United States: Disposals of telecommunications assets are “Lumen” (podcast)
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Lumen Technologies recently announced two major business divestitures that could earn them $ 10 billion in revenue and help the company refocus its strategy. In the first sale, Lumen’s Latin American operations are sold to investment firm Stonepeak for $ 2.7 billion and in the second, even larger sale, the operations of the company’s local incumbent. telecommunications in 20 states are going to Apollo Funds for $ 7.5 billion.
In this 11-minute podcast, Jack deal, one of the general managers of TC2, and Laura McDonald, partner of LB3, discuss with the Joe schmidt what these asset disposals mean and speculating on how companies could benefit from the new Lumen.
Originally published August 5, 2021.
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