lol646b

Sowei 2025-01-12
lol646b
lol646b Title: A Night Changes Everything: The Most Urgent Issue in Syria│"The Seaside Research Bureau" - Economic Recovery Far from Sight

:Lumen Technologies has kicked off a process to sell its consumer fiber operations, as the telecommunications company looks to phase out its legacy mass markets business and reduce its sizable debt pile, according to people familiar with the matter. The move to offload the fiber business, which provides high-speed internet services to residential customers, comes as Lumen is doubling down on the artificial intelligence boom to power its near-term growth, while grappling with a rapid decline in sales and profits from its legacy business. Monroe, Louisiana-based Lumen is working with investment bankers at Goldman Sachs to gauge interest for the business from potential acquirers that include industry rivals, the sources said, requesting anonymity as the matter is confidential. The company's shares closed up nearly 5 per cent on the news on Thursday. Lumen could also choose to sell a stake in the fiber unit or sign a joint-venture deal with a strategic partner, the sources said, adding that the talks are at an early stage and a deal is not guaranteed. The company has been exploring options for the mass markets business, which houses the fiber operations, since earlier this year. At the Bank of America Leveraged Finance Conference earlier this month, Lumen Chief Financial Officer Chris Stansbury said the fiber business was "a great asset, but an asset that is probably better suited in somebody's hands that has a wireless offering." Any deal would require Lumen to split up its fiber business, which also offers internet services to large enterprise customers, the sources said, adding that the company is not planning to sell the enterprise fiber operations. As of the end of September, Lumen operated 4.1 million fiber-enabled locations. Depending on what parts of the consumer fiber unit Lumen chooses to sell and how a deal is structured, the transaction could be valued at $6 billion to $9 billion, the sources said. Lumen and Goldman Sachs both declined to comment. STRATEGIC SHIFT Known as CenturyLink before its 2020 rebranding, Lumen has changed course several times over the years, most recently in 2021 when the company sold its local exchange carrier assets in 20 states to Apollo-backed Brightspeed for $7.5 billion. Lumen's legacy business offers broadband, voice and other services to businesses and residential customers. It owns underground cables that are leased out through long-term contracts and helps provide fiber connectivity to customers. To turn around its fortunes, Lumen has restructured its debt and signed billions of dollars of new contracts to provide networking and cybersecurity services to Big Tech companies. Lumen has also been attempting to shrink its reliance on the legacy business, which was grown from past acquisitions - including its $25 billion merger with Level 3 Communications in 2017 - and has declined in value over the years as the technology has become outdated. In August, the company secured $5 billion in business from new customers, including Microsoft, to provide AI connectivity to cloud computing data centers. In its latest quarter, Lumen signed new contracts worth $3 billion, which included partnerships with Meta, Alphabet and Amazon. The contract wins have bolstered Lumen's share price, which has more than tripled in value this year, giving the company a market value of about $6.2 billion. Lumen’s long-term debt stood at $18.1 billion for the quarter ended Sept 30. Lumen posted revenue of $3.2 billion in the third quarter, down 11.5 per cent from the same period a year earlier, while its net loss widened to $148 million. Its fiber broadband business, which accounts for 40 per cent of its mass markets broadband revenue, grew 16.6 per cent from last year. In September, Lumen launched a debt swap for near-term bonds to extend some of its maturities. The exchange triggered a downgrade in Lumen's credit rating from S&P Global Ratings. In November, S&P assigned a CreditWatch Positive rating to Lumen on the back of the company's recent AI contract wins, indicating that its credit rating could be upgraded by a notch depending on its fourth-quarter results.

According to reports, the female master's graduate, whose name has been withheld for privacy reasons, sought shelter in the village after experiencing financial difficulties and personal issues. A local family kindly offered her a place to stay, but rumors soon began to circulate that she was not allowed to leave the premises and was being kept under strict surveillance.The arrest of Doe and his accomplices has raised questions about the dark underbelly of privilege and entitlement in today's society. It serves as a stark reminder that wealth and status do not shield individuals from the consequences of their actions, and that no one is above the law.Furthermore, the leaders discussed the importance of increasing the supply of affordable housing to meet the needs of the population. They highlighted the need to accelerate the construction of public rental housing, improve the allocation of subsidized housing resources, and provide more options for low and middle-income families. By increasing the supply of affordable housing, the government aims to alleviate the pressure on housing prices and ensure that more people have access to decent and affordable housing.

Previous: lol646 login
Next: lol 646
0 Comments: 0 Reading: 349
You may also like