According to Reuters, Lumen Technologies is considering the sale of its consumer fiber operations. The news outlet – citing ...

Lumen aims to reduce debt by selling consumer fiber unit Potential acquirers include industry rivals, sources say Lumen's AI contracts boost share price, market value at $6.2 billion Dec 19 ...

The consumer fiber unit, which provides high-speed internet services to residential customers, has been a critical part of Lumen’s mass markets business. However, the company has engaged Goldman ...

Sources told Reuters that Lumen is working with investment bankers at Goldman Sachs over a potential deal, while a joint venture could also be explored. A sale will help the company reduce its debt, ...

Lumen (LUMN) Technologies has initiated a process to sell its consumer fiber business, as the company eyes phasing out its legacy mass markets business and cutting its large debt pile, Reuters ...

Lumen may also look to sell a stake in the fiber unit or sign a joint-venture agreement with a strategic partner, according to the Reuters report. Lumen is working with Goldman Sachs on the sales ...

The company's shares closed up nearly 5% on the news on Thursday. Lumen could also choose to sell a stake in the fiber unit or sign a joint-venture deal with a strategic partner, the sources said ...