Lumen puts copper biz on the auction block...again [telecom]

May 10, 2021 0 Replies

By Mike Dano



Lumen Technologies - formerly CenturyLink - said it's shopping its copper-based consumer Internet service provider business to prospective buyers.



"We are actively looking at selling non-core assets to unlock value in our business," CEO Jeff Storey said this week during the company's quarterly conference call with analysts, according to a Seeking Alpha transcript of the event. "If we find transactions that are positive to shareholders, we won't hesitate to move forward."



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