December 11, 2025 Lumen Technologies
Lumen Technologies has appointed Jim Fowler as its executive vice president and chief technology and product officer. The new CTO is to succeed Dave Ward, who is leaving Lumen to become president and chief architect at Salesforce. Starting from January 6, Fowler will manage global technology and...
Read more
June 12, 2024 Crown Castle
Crown castle which operates more than 40,000 towers, has acknowledged that it's become more difficult to build new infrastructure. This is due to opposition from residents and the fact that some municipalities don't want more telecom masts at all."It's generally because it's very difficult to...
Read more
May 17, 2024 Crown Castle
Proxy firm Glass Lewis has publicly urged Crown Castle shareholders to vote for two activist director candidates, including the company's co-founder and former chief executive officer, Ted Miller, to the board, along with former CFO Charles Green. Furthermore, Glass Lewis also told shareholders...
Read more
April 22, 2024 Crown Castle
Tower company Crown Castle recently revealed that it has been in talks with multiple parties regarding its fiber business in recent months. Miller, who was the company's CEO until 2001, wants to sell the fiber business and has previously said the assets could fetch as much as $15 billion. "The...
Read more
April 15, 2024 Lumen Technologies
Lumen Technologies has secured a contract worth about $73.6 million from the US Government Accountability Office (GAO) under the General Services Administration's Enterprise Infrastructure Solutions (EIS) program. This multi-million dollar contract will see Lumen modernize network, data, voice,...
Read more
April 09, 2024 Crown Castle
Crown Castle has announced Steven J. Moskowitz as president and CEO, bringing an end to Crown Castle's search for a successor to former CEO Jay Brown, who announced his departure in December. Anthony Melone acted as interim CEO from January 16, 2024. “I have long admired Crown Castle’s quality...
Read more
December 09, 2023 Crown Castle
Crown Castle has announced that its CEO, Jay Brown has informed them of his decision to step down from the role of CEO earlier this week and will retire from the company next year. This news comes only a week after activist investor Elliott Investment Management issued a statement calling for a...
Read more
November 10, 2023 Lumen Technologies
The US Defense Information Systems Agency has awarded Lumen Technologies a $110 million contract to provide mission-critical network services to the US Department of Defense (DoD). This contract has a timeline of five years, from November 30, 2023, through September 30, 2028. This contract is an...
Read more
October 16, 2023 Lumen Technologies
Lumen announced that it’s Content Delivery Network (CDN) business will be shut down and it has sold its customer contracts to Akamai. Both companies will undergo a transition services agreement for 90 days before Lumen completes its shut down. "We are deep into our transformation of Lumen and...
Read more
August 03, 2023 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 to...
Read more
November 07, 2022 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 is...
Read more
January 21, 2022 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...
Read more
September 07, 2021 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...
Read more
August 06, 2021 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...
Read more
July 28, 2021 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...
Read more
April 27, 2015 Crown Castle
Boxborough, Massachusetts and Rochester, New York — Lightower Fiber Networks, a leading provider of custom, high-capacity network services that ensure optimal application and business performance, and Fibertech Networks, a leading provider of fiber-optic based network services throughout mid-size...
Read more