Latest news with #LumenTechnologies
Yahoo
9 hours ago
- Business
- Yahoo
Lumen Powers JUNO Trans-Pacific Cable U.S. Landing with High-Capacity Backhaul Network
Connection gives enterprises direct, low-latency pathway between U.S. and key Asian markets DENVER, June 03, 2025--(BUSINESS WIRE)--With undersea cables accounting for more than 99% of international data traffic, a robust terrestrial network is vital for ensuring seamless, high-capacity data flows across continents. Lumen Technologies (NYSE: LUMN) announced it will provide the terrestrial backhaul connectivity for the JUNO Trans-Pacific Cable System, the highest-capacity trans-Pacific cable linking Japan and the United States. Lumen's fiber network will carry traffic from the cable's U.S. landing point in Grover Beach, Ca., to two major points of presence (PoPs) in San Jose and Los Angeles— helping to revolutionize business operations and technological advancements in both countries. "An undersea cable can carry massive amounts of data across oceans, but it's the strong terrestrial network that completes the journey," said Ashley Haynes-Gaspar, Lumen EVP and Chief Revenue Officer. "Lumen designed and developed a dark fiber solution the JUNO system could quickly deploy to meet their launch date. Our critical fiber backbone enables the seamless high-capacity transport from Asia into the heart of the U.S. digital economy. This level of control, scale, and performance is exactly what global enterprises and cloud providers need to support the next generation of AI and data-driven innovation." The JUNO cable, operated by Seren Juno Network Co., Ltd., is 10,000 kilometers long and engineered to deliver up to 350 Tbps across 20 fiber pairs, using next-generation Space Division Multiplexing (SDM) technology. Lumen's dark fiber backhaul gives JUNO custom, private network configurations. Connecting JUNO at the cable landing station to two critical PoPs, helps data reach major cloud hubs, data centers and enterprise networks across the U.S. "Our partnership with Lumen is a critical milestone in delivering on JUNO's promise to revolutionize trans-Pacific data transport," said Yoshio Sato, CEO of Seren Juno Network Co., Ltd. "Lumen's reach into major U.S. cloud hubs and its proven expertise in high-capacity fiber infrastructure make it an ideal partner as we bring the world closer through digital innovation." Businesses in both Japan and the US stand to benefit significantly from the increased bandwidth and reliable connections. Together, JUNO's cable system and Lumen's terrestrial network will create a powerful bridge between Asia and North America—supporting next-gen applications, enabling global scale for AI, and helping enterprises navigate the digital economy with agility and speed. Connecting directly into cloud regions, edge compute sites, and major data centers is only possible with strong terrestrial backhaul. Learn more about Lumen Dark Fiber services. 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 LinkedIn: /lumentechnologies, X: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies, and YouTube: /lumentechnologies. View source version on Contacts Media Contact: Stephanie MeisseLumen
Business Wire
9 hours ago
- Business
- Business Wire
Lumen Powers JUNO Trans-Pacific Cable U.S. Landing with High-Capacity Backhaul Network
DENVER--(BUSINESS WIRE)--With undersea cables accounting for more than 99% of international data traffic, a robust terrestrial network is vital for ensuring seamless, high-capacity data flows across continents. Lumen Technologies (NYSE: LUMN) announced it will provide the terrestrial backhaul connectivity for the JUNO Trans-Pacific Cable System, the highest-capacity trans-Pacific cable linking Japan and the United States. Lumen's fiber network will carry traffic from the cable's U.S. landing point in Grover Beach, Ca., to two major points of presence (PoPs) in San Jose and Los Angeles— helping to revolutionize business operations and technological advancements in both countries. An undersea cable can carry massive amounts of data across oceans, but it's the strong terrestrial network that completes the journey. Share 'An undersea cable can carry massive amounts of data across oceans, but it's the strong terrestrial network that completes the journey,' said Ashley Haynes-Gaspar, Lumen EVP and Chief Revenue Officer. 'Lumen designed and developed a dark fiber solution the JUNO system could quickly deploy to meet their launch date. Our critical fiber backbone enables the seamless high-capacity transport from Asia into the heart of the U.S. digital economy. This level of control, scale, and performance is exactly what global enterprises and cloud providers need to support the next generation of AI and data-driven innovation.' The JUNO cable, operated by Seren Juno Network Co., Ltd., is 10,000 kilometers long and engineered to deliver up to 350 Tbps across 20 fiber pairs, using next-generation Space Division Multiplexing (SDM) technology. Lumen's dark fiber backhaul gives JUNO custom, private network configurations. Connecting JUNO at the cable landing station to two critical PoPs, helps data reach major cloud hubs, data centers and enterprise networks across the U.S. 'Our partnership with Lumen is a critical milestone in delivering on JUNO's promise to revolutionize trans-Pacific data transport,' said Yoshio Sato, CEO of Seren Juno Network Co., Ltd. 'Lumen's reach into major U.S. cloud hubs and its proven expertise in high-capacity fiber infrastructure make it an ideal partner as we bring the world closer through digital innovation.' Businesses in both Japan and the US stand to benefit significantly from the increased bandwidth and reliable connections. Together, JUNO's cable system and Lumen's terrestrial network will create a powerful bridge between Asia and North America—supporting next-gen applications, enabling global scale for AI, and helping enterprises navigate the digital economy with agility and speed. Connecting directly into cloud regions, edge compute sites, and major data centers is only possible with strong terrestrial backhaul. Learn more about Lumen Dark Fiber services. 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 LinkedIn: /lumentechnologies, X: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies, and YouTube: /lumentechnologies.
