complexity, increase control, and accelerate performance.
Accelerating data movement across distributed AI environments with the rollout of Multi-Cloud Gateway.
Connected Ecosystem:
Expanding strategic partnerships with technology leaders, including Palantir, Meter, Commvault, QTS and Digital Realty.
Building integrated solutions and validated designs where network performance directly impacts AI outcomes and time to first token.
Financial Roadmap to Value Creation
Lumen enters its next phase with momentum and a disciplined financial framework designed to convert strategic transformation into sustained earnings growth and durable free cash flow.
“This is a defining moment for Lumen, as we close the chapter on our financial past and pivot to an executable path to growth,” said Lumen CFO Chris Stansbury. “Our objective is clear: accelerate investment in AI and our digital future and where it drives the highest returns to deliver shareholder value.”
Among the company’s multi-year financial priorities and targets:
Expanding adjusted EBITDA margins from 27.1% in 2025 to approximately the mid 30% range by 2030.
Enhancing free cash flow through planned improved margins, lower capital intensity, and expected revenue growth.
Expecting to delivering Business Segment Revenue growth in 2028.
The company is also introducing a new revenue reporting framework designed to better reflect its enterprise-focused strategy and enhance clarity for investors. Beginning in Q1 2026, Lumen will report revenue in products and services to better align with how the company invests in and operates the business. Recast historical quarterly revenue for fiscal years 2024 and 2025, along with additional information, is available on Lumen’s Investor Relations website.
Webcast and Materials
Lumen’s Investor Day begins at 8:30 a.m. ET and concludes at noon ET. The live webcast and post-event replay will be accessible on Lumen’s Investor Relations website under Investor Day. A replay and summary materials from the presentations will be available online on the website approximately 24 hours following the completion of the event.
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly owned affiliate of Lumen Technologies, Inc.
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding management’s expectations with respect to our business, strategy and operations as well as statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” “will,” and similar expressions. These forward-looking statements are not promises nor guarantees of future results, are based on our current expectations only and are subject to various risks and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated in our other filings with the U.S. Securities and Exchange Commission from time to time. Actual results may differ materially from those anticipated by us in these statements due to several factors, including those referenced in our filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260225539823/en/
Media Contacts:
Joe Goode
Joseph.Goode@lumen.com
+1 781-799-6048
Anita Gomes
Anita.Gomes@lumen.com
+1 858-229-8538
Investor Relations:
Jim Breen, CFA
Investor.Relations@lumen.com
+1 617-892-5965
Original: Lumen Marks New Phase of Transformation at 2026 Investor Day
US Market News
4月前
Lumen Doubles Network-as-a-Service Customer Base as Enterprises Rapidly Shift to Programmable ConnectivityFebruary 24, 2026 8:05 AM
Business Wire
Expanded off-net reach and multi-cloud simplicity drive more than 2,000 enterprises to adopt Lumen’s programmable network platform for Cloud 2.0 and AI workloads
Lumen Technologies (NYSE: LUMN) today announced the company has doubled its network-as-a-service (NaaS) customer base to more than 2,000 businesses since Q3 2025, reflecting how quickly enterprises are shifting to on-demand, programmable networking for AI and cloud workloads.
“Enterprises are redesigning their networks for a world where AI workloads move massive amounts of data across clouds and geographies in real time,” said Jim Fowler, Lumen chief technology and product officer. “Surpassing 2,000 NaaS customers so quickly shows programmable networking is no longer experimental, it’s becoming the control plane for Cloud 2.0. Our platform gives businesses the composability, scalability, and performance they need to operate at AI speed.”
What’s Driving Growth
Growth in Lumen’s NaaS platform is being driven by enterprises rearchitecting networks to support AI-driven and multi-cloud workloads that demand greater flexibility and scale. Since reaching 1,000 customers in August 2025, Lumen has expanded its Internet On-Demand capabilities to more than 10 million new locations, enabling office buildings and data centers across North America to quickly scale connectivity. Adoption has also accelerated as enterprises increase ports per customer, signaling growing reliance on a programmable fabric to support distributed business sites, clouds, and AI-driven environments.
