Lumen Reportedly Looking to Offload its Consumer Fiber Business
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Lumen Technologies is reportedly seeking to sell its consumer fiber business and has enlisted Goldman Sachs for assistance.
December 20, 2024 | 1:30 pm
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Lumen Technologies is reportedly planning to sell its consumer fiber business, with Goldman Sachs assisting in the process.
The potential sale of Lumen's consumer fiber business could positively impact the stock price as it may lead to a more focused business strategy and potential cash inflow. The involvement of Goldman Sachs suggests a serious approach to the sale.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100