Yahoo
5 days ago
- Business
- Yahoo
Will Lumen Technologies' Asset Sale Spark a Recovery in Its Stock?
Lumen will sell its mass markets fiber business to AT&T for $5.75 billion. The telecom will likely use the proceeds to reduce debt and invest in its network. The question for investors is whether that move will draw more investors to Lumen stock. 10 stocks we like better than Lumen Technologies › Telecom specialist Lumen Technologies (NYSE: LUMN) just announced the sale of its mass-market fiber business to AT&T for $5.75 billion. That move continues the transformation which began last summer when it partnered with Microsoft to leverage its existing network to strengthen connectivity among Microsoft's data centers. It has also agreed to provide similar services to Amazon and Meta Platforms. The sale of the mass markets fiber business seems to confirm that Lumen is pivoting toward business and away from the consumer market. The question for investors is whether that deal will boost Lumen's stock over the long term. According to CEO Kate Johnson, the company will receive net proceeds of $4.8 billion. Lumen can use those funds to reduce its debt or support its growing need to increase its capital expenditures as the company tries to reinvent itself from what had been a declining wireline telco business. Still, one has to assume Lumen will focus on debt reduction at some level. As of the first quarter of 2025, it holds $17.3 billion in long-term debt. The company's book value is only $289 million, so that liability has put tremendous strain on the company's balance sheet. Moreover, the company has to build what it calls a "backbone" for artificial intelligence (AI) to serve its enterprise customers. To that end, Lumen plans to spend $4.1 billion to $4.3 billion in capex this year, presumably to help build that AI backbone. That is up 30% from the $3.2 billion in spending in 2024 but should enable the company to meet the needs of its new customers. Nonetheless, investors may be right to question how much the deal helps Lumen as an investment. So far, the pivot toward enterprise has not boosted the company's financials. In the first quarter of 2025, revenue dropped 3% year over year to $3.2 billion. Although that is an improvement from the 10% drop in revenue in all of 2024, it still represents a decline. Despite a net loss of $201 million, Lumen generated $354 million in free cash flow in Q1. Unfortunately, Lumen expects $700 million to $900 million in free cash flow in 2025, down from $1.4 billion in 2024. However, free cash flow will fall because of the increase in capex spending, not poor financial performance. Investors do not know quite what to make of Lumen's transformation. The stock is up 200% over the past year but down 64% from its peak in November. This likely indicates that investors are wary. Measuring the valuation is also tricky. The lack of profitability leaves it without a P/E ratio. As for its price-to-sales (P/S) ratio, it is less than 0.3. That is up from 2024 lows but below the five-year average of 0.4, making it unclear whether Lumen's valuation will help draw investors back to its stock. Given the current state of the company, investors should probably limit stock purchases to speculative positions until its deals begin to drive positive revenue growth. Prospects for a turnaround have improved thanks to the aforementioned AI partnerships, and the cash infusion from the sale of the consumer fiber business greatly increases the odds of a turnaround. Unfortunately, these deals have not translated into an improved financial performance. Lumen's revenue continues to fall, and forecasts indicate that trend will continue through 2025 and 2026. Ultimately, until revenue growth turns consistently positive, Lumen stock will probably struggle to move higher. Before you buy stock in Lumen Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Lumen Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor's total average return is 982% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Meta Platforms, and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Will Lumen Technologies' Asset Sale Spark a Recovery in Its Stock? was originally published by The Motley Fool Sign in to access your portfolio
Phone Arena
6 days ago
- Business
- Phone Arena
Millions of AT&T customers are already set up for faster, smarter internet at home
AT&T's been going hard on home internet lately. It just agreed to drop $5.75 billion to buy the consumer fiber business from Lumen Technologies, which will also give the company around 1 million new fiber customers. But getting blazing-fast speeds to your doorstep is just one part of the equation. What also matters is what happens inside your home – and that's where AT&T 's latest moves come in. The company recently introduced a new solution called All-Fi Pro, designed to modernize your in-home Wi-Fi setup. Think of it like an upgrade plan, but instead of a new phone, you are upgrading your internet gear. And now, there is even more happening behind the scenes to boost your experience. AT&T is transforming its routers into smart platforms that can run apps, thanks to a major software shift now powering over 12 million devices. Back in 2019, AT&T started looking at ways to deliver new broadband features faster – without waiting around for full software rollouts. As Wi-Fi routers (also called gateways) got more powerful with ARM-based chipsets, they became capable of running more than just your internet. They could also run apps right on the device. And since AT&T gateways are in so many homes, the company saw a big cybersecurity becoming a growing concern, AT&T decided its first big focus would be online safety. So, it started building a container framework – a flexible way to run and manage apps on routers without messing with the main software. Customers could turn apps on or off as they liked and only those who used them would have them installed. AT&T kicked things off with AT&T ActiveArmor