A Platform Built for the AI Era
NaaS is central to Lumen’s digital transformation into the trusted network for AI. As CIOs and hyperscalers modernize architectures for distributed AI workloads, they require more than bandwidth – they need intelligent, programmable infrastructure that delivers low-latency, scale, and control across hybrid and multi-cloud environments. Lumen’s new Multi-Cloud Gateway advances this strategy by adding a software-defined, self-service routing layer on top of its global fiber network, giving enterprises a more direct and efficient way to move data between clouds and business locations. This enables faster deployment, lower complexity, and more reliable performance for AI workloads that depend on real-time data exchange. Lumen’s NaaS can now be managed with Lumen Connect, a self-service portal where users can find, order, and control on-demand connectivity. This network programmability leads to faster deployment, less complexity, and more reliable performance for AI workloads that require real-time data exchange.
Real-World Impact Across Industries
The platform’s growth spans industries, from large enterprise IT environments to live sports that require elastic performance. Among the new enterprises adopting NaaS is the Seattle Sounders FC, which turned to Lumen to build a network that can rapidly scale for game days without paying for peak capacity year-round.
“Live sports don’t operate on a steady curve,” said Kari Escobedo, Interim CTO at Seattle Sounders FC. “We need the ability to scale when the business needs to scale — and to know the network will perform when it matters most. With Lumen NaaS, the network adapts to the business instead of the other way around.”
Recognized Industry Leadership
In 2025, Lumen was named NaaS Provider of the Year - North America by Mplify for delivering an integrated platform that combines on-demand connectivity, application assurance, cybersecurity, and multi-cloud networking into a single programmable platform.
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly owned affiliate of Lumen Technologies, Inc.
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding management’s expectations with respect to our business, strategy and operations as well as statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” “will,” and similar expressions. These forward-looking statements are not promises nor guarantees of future results, are based on our current expectations only and are subject to various risks and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated in our other filings with the U.S. Securities and Exchange Commission from time to time. Actual results may differ materially from those anticipated by us in these statements due to several factors, including those referenced in our filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260224834941/en/
Media Contact:
Stephanie Meisse
stephanie.n.meisse@lumen.com
419-610-3142
Original: Lumen Doubles Network-as-a-Service Customer Base as Enterprises Rapidly Shift to Programmable Connectivity
US Market News
4月前
Lumen Ratings Upgraded by Top 3 Global Ratings AgenciesFebruary 23, 2026 6:55 AM
Business Wire
Upgrades reflect strengthened balance sheet, improved liquidity profile, and disciplined execution against its financial and strategic priorities
Lumen Technologies (NYSE: LUMN) today announced that it has received upgraded ratings from all three major global ratings agencies – Fitch Ratings (Fitch), Moody’s Investor Service (Moody’s), and S&P Global (S&P) – marking a significant milestone in the company’s multi-year financial and operational transformation.
“These upgrades validate the hard work of our teams and the structural progress we’ve made to strengthen our balance sheet and reposition Lumen for sustainable growth,” said Kate Johnson, Chief Executive Officer of Lumen. “We have reduced debt, lowered our cost of capital, and enhanced financial flexibility, while investing in the next generation of digital network infrastructure to support enterprise customers in the AI-driven economy.”
All three agencies cited significant debt reduction and lower leverage, extended maturity runway with no major maturities near term, strengthened liquidity and financial flexibility, and improved stability following strategic portfolio simplification:
Moody’s upgraded Lumen’s Corporate Family Rating to B2 from B3 with a stable outlook, citing the company’s materially improved credit profile following the $4.8 billion debt reduction tied to the Mass Markets sale to AT&T. Moody’s highlighted lower leverage, projected total debt-to-EBITDA near 4.0x by year-end 2026, and strong liquidity. The agency also noted solid demand for Lumen’s fiber capacity from large enterprise customers and improved financial flexibility.
