Lumen Technologies Announces It Has Secured $5B In New Business Driven By Major Demand For Connectivity Fueled By AI
Portfolio Pulse from Benzinga Newsdesk
Lumen Technologies has secured $5 billion in new business driven by AI-fueled demand for connectivity. The company is also in discussions for an additional $7 billion in sales opportunities. To meet this demand, Lumen will double its intercity network miles and has partnered with Corning for next-gen fiber-dense cable.
August 05, 2024 | 8:48 pm
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Lumen Technologies has secured $5 billion in new business driven by AI demand and is in discussions for an additional $7 billion. The company will double its intercity network miles and has partnered with Corning for next-gen fiber-dense cable.
The announcement of securing $5 billion in new business and potential for another $7 billion indicates strong revenue growth. The partnership with Corning and plans to double network miles show strategic moves to meet demand, likely boosting investor confidence.
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