internet security, its first container-based app. It grew fast – millions of customers now use it. But the original framework turned out to be a resource hog, eating up memory and CPU power even when apps weren't running. That put limits on how many apps AT&T could offer at once. By 2022, AT&T 's system was starting to feel outdated. It was locked into a specific chipset and didn't take advantage of the newer multi-core processors. So, the company started looking for something better. That's when AT&T chose prplware, an open-source platform developed by the prpl foundation. It is designed to bring more flexibility to routers across the industry and break away from the mess of proprietary software systems out there. – Jason Savard, AVP, Technology, AT&T , May 2025 The prplware package includes: prplOS (the main operating system) prplmesh (for better Wi-Fi mesh setups) LCM (Life Cycle Management), which is all about handling container-based apps more efficiently LCM was a game-changer. It used way fewer resources when no apps were running, which meant AT&T could do more with the same hardware. It worked so well, AT&T started using it even on older routers that weren't getting full prplware upgrades. Today, LCM is already live on more than 12 million AT&T broadband gateways, powering millions of containers. The rollout's not done yet, but AT&T is clearly making big moves. In the future, your AT&T router will be more than just a box that brings in internet. It'll be like a mini app store for your home network. Thanks to these tech upgrades, AT&T can start offering more apps – like upgraded security tools or smart home integrations – directly on your router without slowing things down. And just like on your phone, you'll get choices. Some apps will be free, others may offer premium features for a fee. You'll be able to pick what fits your needs and switch things up anytime. Bottom line: better internet experience.
Globe and Mail
6 days ago
- Business
- Globe and Mail
Will Lumen Technologies' Asset Sale Spark a Recovery in Its Stock?
Telecom specialist Lumen Technologies (NYSE: LUMN) just announced the sale of its mass-market fiber business to AT&T for $5.75 billion. That move continues the transformation which began last summer when it partnered with Microsoft to leverage its existing network to strengthen connectivity among Microsoft's data centers. It has also agreed to provide similar services to Amazon and Meta Platforms. The sale of the mass markets fiber business seems to confirm that Lumen is pivoting toward business and away from the consumer market. The question for investors is whether that deal will boost Lumen's stock over the long term. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » The AT&T deal and its implications According to CEO Kate Johnson, the company will receive net proceeds of $4.8 billion. Lumen can use those funds to reduce its debt or support its growing need to increase its capital expenditures as the company tries to reinvent itself from what had been a declining wireline telco business. Still, one has to assume Lumen will focus on debt reduction at some level. As of the first quarter of 2025, it holds $17.3 billion in long-term debt. The company's book value is only $289 million, so that liability has put tremendous strain on the company's balance sheet. Moreover, the company has to build what it calls a "backbone" for artificial intelligence (AI) to serve its enterprise customers. To that end, Lumen plans to spend $4.1 billion to $4.3 billion in capex this year, presumably to help build that AI backbone. That is up 30% from the $3.2 billion in spending in 2024 but should enable the company to meet the needs of its new customers. Does the deal boost the case for Lumen stock? Nonetheless, investors may be right to question how much the deal helps Lumen as an investment. So far, the pivot toward enterprise has not boosted the company's financials. In the first quarter of 2025, revenue dropped 3% year over year to $3.2 billion. Although that is an improvement from the 10% drop in revenue in all of 2024, it still represents a decline. Despite a net loss of $201 million, Lumen generated $354 million in free cash flow in Q1. Unfortunately, Lumen expects $700 million to $900 million in free cash flow in 2025, down from $1.4 billion in 2024. However, free cash flow will fall because of the increase in capex spending, not poor financial performance. Investors do not know quite what to make of Lumen's transformation. The stock is up 200% over the past year but down 64% from its peak in November. This likely indicates that investors are wary. Measuring the valuation is also tricky. The lack of profitability leaves it without a P/E ratio. As for its price-to-sales (P/S) ratio, it is less than 0.3. That is up from 2024 lows but below the five-year average of 0.4, making it unclear whether Lumen's valuation will help draw investors back to its stock. Should you buy Lumen Technologies stock? Given the current state of the company, investors should probably limit stock purchases to speculative positions until its deals begin to drive positive revenue growth. Prospects for a turnaround have improved thanks to the aforementioned AI partnerships, and the cash infusion from the sale of the consumer fiber business greatly increases the odds of a turnaround. Unfortunately, these deals have not translated into an improved financial performance. Lumen's revenue continues to fall, and forecasts indicate that trend will continue through 2025 and 2026. Ultimately, until revenue growth turns consistently positive, Lumen stock will probably struggle to move higher. Should you invest $1,000 in Lumen Technologies right now? Before you buy stock in Lumen Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Lumen Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor 's total average return is982% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Meta Platforms, and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