Fitch upgraded Lumen’s long-term issuer default rating to ‘B’ from ‘CCC+’, citing meaningful deleveraging, strengthened liquidity, and extended debt maturities following the sale of the company’s Mass Markets fiber business to AT&T and associated debt reduction. Recent private connectivity fabric (PCF) contract wins, totaling nearly $13 billion, were also among the contributing factors cited by Fitch.
S&P raised Lumen’s senior unsecured debt rating to ‘B’ from ‘CCC’ and improved its recovery rating, reflecting enhanced recovery prospects for noteholders and improved leverage metrics. The agency also cited proceeds from the completed AT&T transaction which retired all $4.8 billion in super-priority debt, reducing the company’s interest expense by $300 million annually. S&P affirmed Lumen’s issuer credit rating at ‘B-’, given its large amount of cash on hand to fund its hyperscaler projects.
The latest rating upgrades come ahead of Lumen’s Investor Day on Wednesday, Feb. 25, when senior management will outline the company’s multi-year growth strategy and financial framework.
The event webcast and post-event replay will be accessible on Lumen’s Investor Relations website under Investor Day. The replay and summary materials from the presentations will be available on the website approximately 24 hours following the completion of the event.
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI’s full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly owned affiliate of Lumen Technologies, Inc.
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding management’s expectations with respect to our business, strategy and operations as well as statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” “will,” and similar expressions. These forward-looking statements are not promises nor guarantees of future results, are based on our current expectations only and are subject to various risks and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated in our other filings with the U.S. Securities and Exchange Commission from time to time. Actual results may differ materially from those anticipated by us in these statements due to several factors, including those referenced in our filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260223472150/en/
Media Contacts:
Joe Goode
Joseph.Goode@lumen.com
+1 781-799-6048
Investor Relations:
Jim Breen, CFA
Investor.Relations@lumen.com
+1 617-892-5965
Original: Lumen Ratings Upgraded by Top 3 Global Ratings Agencies
US Market News
4月前
Lumen to Host Investor Day on Feb. 25, 2026February 18, 2026 6:55 AM
Business Wire
As previously announced, Lumen Technologies (NYSE: LUMN) will host an Investor Day on Wednesday, Feb. 25, 2026.
Presentations will begin at approximately 8:30 a.m. ET and conclude around 12 p.m. ET. During the program, Lumen’s senior leadership team will outline the company’s next phase of transformation, including its commercial engine, product pipeline, financial framework, and multi-year growth strategy designed to strengthen earnings power and long-term value creation.
The live webcast and post-event replay will be accessible on Lumen’s Investor Relations website under Investor Day. The replay and summary materials from the presentations will be available on the website approximately 24 hours following the completion of the event.
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly owned affiliate of Lumen Technologies, Inc.
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding management’s expectations with respect to our business, strategy and operations as well as statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” “will,” and similar expressions. These forward-looking statements are not promises nor guarantees of future results, are based on our current expectations only and are subject to various risks and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated in our other filings with the U.S. Securities and Exchange Commission from time to time. Actual results may differ materially from those anticipated by us in these statements due to several factors, including those referenced in our filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260218813188/en/
Media Contacts:
Joe Goode
Joseph.goode@lumen.com
+1 781-799-6048
Anita Gomes
Anita.Gomes@lumen.com
+1 858-229-8538
Investor Relations:
Jim Breen, CFA
Investor.Relations@lumen.com
+1 617-892-5965
Original: Lumen to Host Investor Day on Feb. 25, 2026
US Market News
4月前
QVC Group, Inc. Announces Semi-Annual Interest Payment and Regular Additional Distribution on 3.75% Senior Exchangeable Debentures Due 2030February 17, 2026 4:01 PM
PR Newswire (US)
WEST CHESTER, Pa., Feb. 17, 2026 /PRNewswire/ -- QVC Group, Inc. ("QVC Group") (Nasdaq: QVCGA, QVCGP; OTCQB: QVCGB) today announced the payment of a semi-annual interest payment and Regular Additional Distribution to the holders as of February 1, 2026 of the 3.75% Senior Exchangeable Debentures due 2030 (the "Debentures") issued by its wholly-owned subsidiary, Liberty Interactive LLC ("LI LLC"). The semi-annual interest payment amount is $18.75 per $1,000 original principal amount of Debentures, and the amount of the Regular Additional Distribution is $0.4596 per $1,000 original principal amount of Debentures.
