Aug 03, 2023 | Posted by Abdul-Rahman Oladimeji | Lumen Technologies
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 ...
Jun 27, 2023 | Posted by Abdul-Rahman Oladimeji | Phoenix
A 6MW data facility is up for lease or purchase in Phoenix, Arizona. Located in the desirable Deer Valley neighborhood, CBRE has listed 20435 North 26th Avenue for sale or lease. There was no listed pricing. The 6MW facility was completed in 2003 and sits on 3.66 acres of land, with a raised f...
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...
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...
May 26, 2021 | Posted by Bob Tester | Phoenix
The Mesa City Council just approved the development for a Company that plans to build a data center on Elliot and Ellsworth roads in the northwest corner of Eastmark. Although the Company remains in mystery, the Mayor of Mesa City said the mystery Company would be investing $800 million to bri...