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Telco Asset Divestitures are “Lumen”

Lumen Technologies recently announced two sizable business divestitures that could see them realize $10 billion in sales proceeds and help the company refocus its strategy.  In the first sale, Lumen’s Latin American business is being sold to the investment firm Stonepeak for $2.7 billion and in the second, even larger sale, the telco’s local incumbent carrier operations in 20 states are going to Apollo Funds for $7.5 billion.

In this 11 minute podcast, Jack Deal, one of TC2’s Managing Directors, and Laura McDonald, a Partner with LB3, discuss with TC2’s Joe Schmidt what these asset divestitures mean and speculate how enterprises might benefit from the new Lumen.

If you would like to learn more about our experience in this space, please visit our SIP Trunking & Legacy Voice Networks and Success Stories webpages.

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