Under the Indenture for the Debentures, the original principal amount of the Debentures is adjusted in an amount equal to each Extraordinary Additional Distribution made to holders of the Debentures. Thereafter, the adjusted principal amount is further reduced on each successive semi-annual interest payment date to the extent necessary to cause the semi- annual interest payment to represent the payment of an annualized yield of 3.75% of the adjusted principal amount. This latter adjustment, to the extent it is made by reason of a particular Extraordinary Additional Distribution that results in an adjustment to the principal amount of the Debentures, takes effect on the second succeeding interest payment date after the payment of that Extraordinary Additional Distribution.To date, there has been one Extraordinary Additional Distribution to holders of the Debentures. On August 7, 2013, LI LLC made an Extraordinary Additional Distribution of $46.1258 per $1,000 original principal amount of the Debentures arising from the merger transaction between Sprint Nextel Corporation and SoftBank Corp.Adjustments to the principal amount of the Debentures do not affect the amount of the semi- annual interest payments received by holders of the Debentures, which will continue to be a rate equal to 3.75% per annum of the original principal amount of the Debentures. Below is a detail of the amount of the semi-annual interest payment being made on the Debentures, its allocation between payment of interest and repayment of principal and the revised adjusted principal amount of the Debentures resulting from such payment, per $1,000 original principal amount of the Debentures:February 15, 2026
Beginning Adjusted Principal Total Payment Interest Additional
Payment of Principal February 15,
2026 Ending Adjusted Principal$927.9612$18.7500$17.3993$1.3507$926.6105 LI LLC is also making a Regular Additional Distribution to holders of the Debentures as of February 1, 2026 of $0.4596 per Debenture, which is attributable to the regular quarterly cash dividend paid by T-Mobile US, Inc. of $0.88 per share on August 29, 2025 and$1.02 per share on November 26, 2025. The payment of the Regular Additional Distribution will not result in a reduction to the adjusted principal amount of the Debentures.The semi-annual interest payment and Regular Additional Distribution are expected to be made on February 17, 2026, to holders of record of the Debentures on February 1, 2026.On April 1, 2020, T-Mobile US, Inc. completed its acquisition of Sprint Corporation ("TMUS/S Acquisition") for 0.10256 shares of T-Mobile US, Inc. for every share of Sprint Corporation.Following the TMUS/S Acquisition, the reference shares attributable to each $1,000 original principal amount of Debentures consist of 0.2419 shares of common stock of T-Mobile US, Inc. (Nasdaq: TMUS) and 0.5746 shares of common stock of Lumen Technologies, Inc. (NYSE: LUMN).About QVC Group, Inc.QVC Group, Inc. is a Fortune 500 company comprised of six leading retail brands – QVC®, HSN®, Ballard Designs®, Frontgate®, Garnet Hill® and Grandin Road® (collectively, "QVC GroupSM"). QVC GroupSM is a live social shopping company that redefines the shopping experience through video-driven commerce on every screen, from smartphones and tablets to laptops and TVs. QVC Group reaches more than 200 million homes worldwide via 15 television channels, which are widely available on cable/satellite TV, free over-the-air TV, and FAST and digital livestreaming TV. QVC Group also reaches millions of customers via its QVC+ and HSN+ streaming experience, Facebook, Instagram, TikTok, YouTube, Pinterest, websites, mobile apps, social pages, print catalogs, and in-store destinations. QVC Group, Inc. also holds various minority interests.
View original content to download multimedia:https://www.prnewswire.com/news-releases/qvc-group-inc-announces-semi-annual-interest-payment-and-regular-additional-distribution-on-3-75-senior-exchangeable-debentures-due-2030--302689714.htmlSOURCE QVC Group, Inc.
