Latest news with #LumenTechnologies
Fast Company
6 days ago
- Business
- Fast Company
Lumen and Corning are reinventing the fiber-optic cable for next-gen AI
BY Over several decades, Lumen Technologies built the largest ultralow-loss fiber-optic network in North America, connecting major cities and data centers through its unparalleled infrastructure. With generative AI requiring significantly more fiber connections to handle unprecedented amounts of data, Lumen recognized a need to increase the amount of fiber in its existing conduits. Lumen is partnering with Corning, inventor of the first low-loss optical fiber in 1970, to create a new fiber that is smaller and more powerful than any previously existing cable, thus increasing the strength, speed, and resiliency of Lumen's network.
Yahoo
7 days ago
- Business
- Yahoo
Lumen Technologies, Inc. Announces Offering of First Lien Notes Due 2034
DENVER, August 04, 2025--(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 $1.25 billion aggregate principal amount of First Lien Notes due 2034 (the "First Lien Notes"). Level 3 Financing intends to use the net proceeds from this offering, together with cash on hand, to partially redeem $1,075,000,000 aggregate principal amount of Level 3 Financing's 11.000% First Lien Notes due 2029, including payment of redemption premium, and to pay related fees and expenses. The First Lien Notes will not be registered under the Securities Act of 1933 (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 First Lien 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 First Lien 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 First Lien Notes, nor will there be any sale of the First Lien Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release does not constitute a notice of redemption with respect to any of Level 3 Financing's outstanding senior notes. About Lumen 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 LLC 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: 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 or its 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 Contacts Media Contact:Joe +1 781-799-6048 Investor Contact: Jim Breen, +1 603-404-7003 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-08-2025
- Business
- Yahoo
Lumen Technologies (LUMN) Extends Losing Streak on Wider Losses
We recently published . Lumen Technologies, Inc. (NYSE:LUMN) is one of the worst-performing stocks on Friday. Lumen Technologies saw its share prices decline for a third straight day on Friday, slashing 16.63 percent to close at $3.71 apiece after a disappointing earnings performance in the second quarter of the year. In its earnings release, Lumen Technologies, Inc. (NYSE:LUMN) said it widened its net loss by 1,767 percent to $915 million from the $49 million in the same period last year. Revenues decreased by 5 percent to $3.09 billion from $3.27 billion year-on-year. According to the company, the wider net loss was primarily due to the refinancing of certain debt instruments and credit facilities during the past two quarters, among others. cherezoff / In the first half, Lumen Technologies, Inc. (NYSE:LUMN) swung to a net loss of $1.1 billion from an $8 million net profit in the first six months of 2024, while revenues also declined by 4 percent to $6.27 billion from $6.56 billion. Kate Johnson, Lumen Technologies, Inc.'s (NYSE:LUMN) president and CEO, said that the firm is currently building a stronger and more modern company. 'With the sale of our consumer fiber business, successful debt refinancing, and continued modernization gains, we're laying our foundation for future revenue growth,' she noted. While we acknowledge the potential of LUMN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-08-2025
- Business
- Yahoo
Lumen Technologies (LUMN) Extends Losing Streak on Wider Losses
We recently published . Lumen Technologies, Inc. (NYSE:LUMN) is one of the worst-performing stocks on Friday. Lumen Technologies saw its share prices decline for a third straight day on Friday, slashing 16.63 percent to close at $3.71 apiece after a disappointing earnings performance in the second quarter of the year. In its earnings release, Lumen Technologies, Inc. (NYSE:LUMN) said it widened its net loss by 1,767 percent to $915 million from the $49 million in the same period last year. Revenues decreased by 5 percent to $3.09 billion from $3.27 billion year-on-year. According to the company, the wider net loss was primarily due to the refinancing of certain debt instruments and credit facilities during the past two quarters, among others. cherezoff / In the first half, Lumen Technologies, Inc. (NYSE:LUMN) swung to a net loss of $1.1 billion from an $8 million net profit in the first six months of 2024, while revenues also declined by 4 percent to $6.27 billion from $6.56 billion. Kate Johnson, Lumen Technologies, Inc.'s (NYSE:LUMN) president and CEO, said that the firm is currently building a stronger and more modern company. 'With the sale of our consumer fiber business, successful debt refinancing, and continued modernization gains, we're laying our foundation for future revenue growth,' she noted. While we acknowledge the potential of LUMN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
Yahoo
02-08-2025
- Business
- Yahoo
Lumen Technologies Second Quarter 2025 Earnings: EPS Misses Expectations
Lumen Technologies (NYSE:LUMN) Second Quarter 2025 Results Key Financial Results Revenue: US$3.09b (down 5.4% from 2Q 2024). Net loss: US$915.0m (loss widened by US$866.0m from 2Q 2024). US$0.92 loss per share (further deteriorated from US$0.05 loss in 2Q 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Lumen Technologies EPS Misses Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Looking ahead, revenue is expected to decline by 3.5% p.a. on average during the next 3 years, while revenues in the Telecom industry in the US are expected to grow by 4.3%. Performance of the American Telecom industry. The company's shares are down 14% from a week ago. Risk Analysis It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Lumen Technologies (at least 1 which doesn't sit too well with us), and understanding these should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
