Nov 07, 2022 | Posted by Abdul-Rahman Oladimeji | Lumen Technologies
Lumen has announced that it will sell its Europe, Middle East, and Africa (EMEA) operations to Colt in a $1.8 billion deal. The deal will see Lumen divest its EMEA business, including its data centers, terrestrial and subsea networks, and network equipment in the EMEA region, to Colt. The deal...
Jan 21, 2022 | Posted by Abdul-Rahman Oladimeji | Lumen Technologies
Lumen Technologies has won a $1.2 billion contract from the US Department of Agriculture. Lumen is to deliver a fully integrated wide-area data transport service to over 9,500 US Department of Agriculture locations across the country and around the world. With this contract, Lumen will offer a...
Oct 20, 2021 | Posted by Abdul-Rahman Oladimeji | Orlando
Regency Commercial Properties, Inc. has completed the sale of Central Corporate Center at 5915-6035 South Rio Grande Ave in Orlando, Florida, for $15.1 million. This is a five-building office park with 318,516 square feet of space spread across 21.7 acres of land. The property firm sold the bu...
Sep 07, 2021 | Posted by Abdul-Rahman Oladimeji | Lumen Technologies
Lumen Technologies, formerly known as CenturyLink, has agreed to pay $275,000 to resolve a Civil Contempt Claim by the Department of Justice for its acquisition of Level 3 Communications Inc in 2016. The Justice Department accused Lumen (formerly CenturyLink) of violating the terms designed to...
Aug 06, 2021 | Posted by Abdul-Rahman Oladimeji | Lumen Technologies
Lumen Technologies has announced that it is selling its current local exchange carrier (ILEC) business in 20 states for $7.5 billion. The firm will be selling the business to Apollo Funds. Lumen Technologies currently operates the ILEC business under the CenturyLink name, and the business incl...
Jul 28, 2021 | Posted by Abdul-Rahman Oladimeji | Lumen Technologies
Lumen Technologies has announced the sale of its entire Latin American business to Stonepeak Infrastructure Partners. The sale is said to be worth $2.7 billion. Australia’s largest pension fund, AustralianSuper, is also investing funds in the deal with Stonepeak. The current leadership team of...