Original: QVC Group, Inc. Announces Semi-Annual Interest Payment and Regular Additional Distribution on 3.75% Senior Exchangeable Debentures Due 2030
US Market News
5月前
America's Best and Largest Network Just Got Larger: AT&T Completes Acquisition of Lumen's Mass Markets Fiber BusinessFebruary 2, 2026 6:31 AM
PR Newswire (US)
DALLAS, Feb. 2, 2026 /PRNewswire/ -- Deal extends AT&T's industry-leading, award-winning fiber home internet service to 32 states, bringing millions of Americans the simple, seamless and trusted experience they can depend on, with the best Internet technology available today. Key Takeaways:AT&T has purchased substantially all of Lumen's Mass Markets fiber business, bringing millions more Americans the simple, seamless and trusted experience they can depend on, with the best Internet technology available today.Through this acquisition, more than 1 million fiber subscribers across more than 4 million fiber locations in new major metro areas like Denver, Seattle, and Salt Lake City, are now new AT&T customers.This gives more people access to AT&T's fiber network which is trusted by millions and backed by award-winning customer satisfaction.AT&T (NYSE: T) has closed its previously announced transaction to acquire substantially all of Lumen's (NYSE: LUMN) Mass Markets fiber business for $5.75 billion in an all-cash transaction, subject to customary adjustments."America's largest network is the best positioned in our industry to serve even more consumers – both in the home and on the go," said John Stankey, Chairman and CEO of AT&T. "AT&T Fiber – America's best and top-rated technology for getting on the internet – will be available to millions more people as we expand the service in 32 states. This investment will create good-paying jobs, boost U.S. connectivity and bring the benefits of high-speed connections to more communities across the country."This deal advances AT&T's position to win with the best assets in the industry – extending the Company's lead against competitors, continuing to meet customers where they are and delivering more value to shareholders. Highlights include:Adding more than 1 million fiber subscribers to AT&T's total customer count, with the opportunity to significantly grow the number of AT&T Fiber customers over time. Using its extensive distribution, the strengths of AT&T Fiber, and the value of the AT&T Guarantee, the Company expects to increase current fiber penetration of roughly 25% within the acquired footprint to levels more consistent with its AT&T Fiber penetration.Increasing the scale of AT&T's fiber network as the Company acquires more than 4 million customer locations across 11 states. AT&T also gains access to Lumen's substantial fiber construction capabilities in these states, accelerating an efficient build engine for constructing fiber home internet connectivity outside of AT&T's traditional wireline operating region. As a result, AT&T expects to accelerate the pace at which fiber is being built in these territories, supporting the Company's plans to reach more than 60 million total fiber locations by the end of 2030.1 This gives more people access to AT&T's fiber network which is trusted by millions and backed by award-winning customer satisfaction.Giving more American consumers more choice to purchase fiber and 5G services the way they prefer – from one trusted provider. AT&T expects that its ability to offer fiber broadband and 5G wireless connectivity together will enable it to grow its base of high-value converged customer relationships within the acquired footprint. Customers with both AT&T Fiber and the Company's wireless services are more likely to recommend AT&T, remain customers longer and provide the best returns – giving AT&T a position unlike anyone else in the industry.AT&T reiterates all of the financial guidance it provided with its fourth quarter 2025 earnings report, which anticipated an early 2026 closing of this transaction with Lumen.To automatically receive AT&T financial news by email, please subscribe to email alerts. 1Locations reached with fiber include consumer and business locations: (i) passed with fiber, and (ii) served with fiber through commercial open-access providers.About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE: T), please visit us at about.att.com. Investors can learn more at investors.att.com.Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.
