In the second quarter, Lumen Technologies reported a loss of $8.74 billion, a significant decrease from the $344 million profit in the same quarter last year. The company, formerly CenturyLink Enterprise, has lost more than 66 percent of its value this year, reducing its market capitalization ...

Lumen, a US telco, loses $8.74bn due to non-cash impairment
Aug 03, 2023 | Posted by Abdul-Rahman Oladimeji | Lumen Technologies