United States: Disposals of telecommunications assets are “Lumen” (podcast)

To print this article, simply register or connect to Mondaq.com.

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.

If you would like to know more about our experience in this space, please visit our SIP Trunking and Legacy Voice Networks and Achievements web pages.

Originally published August 5, 2021.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

POPULAR ARTICLES ON: United States Finance and Banking

Update on LIBOR transition

Proskauer Rose LLP

This LIBOR transition update, aimed primarily at private credit lenders, provides a recap of recent trends and reflects new developments on the eve of the LIBOR transition for banks, including the new SOFR