View original content to download multimedia:https://www.prnewswire.com/news-releases/americas-best-and-largest-network-just-got-larger-att-completes-acquisition-of-lumens-mass-markets-fiber-business-302676205.htmlSOURCE AT&T
Original: America's Best and Largest Network Just Got Larger: AT&T Completes Acquisition of Lumen's Mass Markets Fiber Business
US Market News
5月前
Lumen Completes Sale of Consumer Fiber-to-the-Home Business to AT&TFebruary 2, 2026 6:35 AM
Business Wire
Transaction Close Marks Strategic Inflection Point; Positions Lumen as a Pure Play
Enterprise-Focused Technology Infrastructure Company on Path to Sustainable Growth
Lumen Technologies (NYSE: LUMN) today announced that it has completed the sale of its Mass Markets fiber-to-the-home business in eleven states, including Quantum Fiber, to AT&T (NYSE: T) for $5.75 billion in cash. The sale includes substantially all of the related consumer fiber access network and customer relationships in those states, which serves more than 1 million fiber customers and reaches more than 4 million enabled fiber locations. The completed transaction is another strategic milestone in Lumen’s transformation into the leading enterprise digital networking services company built for the multi-cloud, AI-driven economy.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260201658367/en/Lumen CEO Kate Johnson
“The divestiture of our consumer fiber-to-the-home business marks a pivotal moment for Lumen. We are doubling down on where we are strongest and where the opportunity is greatest for us – powering the digital infrastructure that enterprises and public sector organizations need to win in the AI era,” said Lumen CEO Kate Johnson. “With a stronger balance sheet and a clear path to sustainable growth, we are accelerating our efforts to modernize our network, scale our digital platform, and build the connected ecosystem that drives real outcomes for our customers and creates lasting value for shareholders.”
Lumen plans to apply approximately $4.8 billion of the transaction proceeds and cash on hand to retire all super priority debt, reducing the company’s interest expense by approximately $300 million annually and accelerating its transformation strategy. The completed transaction is expected to reduce the company’s debt to less than $13 billion with a net debt to adjusted EBITDA ratio of below 4x.
As part of the completed transaction, Lumen will retain assets that will continue to serve as the foundation of its enterprise transformation, including all national, regional, state, and metro level fiber backbone network infrastructure, central offices and associated real estate. In addition, Lumen is retaining and caring for its copper-based consumer services, which continue to provide a strong ongoing financial contribution to Lumen. The enterprise and wholesale fiber customers will remain with Lumen in all geographies.
Lumen also expressed its deep appreciation for Wes Gibson, who previously led Lumen’s Mass Markets business and will lead NetworkCo, as well as for the entire team of employees transitioning to AT&T and its new subsidiaries.
“We want to thank Wes and every Lumen colleague who is transferring as part of this transaction,” Johnson said. “This team built a strong business and served our customers with dedication and pride. We’re grateful for their contributions to Lumen and confident they will continue to serve the consumer market as part of the AT&T family.”
With the completed transaction, Lumen’s growth strategy is centered on a differentiated set of capabilities built for large enterprises, global hyperscalers, and public sector organizations:
Physical Network: Building a high-capacity, low-latency fiber network designed to support AI, advanced cloud, and edge workloads. At the close of 2025, Lumen deployed 17 million intercity fiber miles and is on track to reach 47 million miles by the end of 2028, aimed at building a ubiquitous, high-capacity network fabric that optimizes GPU investment and improves the user experience.
Digital Platform: Cloudifying and agentifying Lumen’s network to allow services through a networking fabric that interconnects data centers and public clouds and software-defined capabilities, to deliver more agile, automated, and consumption-based experiences.
Connected Ecosystem: Establishing a growing roster of technology partnerships, including Palantir, Meter, Commvault, QTS and Digital Realty, that extends Lumen’s commercial reach and recognizes the value that a high-performing network can bring in a world where time-to-first-token has become the new measurement of success in the AI economy.
Added Johnson: “These three components of our strategy – building the best physical network, a digital platform aimed at delivering ubiquitous connectivity with elegant customer experiences, and a rich, connected ecosystem of technology partners that extends our commercial reach – are how we will create value for our customers and return Lumen to growth.”
Lumen first announced its plan to sell its consumer business to AT&T on May 21, 2025.
