JPMorgan Comments Negative on Lumen (LUMN): 'revenue continues to decline, leverage stays high'
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Lumen Technologies reports fourth quarter and full year 2023 results
February 6, 2024 4:07 PM ESTFourth Quarter 2023 Highlights
Announced an Amended and Restated Transaction Support Agreement on January 25, 2024 which, when completed, based on current participation levels1 will address maturities of approximately $9 billion of outstanding indebtedness, including more than 77% of debt maturing through 2027Completed the $1.8 billion divestiture of its EMEA business and the sale of select CDN contractsReported Net Loss of $(1.995) billion for the fourth quarter 2023, which included a non-cash goodwill impairment charge of $1.9 billion, compared to reported Net Loss of $(3.069) billion for... MoreLumen names Networking Pioneer as Chief Technology Officer
February 6, 2024 1:35 PM ESTDENVER, Feb. 6, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) has named Dave Ward as its new Chief Technology Officer. Ward will lead the development and integration of Lumen's global network and the disruptive technologies the company is deploying to expand the power of its... More
