Lumen Announces Sale Of Select CDN Customer Contracts To Akamai
Portfolio Pulse from Bill Haddad
Lumen Technologies has announced the sale of select Content Delivery Network (CDN) customer contracts to Akamai Technologies. The financial terms of the deal were not disclosed.
October 10, 2023 | 1:03 pm
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NEUTRAL IMPACT
Lumen Technologies has sold some of its CDN customer contracts to Akamai. This could potentially free up resources for Lumen to focus on other areas.
The sale of CDN contracts could potentially free up resources for Lumen, allowing it to focus on other areas. However, without financial details, it's hard to predict the exact impact on Lumen's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Akamai Technologies has acquired select CDN customer contracts from Lumen. This could potentially expand Akamai's customer base and increase its market share in the CDN space.
The acquisition of CDN contracts from Lumen could potentially expand Akamai's customer base and increase its market share in the CDN space. This could have a positive impact on Akamai's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70