Lumen’s management team will address the completed transaction during the company’s Q4/full-year 2025 earnings conference call on Feb. 3. In line with the company’s regular reporting practice, Lumen will provide forward-looking annual guidance, which will reflect the aforementioned asset sale impact. The conference call will be webcasted from Lumen’s Investor Relations website at ir.lumen.com.
Additional information is available here.
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly owned affiliate of Lumen Technologies, Inc.
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding management’s expectations with respect to our business, strategy and operations as well as statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” “will,” and similar expressions. These forward-looking statements are not promises nor guarantees of future results, are based on our current expectations only and are subject to various risks and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated in our other filings with the U.S. Securities and Exchange Commission from time to time. Actual results may differ materially from those anticipated by us in these statements due to several factors, including those referenced in our filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260201658367/en/
Media Contacts:
Joe Goode
Joseph.Goode@lumen.com
+1 781-799-6048
Anita Gomes
Anita.Gomes@lumen.com
+1 858-229-8538
Investor Relations:
Jim Breen, CFA
Investor.Relations@lumen.com
+1 617-892-5965
Original: Lumen Completes Sale of Consumer Fiber-to-the-Home Business to AT&T
US Market News
5月前
Lumen Achieves ISO 42001 Certification, Reaffirming Responsible AI LeadershipJanuary 27, 2026 1:35 PM
Business Wire
Independent validation underscores Lumen’s commitment to ethical, transparent AI governance and practices
Lumen Technologies (NYSE: LUMN) today announced it has been awarded ISO 42001 certification for its Artificial Intelligence Management System (AIMS), validating the company’s robust AI governance framework for internal business processes. This globally recognized standard provides a rigorous framework for ensuring AI is developed, deployed, and governed with strong controls around ethics, transparency, and risk management.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260127131967/en/
“Lumen is the digital backbone powering the AI future. To deliver on that future, we’re advancing how we lead with AI internally, driving better business outcomes and accelerating growth for our customers and ourselves,” said Lumen Executive Vice President and Chief Legal Officer Mark Hacker. “ISO 42001 certification reflects our unwavering commitment to responsible AI, confirming that our AI governance practices are transparent, ethical, and safeguarded by strong risk-management controls.”
This achievement reinforces Lumen’s position as a trusted partner deploying AI solutions that prioritize ethics and accountability, while delivering real value. The company’s AIMS includes processes for risk assessment, transparency controls, responsible development practices, and ongoing evaluation of AI systems’ impact.
Lumen’s AI governance process is the first to be certified to ISO 42001 by Schellman Compliance, an accredited independent third-party auditor authorized to verify adherence to the standard’s rigorous requirements.
“This certification reinforces Lumen’s leadership in implementing AI systems that balance innovation with robust safeguards—advancing our company’s long-term AI ambitions and demonstrating our commitment to trustworthy AI at scale,” added Hacker. “This is a meaningful milestone for our teams and our customers and sets the bar for the broader industry.”
Lumen will continue investing in scalable, responsible AI practices—ensuring ethical principles and governance rigor remain embedded across its AI ecosystem as the company advances its innovation roadmap.
Explore how Lumen is powering enterprises’ AI ambitions at www.lumen.com or visit our Trust Center (https://www.lumen.com/en-us/about/legal/trust-center.html) for details on security and compliance.
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly-owned affiliate of Lumen Technologies, Inc.
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding management’s expectations with respect to our business, strategy and operations as well as statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” “will,” and similar expressions. These forward-looking statements are not promises nor guarantees of future results, are based on our current expectations only and are subject to various risks and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated in our other filings with the U.S. Securities and Exchange Commission from time to time. Actual results may differ materially from those anticipated by us in these statements due to several factors, including those referenced in our filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260127131967/en/
Media Contact:
Anita J. Gomes
anita.gomes@lumen.com
+1 858-229-8538
Original: Lumen Achieves ISO 42001 Certification, Reaffirming Responsible AI Leadership
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