Lumen Technologies launches sale of consumer fiber unit, sources say
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Lumen Technologies is initiating the sale of its consumer fiber unit to phase out its legacy mass markets business and reduce debt.
December 19, 2024 | 8:45 pm
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Lumen Technologies is selling its consumer fiber unit to reduce debt and phase out its legacy mass markets business.
The sale of the consumer fiber unit is a strategic move to reduce Lumen's debt and focus on more profitable areas. This could positively impact LUMN's stock price as it addresses debt concerns and streamlines operations.
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